(VOV) – Singapore’s Institute of Southeast Asian Studies (ISEAS) will hold the Vietnam-Singapore forum on October 30 to discuss Vietnam’s policy making and investment challenges.
The event is part of activities marking the 40th anniversary of diplomatic ties between the two nations.
Since Vietnam and Singapore established diplomatic ties in 1973, they have seen their friendship growing in tandem with trade and investment cooperation.
Singapore is now Vietnam’s second biggest foreign investor while Vietnam is a major destination for Singaporean firms.
Dr. Aekapol Chongvilaivan- a Regional Economic Studies Programme fellow at the Institute of Southeast Asian Studies (ISEAS) says Vietnam is still hitting snags in its development process such as a lack of highly qualified human resources and financial resources.
On future Vietnam-Singapore economic prospects, Dr. Chongvilaivan says the Singaporean and Vietnamese Prime Ministers consider the strategic partnership agreement as a springboard for both nations to strengthen links in politics, economics, education- training, investment and many other areas.
The two governments are focused on enhancing economic and political relations.
Vietnam’s entry to the World Trade Organization (WTO) is a turning point in its international integration into the global economy which has a strong impact on its foreign investment and trade cooperation.
Vietnam’s involvement in the Trans-Pacific Partnership Agreement (TPP) will benefit both Vietnam and Singapore, he notes.
“Also as a TPP member, Vietnam is required to be more practical than other ASEAN countries. We hope that Vietnam will accelerate negotiations on intellectual property, investment and service protection and other areas beneficial to both nations and ASEAN as well.” Dr Chongvilaivan says.
Đăng ký: VietNam News
