March 17, 2017 | 21:30 (GMT+7)
Singapore Prime Minister to visit Vietnam
Singapore’s Prime Minister (PM) Lee Hsien Loong and his spouse will pay an official visit to Vietnam from March 21-24.
Singapore’s Prime Minister Lee Hsien Loong
The visit was made at the invitation of PM Nguyen Xuan Phuc, according to the Ministry of Foreign Affairs.
The relations between the two countries began in the 1990s and developed into strategic partnership in 2013.
Singapore is Vietnam’s third largest foreign investor, with a total investment of over USD 38 billion poured into 1,600 projects in terms of processing, technology, production, real estate, construction, transport and logistics.
The country is also the 12th biggest trade partner of Vietnam, with two-way trade doubling in the last decade, hitting nearly USD 16 billion in 2016.