Singapore’s Prime Minister Lee Hsien Loong and his spouse began a 4-day official visit to Viet Nam from March 21 at the invitation of Prime Minister Nguyen Xuan Phuc.

Singapore’s Prime Minister Lee Hsien Loong (Source: AFP/VNA)

During this visit, Viet Nam and Singapore will discuss strategic orientations and specific measures to deepen their strategic partnership.

The 2 countries established diplomatic ties on August 1, 1973, and bilateral ties have been thriving especially since Viet Nam became a member of the Association of Southeast Asian Nations (ASEAN) in 1995.

On the occasion of PM Lee’s visit to Viet Nam in September 2013 to celebrate the 40^th anniversary of bilateral diplomatic ties, both sides issued a Joint Statement on the Establishment of Strategic Partnership.

Singapore is Viet Nam’s third largest foreign investor, with a total investment of over 38 billion USD poured into 1,600 projects in terms of processing, technology, production, real estate, construction, transport and logistics.

The country is also the 12^th biggest trade partner of Viet Nam, with 2-way trade doubling in the last decade, hitting nearly 16 billion USD in 2016.

(Source: VNA)