Recently, The 15th Ministerial Conference on Economic Connectivity between Vietnam and Singapore was held under the co-chair of the Minister of Planning and Investment Nguyen Chi Dung and Mr. Tan See Leng, Second Minister of Industry and Trade, Co-Minister of Manpower Singapore, in an online format. Many specific measures were discussed in detail in which the issue of strengthening cooperation, training and labor supply were also mentioned.
The 15th Ministerial Conference on Economic Connectivity
The 15th Vietnam - Singapore Economic Connectivity Conference is an opportunity for the two parties to exchange many contents in order to strengthen cooperation and expand, connecting fields such as research, investment expansion, training cooperation and labor supply. The two parties have agreed to come up with specific cooperation contents to achieve the goals of adapting to the new situation; accelerate economic recovery, seize real opportunities to restructure global supply chains, and be ready for future challenges.
Economic linkage is still a bright spot in bilateral relations
Speaking at the conference, Minister Nguyen Chi Dung thanked Singapore for its valuable sharing with Vietnam through its timely support of medical equipment and supplies for Vietnam in the fight against Covid-19. This is a vivid expression of the close friendship and strategic partnership between the two countries.
In the context of the two countries' economies facing many challenges, economic linkage is still a bright spot in bilateral relations.
Minister Nguyen Chi Dung affirmed that economic links are still a bright spot in the bilateral relationship between Vietnam and Singapore
The cooperation and connection in finance, education - training and labor supply between the two countries are still maintained. On the multilateral level, Vietnam and Singapore have been cooperating well within the framework of ASEAN as well as regional and international forums.
Agreeing with Minister Nguyen Chi Dung, Minister Tan See Leng assessed that Vietnam is an attractive and interesting investment destination, especially in the fields of finance - insurance, processing, manufacturing, and retail. … “This is a testament to the confidence of Singapore enterprises in Vietnam”, added Mr. Tan See Leng, Singapore is also very interested in the labor potential in Vietnam. Currently, many reputable enterprises in Singapore have been working closely with enterprises in Vietnam in the field of labor supply.
Innovation is a new potential field
Discussing potential areas to promote cooperation in the coming time, Minister Nguyen Chi Dung emphasized; In the current context, Vietnam and Singapore need to strengthen cooperation in new growth areas such as innovation, connection for sustainable development, digital transformation, human resource training, thereby, promoting trade develops effectively in a more balanced direction.
Similar opinion, The Minister Tan See Leng affirmed, "I look forward to working with Minister Dung to further promote comprehensive economic connectivity between the two countries." Vietnam and Singapore have a lot of potential to further strengthen the bilateral economic relationship.
According to Minister Tan See Leng, Vietnam and Singapore have many more potential to be able to further strengthen the bilateral economic relationship
Mr. Vu Quoc Huy, Director of the National Innovation Center also proposed some related key issues including Cooperation on training and capacity building. Promote cooperation opportunities to share knowledge, support enterprises, especially innovative businesses to access labor resources, financial resources, science and technology, market information...
Suggesting more on this issue, Minister Nguyen Chi Dung said that the two parties can through the startup ecosystem, connect investment funds to create opportunities for startups of both countries to work together, research and commercialize technology products; Training human resources for innovation, supplying high-quality human resources…
Agreeing with the contents at the conference, the two Ministers affirmed that in the coming time, relevant ministries and sectors of the two countries will make efforts to coordinate in implementing and implementing new initiatives within the framework of the Agreement. splicing; encouraging Singapore enterprises to increase investment in Vietnam, find labor sources in Vietnam, continue to cooperate in many fields to further tighten economic ties between the two countries, contribute to development. relationship "Strategic Partnership" between Vietnam and Singapore.