Thailand
Vietnam, Singapore should optimise FTAs to boost cooperation: Minister
Vietnam and Singapore should further optimise free trade agreements (FTAs) in which both are members to strengthen bilateral business partnerships, according to the former’s minister of industry and trade Nguyen Hong Dien. He proposed this while interacting with Singapore’s second minister for trade and industry Tan See Leng in a recent online meeting.
Vietnam and Singapore are the only two countries in the region having comprehensive agreements with the European Union and the United Kingdom, and therefore, should support each other in further exploiting the markets, Dien said.
Singapore is currently Vietnam’s fifth largest trading partner in the Association of Southeast Asian nations (ASEAN) and the third biggest foreign investors in Vietnam with $62.55 billion in 2,769 projects, according to an official release in Vietnam.
At the virtual working session, the two ministers also concurred to continue working hard towards the signing of a memorandum of understanding on economic and trade cooperation between the two ministries.
Fibre2Fashion News Desk (DS)