Vietnam, Singapore sign MoU on economic, trade cooperation

Vietnamese minister of industry and trade Nguyen Hong Dien and Singaporean second minister for the same portfolio Tan See Leng agreed to quickly establish specialised working groups in each field to effectively implement the MoU document, according to official statements from both sides.

They also discussed measures to further expand cooperation in developing digital economy;  optimise free trade agreements in which the two countries are members; and focus on encouraging investment in electronics, telecommunications, furniture, and agro-fishery processing.

Singapore is the fifth biggest trading partner of Vietnam and the third largest foreign direct investor in the country.

Fibre2Fashion News Desk (DS)