Viet
Nam President Truong Tan Sang will pay official visits to Singapore from
September 26-28 and Malaysia from September 28-30 at the invitation of
Singaporean President Tony Tan Keng Yam and Malaysian King Tuanku Mizan Zainal
Billah Shah.
As Sang's first overseas trip after he was
elected as State President of Viet Nam, the visits aim to affirm Viet Nam's
consistent policy of strengthening the friendship and multifaceted co-operation
between Viet Nam and the two regional countries both bilaterally and at
regional and international forums.
Viet Nam and Singapore set up diplomatic ties
on August 1, 1973. The Vietnamese Embassy in Singapore opened in December, 1991
and the Singaporean Embassy in Viet Nam was established in September, 1992.
Since 1996, Singapore has been one of Viet
Nam's largest trade and investment partners, with two-way trade reaching US$6.2
billion in 2010.
By July 2011, Singapore had 937 valid projects
in Viet Nam with a total registered investment of over US$23 billion, ranking
third among 92 countries and territories investing in Viet Nam. Singapore
investment mainly focuses on industry, services, infrastructure and real
estate.
Most Singaporean projects have been operating
effectively in Viet Nam, contributing remarkably to the country's jobs
creation, exports and economic growth.
Singapore and Viet Nam have also seen close
and effective co-operation in health, education, science and technology, and
human resource development.
Bilateral ties have been expanded to other
areas such as finance, tourism, banking and policy making.
Meanwhile, Viet Nam and Malaysia established
diplomatic ties on March 30, 1973, and opened embassies in each other's capital
city in 1976.
At present, Malaysia is Viet Nam's third
largest trade partner in ASEAN and the ninth in general. Two-way trade between
the two countries has rapidly increased in recent years, reaching $5.5 billion
in 2010.
Viet Nam mainly exports crude oil, rice,
coffee and seafood to Malaysia while importing steel, petroleum, plastic
materials, machines and equipment, computers and electronic products from the
country.
Malaysia now ranks fifth among countries and
territories investing in Viet Nam with 386 projects capitalised at US$18.8
billion focusing on mining and communications.
Viet Nam has invested in 7 projects with a
total investment of over US$812 million in Malaysia.
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