Vietnam, Singapore look to foster business ties

The PM highly praised the vision of late Singaporean Prime Minister Lee Kuan Yew in connecting the two economies and encouraged Singaporean firms to invest in high-tech zones in Da Nang.

He said the Vietnamese government was committed to create a favourable investment environment for these projects. The Singapore Manufacturing Federation President Douglas Foo said that Singaporean investors wanted to invest in Vietnam in several areas, with a focus on Da Nang. He proposed that the city should be developed into a garden city like Singapore and could become a venue for international exhibitions and conferences.