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Singapore, Vietnam eyeing strategic partnership

30-Apr-2012 Intellasia | Straits Times | 7:05 AM Print This Post

Singapore and Vietnam are exploring the idea of forming a strategic partnership, a move that would enable them to go beyond traditional economic and business ties to cooperate in security, defence and other issues.

They are looking at how they can work together more in areas such as battling terrorism and cross-border crimes, while also expanding business opportunities for companies in both countries.

For example, they could help firms team up to form ‘international partnerships’ and make joint investments in a third country, such as in neighbouring Laos, Cambodia or Myanmar.

Another potential area of cooperation is cruise tourism to various parts of South-east Asia, which both countries can work together to promote.

(From left) Singapore Ambassador to Vietnam Simon Wong, President Tan and Singapore's Consul-General in Vietnam Pong Kok Tian speaking to the media on Friday. In the background are National Development Minister Khaw Boon Wan and Senior Minister of State Grace Fu. -- PHOTO: LIANHE ZAOBAO



Category: Business

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