(VOV) - Vietnam and Singapore agreed to expand economic cooperation in the fields of modern services such as finance, information and communications and commodity trading at the eighth Vietnam-Singapore Connectivity Ministerial Meeting held in Singapore on April 4.
The Straits Times Daily Newspaper quoted Singapore’s Minister for Trade and Industry (MTI) Lim Heng Kiang as saying that both countries have great potential for strengthening cooperation as Vietnam’s economy continues to develop and grow to become the delivery centre for future contracts.
Mr Lim encouraged Vietnam to increase commodity trading on the Singapore Mercantile Exchange (SMX) to avoid risks of fluctuations in the prices of farm produce and improve the logistical and associated financial services.
The agreement on Vietnam-Singapore Connectivity, signed by the two governments in 2005, is a comprehensive cooperation programme with a focus on finance, education and training, transportation, information technology and communications, investment, trade and services.
Under the agreement, the Vietnam-Singapore Connectivity Ministerial Meeting is organized periodically to supervise and review the implementation of the agreement’s contents and devise an action plan in the future.