Enhancing sound relations between Vietnam and Malaysia, Singapore

Friday, 2015-08-07 11:59:19
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PM Nguyen Tan Dung and his wife (Credit: VNA)
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NDO – Prime Minister Nguyen Tan Dung, his wife and a high-level Vietnamese delegation begin an official two-day visit to Malaysia today and will attend celebrations for Singapore’s 50th anniversary of independence on August 9 at the invitation of his Malaysian and Singaporean counterparts Najib Rajak and Lee Hsien Loong respectively.

This is an important political event, affirming the Party and State’s policy on prioritising and attaching importance to relations with neighbouring and regional countries, especially as Vietnam, Malaysia, Singapore and ASEAN member countries are intensifying efforts to launch the ASEAN Community at the end of the year.

The traditional friendship and multi-faceted co-operation between Vietnam and Malaysia has been unceasingly consolidated. The two countries signed a joint statement on comprehensive partnership in the 21st century in April 2004 and discussed elevating the relationship to a strategic partnership in September 2011.

Besides sound political ties, bilateral economic, trade and investment co-operation has seen rapid and stable development. Malaysia is now one of the ten biggest trade partners of Vietnam. Two-way trade turnover has increased sharply, reaching US$8.1 billion at the end of 2014. Malaysia currently has 493 projects operating in Vietnam with total capital of US$10.8 billion, ranking eighth among 101 nations and territories investing in Vietnam. In 2014, Vietnam exported over 500,000 tonnes of rice to Malaysia, bringing in over US$200 million. Labour co-operation is a highlight in bilateral relations with over 60,000 Vietnamese workers in the country. In addition, co-operation in security, national defence, education, training, oil and gas has seen positive developments.

The Vietnam-Singapore traditional friendship and multi-faceted co-operation has also brought in fruitful results. Both countries attach importance to promoting the bilateral strategic partnership established in September 2013 in mutual trust through meetings at all levels and extended co-operation channels.

Singapore is the third largest trade partner of Vietnam in ASEAN and the eighth in the world with US$9.8 billion in two-way trade in 2014. The country has 1,405 projects operating in Vietnam with total registered capital of over US$33 billion. Co-operation in education, training, tourism, finance, security and national defence has also achieved positive results, to the benefit of both sides.

As ASEAN member countries, Vietnam, Malaysia and Singapore have coordinated effectively at regional and international forums, especially in ASEAN, sub-regional co-operation framework and the United Nations. The three countries have proved their active roles in the bloc and joined efforts, together with other ASEAN member countries, to determine the roadmap on establishing the ASEAN Community at the end of the year.

During PM Dung’s official visit to Malaysia, Vietnamese and Malaysian leaders will discuss measures and major orientations to elevate bilateral relations.

Attending Singapore’s 50th anniversary of independence, PM Dung and the host country’s leaders will continue to tighten the sound political relations, affirm mutual trust, and consolidate and promote the Vietnam-Singapore strategic partnership, particularly in trade, labour, energy, agriculture, education, finance, services, security and national defence. They will also discuss regional and international issues of mutual concern.

Outcomes of the trip are expected to respond to the goals of each country’s people, for peace, stability, co-operation and development in the region and the world.