In attendance were Vice Chairman of the municipal People’s Committee Nguyen Trong Dong and leaders of relevant departments and sectors.
Expressing his thanks for the Hanoi Party chief’s reception, Singapore’s Foreign Minister Vivian Balakrishnan congratulated Vietnam on its effective containment of the COVID-19 pandemic.
He showed his delight at Hanoi’s rapid growth, wishing to learn about the city leader’s opinions on the city’s development orientations in the coming time.
Highly speaking of initiatives voiced by the guest, Secretary of the municipal Party Committee Dinh Tien Dung said that in the first six months of the year, despite serious COVID-19 impacts, Hanoi’s gross regional domestic product (GRDP) growth is estimated at 6% and the city stays second in foreign direct investment (FDI) attraction nationwide.
During the 2018-2019 period, Hanoi took the lead nationwide in FDI attraction with the registered capital of US$7.5 billion, he pointed out.
According to the Secretary, after 25 years of the establishment of the Vietnam-Singapore Industrial Park (VSIP), Singapore has turned into one of the largest foreign investors in Vietnam and Hanoi in particular.
Currently, the capital city is home to 434 projects financed by Singaporean investors with a combined registered capital of US$7.43 billion, ranking second (after Japan).
Hanoi is working hard to improve its business and investment environment, for which the people and enterprises are major beneficiaries, Dung stated, noting that the VSIP model is suitable for the capital city.
“Hanoi is seeking Singapore’s support and experience in developing smart cities, planning, training qualified human resources, environmental protection, and urban technical investment”, the chief stated.
Agreeing with cooperation contents with Hanoi, Vivian shared with Dung his country’s practical experiences in building smart city, addressing issues related to urban infrastructures, developing social housing and preserving cultural values during the development, among others.
He also invited the Hanoi’s Party chief to visit Singapore in the coming time.
Dung expressed his thanks for Vivian’s invitation and his hope that the Singaporean foreign minister would serve as the bridge to facilitate the relations of the two countries, as well as between Singapore and Hanoi in various fields.