Prime Minister Pham Minh Chinh and Vietnamese delegates will attend the World Economic Forum's 54th annual meeting later this month.

The visit also takes on the significance of Vietnam's "Developing relations between Vietnam and Middle Eastern and African countries in the 2016-2025 period" project.

Vietnam is an active member of the International Maritime Organization that should be taken as an example of pursuing sustainable development.

Vietnamese leaders talked about the prospect of a relationship that benefits not only the two countries but the Indo-Pacific region.

The move would help create a driving force for economic growth across the three pillars of investment, exports and consumption.

The visit opens the year marking the 50th anniversary of bilateral relations and 10 years of the Strategic Partnership.

During the three-day visit to Singapore, Prime Minister Pham Minh Chinh and his Singaporean counterpart Lee Hsien Loong will witness the signing of bilateral agreements that will further strengthen the multifaceted cooperation between Singapore and Vietnam.

The two countries are determined to boost economic ties by expanding investment, mostly in border localities.

Most of the Norwegian companies presenting in the international exhibition have been active in Vietnam, while others are exploring investment opportunities in the Southeast Asian country.