At the meeting, Vinh assured those in attendance that the Vietnam government would ensure the safety and security of their foreign investments and strive to simplify administrative procedures to create a business climate more conducive to their desires.

In particular, Vinh pledged to speed up the construction of the sixth VSIP in the central province of Nghe An, which is a favoured investment location for Singaporean businesses.

During the visit, both sides examined ways to remove obstacles in such fields as trade, investment, banking, aviation and others to further promote economic connectivity and mutually benefit both nations.

At the working session with representatives from International Enterprise (IE) Singapore, Vinh reviewed cooperative ties of businesses in recent times and discussed future cooperation.During a talk to promote investment in Phu Quoc, Vinh answered queries regarding the recent incidents in Binh Duong, Dong Nai, Ha Tinh and HCM City in May regarding China’s illegal placement of Haiyang Shiyou-981 oil rig in Vietnam’s exclusive economic zone (EEZ).

He also expressed his wish that Singaporean investors will continue to create a new wave of investment in Vietnam. He said the MPI is compiling a draft law on Special Economic Zones (SEZ) to facilitate investment in Phu Quoc, Van Don and Bac Van Phong.