Prime Minister Pham Minh Chinh confirmed to create favorable conditions for Singaporean businesses to expand investment in Vietnam with priority given to the fields of high technology, digital economy, circular economy, innovation, semiconductor and AI, the Vietnam News Agency has reported.

PM Chinh made the confirmation during talks held with his Singaporean counterpart Lawrence Wong for the first time on October 9 within the framework of the annual meeting of the two government leaders on the sidelines of the 44th and 45th ASEAN Summits and Related Summits in Vientiane, Laos.

The two leaders stressed that economic cooperation remains an important pillar in the bilateral relationship.

They agreed to coordinate to effectively implement the Framework Agreement on connecting the two economies and the Vietnam - Singapore green economy - digital economy partnership, especially telecommunications infrastructure connectivity, while developing the sustainable and smart VSIP 2.0 system and clean energy.

PM Chinh called for Singapore's assistance to Vietnam in building a national innovation center for data science, saying the two sides should collaborate in food production, supply chain logistics, and aquaculture, aiming to become a regional food supply hub.

As Vietnam was Singapore’s largest rice supplier in the first half of this year, PM Wong expressed his hope for stronger bilateral cooperation in agriculture and food security, saying Singapore is ready to import fruits, food, and seafood from Vietnam.

He pledged to help Vietnam improve the quality of its workforce, especially at the strategic level, maintain scholarships at various levels for the country, and effectively implement the Memorandum of Understanding on the Innovation Talent Exchange Program between the two countries.