Singapore, VN Boost Cooperation in Innovation, Technology

2:00:27 PM | 3/20/2019

Vietnamese Minister of Planning and Investment Nguyen Chi Dung and Singaporean Minister for Trade and Industry Chan Chun Sing co-chaired at the 14th ministerial meeting on economic connectivity between the two countries in Singapore on March 13.

Viet Nam asked Singapore to join efforts to implement new initiatives in the agreement on economic connectivity and encourage Singaporean businesses to put forth new cooperation proposals and increase investment in Viet Nam.
The two ministers agreed that aside from the six priority areas of cooperation, Viet Nam and Singapore will add innovation and technology as the seventh field of collaboration as a priority in the context of the Fourth Industrial Revolution (Industry 4.0).

VN, Singapore will develop action plans with the implementation of specific joint projects.

The Singaporean side suggested reforming cooperation in education and training associated with technology. Specifically, Singapore will provide 50-100 scholarships for outstanding Vietnamese students to study at its leading technology universities.

Both sides affirmed that economic partnership is one of the key pillars to promote and further deepen the strategic partnership between the two countries.

In addition, they reviewed the outcomes of bilateral cooperation in six fields raised at the 13th meeting in Ha Noi in October 2017, namely finance, education and training, transportation, information technology and communications, investment, trade, and services.

Source: VGP