Vietnam, Singapore underline economic ties
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Vietnam, Singapore underline economic ties
On 12 January 2010, Vietnam and Singapore manifested their strong economic ties by signing several cooperation agreements at the witness of Prime Minister Nguyen Tan Dung and his Singaporean counterpart Lee Hsien Loong, who arrived in Hanoi on the same day for an official visit.
In a ceremony organized at the Government Office in Hanoi on Tuesday graced by the two Government leaders, the two countries signed four agreements, the Vietnam News Agency reported.
These included a joint venture contract between Keppel Land and Tien Phuoc Co. Ltd. to develop an environmentally-friendly residential area in HCMC, another joint venture contract to develop a new residential complex in Hanoi between CapitaLand Commercial and Vietnam’s Hoang Thanh Investment and Infrastructure Decelopment Company, and a contract to supply crude oil storage facilities between EOC Limited and Vietnam’s PetroVietnam Transportation Corp.
In addition, Singapore’s United Overseas Bank also inked a deal with Hanoi National University to provide interest-free loans to the school’s students. The two prime ministers also witnessed the award of a license to Singapore’s bank DBS to start up its operation in Vietnam.
Before the signing ceremony, the two Government leaders held talks, and both sides pledged to bolster multi-faceted cooperation.
PM Dung suggested Singapore join forces with Vietnam in attracting foreign investment from third countries into the two countries to better utilize comparative advantages in Vietnam and Singapore, according to the news agency.
The two prime ministers also appreciated the success of Vietnam-Singapore Industrial Parks (VSIP), considering these parks as a token of successful economic cooperation between the two countries. Both leaders will today join a ceremony for the launch of VSIP Hai Phong in the northern port city.
PM Lee Hsien Loong extended congratulations to Vietnam for taking over the chair of ASEAN in 2010, and pledged to render support to Vietnam to accomplish the role of ASEAN presidency.
While in Hanoi on Tuesday, the Singapore leader also had a meeting with Vietnam’s Party chief Nong Duc Manh.
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Starwood signs First Le Meridien Hotel in Vietnam with Tien Phuoc & 990 Company Limited.
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Starwood signs First Le Meridien Hotel in Vietnam with Tien Phuoc & 990 Company Limited.
On 31 August 2009, Le Meridien has signed its first hotel in Vietnam, Le Meridien Saigon. Owned by Tien Phuoc & 990 Company Limited, the hotel is scheduled to open in July 2012.
HCMC 31st Aug 2009, Le Meridien has signed its first hotel in Vietnam, Le Meridien Saigon. Owned by Tien Phuoc & 990 Company Limited, the hotel is scheduled to open in July 2012.
Le Meridien Saigon is part of a mixed-used 22-storey tower comprising of the hotel and office space. The hotel will feature 350 guest rooms, 4 restaurants and bars, a health club, an outdoor swimming pool, spa and close to 800 square meters of meeting space.
Located on Ton Duc Thang Street, in the heart of Ho Chi Minh City and along the Saigon River, Le Meridien Saigon will be within walking distance to the commercial and entertainment districts of the city and about a 45-minute car ride from Tan Son Nhat International Airport.
Miguel Ko, Chairman and President of Starwood Hotels & Resorts, Asia Pacific, said, “Vietnam is amongst the fastest growing nations in Southeast Asia and in the world and has been experiencing strong leisure and business travel within and into the country. The growing demand presents us with tremendous opportunities to better serve the needs of travelers.”
