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Submitted by ctv_en_4 on Tue, 01/12/2010 - 08:44
Singaporean Prime Minister Lee Hsien Loong arrived in Hanoi on January 12, beginning a four-day visit to Vietnam at the invitation of Prime Minister Nguyen Tan Dung.

He is scheduled to hold talks with Mr Dung and meet with other senior Vietnamese leaders.

Vietnam and Singapore established diplomatic ties in 1973. They signed a joint statement on the framework of comprehensive cooperation in the 21st century, laying a legal foundation for promoting bilateral friendship and cooperative ties.

Singapore is Vietnam’s third largest trading partner, with two-way trade in 2008 reaching US$12 billion, up 23 percent against 2007. Between January-October 2009, bilateral trade only fetched US$4.9 billion due to adverse effects of the global economic recession.

By November 2009, Singapore had 763 operational projects in Vietnam capitalized at US$17 billion, ranking fifth amongst foreign investors in the latter.

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