Top legislator receives United Overseas Bank leader in Singapore
Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man received Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of United Overseas Bank (UOB) – one of the world’s top banks, within the framework of his ongoing official visit to Singapore on December 2.
Chairman of the Vietnamese National Assembly Tran Thanh Man (R) receives Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of United Overseas Bank (UOB). (Photo: VNA)
Singapore (VNA) – Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man received Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of United Overseas Bank (UOB) – one of the world’s top banks, within the framework of his ongoing official visit to Singapore on December 2.
Appreciating the bank's investment activities in Vietnam since 1993, Man highlighted that the country prioritises the development of green finance, high technology, renewable energy, and green energy; and is always ready to create favourable conditions for foreign businesses, including UOB, to expand their investment activities in these sectors.
As Vietnam is researching the establishment of international financial centres in Ho Chi Minh City and Da Nang city, it hopes to learn from the experiences of other countries, including Singapore, on this model.
Informing the UOB leader of the Vietnamese legislature’s approval of the amended Law on Credit Institutions and the amended Land Law, the top Vietnamese legislator affirmed that the timely amendments and enactment of laws, especially those related to investment and business, aim to provide a favourable legal framework for both domestic and foreign investors to promote production and business activities in Vietnam.
He noted that with its strengths in aviation, seaports and finance-banking, Singapore is currently the fourth-largest trade partner of Vietnam in ASEAN and has more than 3,800 active investment projects totalling 81 billion USD in Vietnam.
Wee Ee Cheong stressed that Vietnam is always one of the top markets where UOB seeks to establish long-term cooperation and investment relationships.
As the only Singaporean bank operating in Vietnam, UOB aims to further increase its presence by opening a branch in Ho Chi Minh City – one of Vietnam's future international financial hubs, with a goal to continue providing financial services to foreign-invested businesses that have been, or will be operating and doing business in the country, thereby contributing to generating more jobs for the local workforce.
⛦ He expressed his hope and expectations that the group will continue to receive support and facilitation from the Party, State, and especially the National Assembly of Vietnam in promoting and expanding effective and successful investment and business activities in the country./.
National Assembly (NA) Chairman Tran Thanh Man on December 2 received Lee Ark Boon, CEO of Singapore’s Sembcorp Development and Chairman of VSIP Group, as part of the top legislator’s ongoing official visit to Singapore.
National Assembly Chairman Tran Thanh Man and his spouse Nguyen Thi Thanh Nga, along with a high-ranking delegation of the Vietnamese legislature, arrived in Singapore on December 1 afternoon, beginning an official visit to the country.
National Assembly (NA) Chairman Tran Thanh Man's official visits to Japan and Singapore are expected to strengthen the Vietnam-Singapore strategic partnership and the Vietnam-Japan comprehensive strategic partnership, and foster friendship and effective cooperation between Vietnam and the two Asian countries across all sectors, according to Vice Chairwoman of the NA Committee for External Relations Le Thu Ha.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
