Prime Minister Lee Hsien Loong was in Ho Chi Minh City, Vietnam from 25 to 26 September 2006 to attend the 10th Anniversary celebrations of the Vietnam-Singapore Industrial Park (VSIP) in Binh Duong province at the invitation of Vietnamese PM Nguyen Tan Dung. During his visit, PM Lee signed a commemorative plaque as well as co-witnessed the signing of a commitment letter to launch VSIP II.
During his meeting with PM Dung, PM Lee Prime Minister Lee noted that the progress made in forging stronger economic ties in a range of areas, since the signing of the Framework Agreement on Vietnam-Singapore Connectivity last December. PM Lee said that while there were already some joint projects in port and power generation, there was potential for Singapore companies to be involved in more infrastructure development projects, which were now a priority area for Vietnam as its economy expands.
PM Lee hoped that the current level of bilateral economic co-operation could be maintained. 'What's important is not just one or two projects but a continuing momentum of activities to carry our relationship forward as your economy grows and as it integrates into the South-east Asian and Asian economies,' he said.