MM Lee shares experiences with Viet Nam

Singapore minister shares experiences

(14-04-2009)

HCM CITY — Visiting Singaporean minister Mentor Lee Kwan Yew has been sharing his country’s experiences with tackling the global economic crisis with Viet Nam.

Lee arrived in HCM City yesterday for a five-day official visit to Viet Nam at the invitation of Prime Minister Nguyen Tan Dung.

Lee told HCM City’s Party Secretary Le Thanh Hai that the Singaporean Government had put forward a programme to re-train its workers for when the economy picks up in the future.

He estimated that the present economic downturn would last until 2010. He shared with Vietnamese officials his country’s experiences with mitigating the negative impacts of the global economic crisis.

He said the crisis had provided the government with an opportunity to re-structure its economy, build new and creative economic and financial policies and produce new commodities for consumers.

In addition to measures to offset the adverse effects of unemployment, Singapore had also introduced incentives to help people return to education to boost skill levels, Lee said.

Lee said Viet Nam was in a better position than Singapore to tackle the crisis and advised the country to take advantage of the present economic downturn to train workers and improve English language levels by sending good students and lecturers abroad.

Hai said he appreciated the useful comments Lee and his colleagues had made.

He said HCM City had effectively implemented agreements signed between Viet Nam and Singapore.

He also discussed with the Singaporean guest measures that Viet Nam was introducing to boost social welfare, reduce poverty, stabilise society and stimulate investment.

Lee plans to visit the Viet Nam-Singapore Industrial Zone in Binh Duong Province before flying to Ha Noi. — VNS

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