Vietnam seeks deepened ties with Brunei, Singapore
The upcoming State visits to Brunei and Singapore by President Tran Dai Quang aim to realise the foreign policy set forth by the 12th Party Congress and deepen relations with the two ASEAN member countries. Vietnam and Brunei established diplomatic ties on February 29, 1992. Since then, the two countries regularly exchanged visits and high-ranking meetings. Bilateral economic, trade and investment cooperation has made big strides with two-way trade jumping from 24.2 million USD in 2010 to 73.7 million USD in 2015. The figure hit 17 million USD as of June 2016. Vietnam mainly exports seafood and rice to Brunei while importing chemicals from the country. As of June 2016, Brunei has run 205 projects valued at more than 2.18 billion USD in Vietnam, ranking 18th out of 116 countries and territories investing in the country and fourth among other ASEAN investors, behind Singapore, Malaysia and Thailand.
