Wednesday, August 16, 2017 - 20:35:00

Da Nang, UK forge partnerships

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Illustrative image (Source: VNA)

Da Nang (VNA) – The Da Nang People’s Committee together with the British Consulate in Ho Chi Minh City and the British Business Group Vietnam (BBGV) held a conference to discuss trade opportunities between Da Nang and the UK, in the central city on June 3.

Bilateral trade revenue between the sides hit 30.3 million USD in 2015. Da Nang mostly exported seafood, apparel, rubber products and handicrafts to the UK.

British companies have so far invested 1.6 million USD in nine projects in Da Nang on information-technology, consultancy and import-export. Six local firms secured import-export affiliations with British partners.

Vice Chairman of the municipal People’s Committee Phung Tan Viet said room for the development of bilateral partnerships remains extensive, adding that Da Nang is committed to creating favorable conditions for British investors.

Ian Gibbons, British Consul General in Ho Chi Minh City, said that the sides have made good progress and that he believes in the future growth of their trade ties.

At the conference, the management board of Da Nang high-tech park and the BBGV signed a memorandum of understanding on cooperation.-VNA
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