British Minister of State for Asia and the Pacific at the Foreign and Commonwealth Office Mark Field.
(Photo: British Embassy in Vietnam)

Hanoi (VNA) – Vietnam has seen strong economic growth in the past three decades, second only to China, and this has opened up great opportunities for foreign firms, including those from the UK, to boost investment in the country.

British Minister of State for Asia and the Pacific at the Foreign and Commonwealth Office Mark Field made the comment in an article entitled “As Thailand and Vietnam lead the Asian century, it’s time for British businesses to look east” posted on City A.M financial newspaper on January 18.

Bilateral trade and investment is growing smartly, in deed, it has more than doubled since both sides inked a strategic partnership agreement in 2010, he stated, noting that “there is much more potential to be exploited”.

As the two countries are celebrating 45 years of diplomatic relations in 2018, it will provide “heavenly timing, earthly benefitting and humanly sustaining” conditions for British enterprises to display in Vietnam the best of what they have to offer in education, creativity and innovation.

Field visited Hanoi from January 4-6 and co-chaired the 6th Vietnam-UK Strategic Dialogue with Permanent Deputy Minister of Foreign Affairs Bui Thanh Son.

During his stay, he visited UK-aided works to support Vietnam’s economic development via promoting renewable energy, green finance and smart cities.

He said that the relationship with Vietnam will be broader and deeper than many would expect and the UK stands ready to provide expertise to assist Vietnam to reach its full potential.-VNA