Deputy FM tours Scotland to promote trade, investment

Deputy Foreign Minister Bui Thanh Son paid a visit on June 8-9 to Scotland, the UK, to promote Vietnamese trade, investment and tourism to the country.
Deputy Foreign Minister Bui Thanh Son paid a visit on June 8-9 toScotland, the UK, to promote Vietnamese trade, investment and tourism tothe country.

At a working session with ScottishMinister for Culture and External Affairs Fiona Hyslop, Son informed thehost about Vietnam’s socio-economic situation and future developmentdirections while underlining the country’s policy of pursuingcomprehensive international integration.

Hesuggested local authorities encourage their businesses to invest more inVietnam to make use of free trade agreements (FTA) that the SoutheastAsian country has signed and is negotiating, particularly the FTAbetween Vietnam and EU.

In response, Minister Hyslopunderlined her support to Scottish enterprises in making the most ofthe Vietnam – UK strategic partnership to enhance investment andbusiness activities in Vietnam, especially in finance, asset andinsurance fund management.

She said she willfacilitate cultural exchange and tourism between her country andVietnam, adding that Scotland is willing to share its experience infields it has strength in such as education – training, heritagepreservation, water resource management and public sector reform.

At a Vietnam-themed function, Deputy FM Son updated participants aboutthe country’s socio-economic development and investment climate andsuggested some collaboration directions for both sides.

He laid stress on finance – banking and education which are enjoyingencouraging outcomes while inviting more Scottish businesses to engagein those areas.

Representatives from the ScottishChambers of Commerce, enterprises and educational institutions alsoshowed their interest in Vietnam through questions about thecountry’s business environment, investment incentives and cooperationprospects.

Answering queries about China’s illegalplacement of the oil rig Haiyang Shiyou-981 in Vietnam’s exclusiveeconomic zone and continental shelf, the official reiterated thatVietnam pursues peaceful measures to settle this issue.

He also thanked the UK for issuing a statement supporting the EU’sstance that calls for an end to unilateral acts jeopardising peace,stability, security and safety and navigation; the compliance withinternational law; and the seeking of peaceful measures to solve theissue.-VNA

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