Vietnam – promising market for UK businesses

Fiona Woolf, Lord Mayor of the City of London, and the UK’s leading businesses will have a working visit from October 5-7 to Vietnam, an important market for British investors.

According to the Lord Mayor, this is a crucial moment for the UK’s economic relationship with Vietnam, that there are many opportunities for both to stimulate growth by working more closely together.

Regional ties necessitate customs reform to streamline integration

Experts are calling for Vietnam and other ASEAN countries to modernise customs procedure and policy, which would speed up integration as the 2015 deadline for the bloc to reach full connectivity draws near.

According to the World Economic Forum's report on Enabling Trade in the Greater ASEAN Region (2010), non-tariff measures are considered one of the most significant obstacles to expanding intra-ASEAN trade and pursuing further economic integration.