UK businesses seek cooperation opportunities in Vietnam

As many as 50 UK businesses joined an online meeting to get updates on socio-economic situation in Vietnam as well as developments in the Vietnam-UK relations, and seek opportunities to cooperate with Vietnamese partners in the future.
UK businesses seek cooperation opportunities in Vietnam ảnh 1Vietnamese Ambassador to the UK Tran Ngoc An briefs participants on the COVID-19 pandemic fight in Vietnam (Photo: VNA)

London (VNA) – As many as 50 UK businesses joinedan online meeting to get updates on socio-economic situation in Vietnam as wellas developments in the Vietnam-UK relations, and seek opportunities to cooperatewith Vietnamese partners in the future.

At the meeting, held by the Vietnam-UK Network, VietnameseAmbassador to the UK Tran Ngoc An briefed participants on the COVID-19 pandemicfight in Vietnam.

He said that initial success in the fight has helped Vietnamminimise the pandemic’s negative impacts and maintain business and productionactivities, enabling the country to attract more investment.

The ambassador held that although the pandemic has ravagedthe world over the past eight months and affected many plans of activities,Vietnam and the UK have maintained close coordination with each other.

Vietnamese Deputy Prime Minister and Foreign Minister PhamBinh Minh and UK Foreign Secretary Dominic Raab had a phone call in Mid-July,during which Raab thanked the Vietnamese side for curing British COVID-19patients and presenting face masks to UK hospitals and social organisations.

Raab affirmed that Vietnam is an important partner in theUK’s foreign policy for Asia-Pacific and Southeast Asia, while showing his hopefor stronger partnership between the UK and the ASEAN.

Minh affirmed that as the Chair of the ASEAN in 2020,Vietnam will support partners, including the UK, to bolster collaboration withthe grouping.

Regarding the Vietnamese economic situation, An said that TheEconomist magazine listed Vietnam among five economies with highest economicgrowth in the world in 2018, 2019 and 2020. Meanwhile, the Asian DevelopmentBank (ADB) estimated Vietnam’s GDP growth at 4.8 percent in 2020 and 6.8percent in 2021, the fastest expansion in Southeast Asia and the world.

Vietnam’s GDP growth in the first six months of 2020 reached1.81 percent, led by the strong performance of major sectors such as industry,production and processing, he said, expressing his belief that the EU-VietnamFree Trade Agreement, which took effect on August 1, 2020, will open up plentyof chances for Vietnam and UK firms.

At the meeting, some businesses held that Vietnam’s smallenterprises should apply digital technology for higher efficiency. They alsodiscussed measures to increase the number of Vietnamese tourists to the UK.

Vice Chairman of the Vietnam-UK Network Paul Smith presenteda survey showing that UK businesses are interested in Vietnamese sectors offood and beverage, pharmaceuticals, education, health care, finance, banking,financial technology, tourism, artificial intelligence, environmentalprotection and renewable energy./.
VNA

See more

Swiss-Viet Economic Forum members (Photo: VNA)

Swiss-Viet Economic Forum helps boost bilateral collaboration

The Swiss-Viet Economic Forum (SVEF) set goals for 2025, focusing on continuing to serve as a bridge to strengthen economic and cultural relations between the two countries at an event on January 15 to celebrate the first anniversary of its establishment.

Workers at a Taiwanese company in An Duong industrial part, Hai Phong city. (Photo: VNA)

Hai Phong, Quang Ninh attract 7.82 billion USD in FDI in 2024

With 7.82 billion USD in foreign direct investment lured in 2024, the port city of Hai Phong and the northeastern province of Quang Ninh continued affirming their strong attraction as the two pillars of the northern economic triangle, that includes Hanoi.

TPBank secures 120 million USD loan from JICA. (Photo courtesy of JICA)

TPBank secures 120 million USD long-term loan from JICA

The Japan International Cooperation Agency (JICA) officially signed a loan agreement with the Tien Phong Commercial Joint Stock Bank (TPBank) under the Private Sector Investment Finance (PSIF) project on January 14.

Kim Long Motor Hue JSC and Changan Automobile Group sign a cooperation agreement on building a factory. (Photo: VNA)

New passenger car factory to be built in Hue

Kim Long Motor Hue Joint Stock Company and Changan Automobile Group (China) on January 14 signed a cooperation agreement to build a passenger car factory at an industrial park in the central city of Hue that will be capable of producing 50,000 vehicles per year.

Illustrative photo (Photo: VNA)

Quang Ninh sets land clearance as priority for FDI attraction

The northern province of Quang Ninh is on a mission to cement its status as one of Vietnam's premier destinations for foreign direct investment (FDI), with a strategic focus on land clearance for industrial park infrastructure projects this year.

Deputy Prime Minister Tran Hong Ha at the 12th meeting of the national steering committee for IUU fishing prevention and control on January 14 (Photo: VNA)

Deputy PM orders enhanced fishery management tools

Deputy Prime Minister Tran Hong Ha has asked the Ministry of Agriculture and Rural Development to complete the comprehensive integration and smooth connectivity to the national fisheries database (VN-Fishbase), vessel monitoring system (VMS), and electronic traceability system (eCDT) in Q1, ensuring seamless data flow from central to local authorities, a move to clamp down on illegal, unreported and unregulated (IUU) fishing.