UK to provide technical assistance in policy making capacity
The UK has agreed to provide technical assistance for Vietnam to improve
its capacity of policy-making and monetary policy management as well as
management of the commodity market through training courses, exchange
of experts and professional discussions.
The UK has agreed to provide technical assistance for Vietnam to improve
its capacity of policy-making and monetary policy management as well as
management of the commodity market through training courses, exchange
of experts and professional discussions.
This is part of agreements reached at the fifth meeting of the Vietnam-UK Joint Economic-Trade Committee (JETCO 5) that took place in Hanoi on Nov. 4 with the aim of boosting the bilateral trade relations on a par with the strategic partnership between the two countries.
The UK will also assist Vietnam in negotiations on a Voluntary Partnership Agreement under the EU’s Forest Law Enforcement, Governance and Trade (FLEGT).
In addition, the two sides are to continue discussing the possibility of negotiating and signing an agreement on recognition each other’s sailor certification.
Under the co-chair of Vietnamese Deputy Minister of Industry and Trade Tran Quoc Khanh and Edward Oakden, Managing Director of the UK Trade and Investment Agency (UKTI), the meeting took notes of cooperation results since JETCO 4, highlighting the continuous development of bilateral economic trade relations, Vietnam Airlines’ opening of direct air routes from Hanoi and Ho Chi Minh City to London in December this year and the UK Embassy’s enhancement of its capacity in granting visas for Vietnamese citizens at peak times.
The Vietnamese side updated the latest positive developments in its Public-Private Partnership (PPP) programme and explained Notice 197 and the draft revision of Decree 40 on liquor trading in response to the UK’s concerns.
The two sides discussed measures to solve difficulties for UK businesses while operating in the Vietnamese market, including issues relating to the Hong Kong-Shanghai Banking Corporation (HSBC) and Standard Chartered Bank (SCB), the granting of investment licence to Tata Steel Corus and the renewal of the mining licence of ARC-Vinacomin joint venture.
Vietnam and UK set the targets of doubling their 2010 two-way trade and bringing the UK ’s investment in Vietnam to 3 billion USD in 2013./.
This is part of agreements reached at the fifth meeting of the Vietnam-UK Joint Economic-Trade Committee (JETCO 5) that took place in Hanoi on Nov. 4 with the aim of boosting the bilateral trade relations on a par with the strategic partnership between the two countries.
The UK will also assist Vietnam in negotiations on a Voluntary Partnership Agreement under the EU’s Forest Law Enforcement, Governance and Trade (FLEGT).
In addition, the two sides are to continue discussing the possibility of negotiating and signing an agreement on recognition each other’s sailor certification.
Under the co-chair of Vietnamese Deputy Minister of Industry and Trade Tran Quoc Khanh and Edward Oakden, Managing Director of the UK Trade and Investment Agency (UKTI), the meeting took notes of cooperation results since JETCO 4, highlighting the continuous development of bilateral economic trade relations, Vietnam Airlines’ opening of direct air routes from Hanoi and Ho Chi Minh City to London in December this year and the UK Embassy’s enhancement of its capacity in granting visas for Vietnamese citizens at peak times.
The Vietnamese side updated the latest positive developments in its Public-Private Partnership (PPP) programme and explained Notice 197 and the draft revision of Decree 40 on liquor trading in response to the UK’s concerns.
The two sides discussed measures to solve difficulties for UK businesses while operating in the Vietnamese market, including issues relating to the Hong Kong-Shanghai Banking Corporation (HSBC) and Standard Chartered Bank (SCB), the granting of investment licence to Tata Steel Corus and the renewal of the mining licence of ARC-Vinacomin joint venture.
Vietnam and UK set the targets of doubling their 2010 two-way trade and bringing the UK ’s investment in Vietnam to 3 billion USD in 2013./.
You should also see
Millions of children in Vietnam protected by vaccination over 40 years: UN agencies
Millions of children in Vietnam have been protected by immunisation over the past 40 years, said the World Health Organisation (WHO) and UNICEF offices in Vietnam on April 25 when they mark the World Immunisation Week from April 24-30.
See more
Business
Vietnam-Singapore trade on the rise since start of 2024
Trade between Vietnam and Singapore topped 2.54 billion SGD (1.87 billion USD) in March, rising 4.29% year on year, according to the Trade Office of Vietnam in the city state.
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
