Forum connects Vietnam-UK businesses
The Vietnam Chamber of Commerce and Industry (VCCI) has coordinated with the British Embassy in Hanoi to hold a forum between the two countries’ business circles to seek business and investment cooperation.
The forum took place in Hanoi on September 30 as part of activities marking the 40th anniversary of Vietnam–UK diplomatic relations.
Speaking at the forum, Vice Standing Chairman of the VCCI Hoang Van Dung valued British firms’ cooperation in such areas as education, finance and banking in Vietnam.
The UK ranks fourth among European countries investing in Vietnam with 163 projects, capitalised at US$2.69 billion. A number of its businesses in banking, oil and gas, insurance, and especially education, have gained a firm foothold in Vietnam, he added.
Vietnam and the UK are striving to bring their two-way trade turnover to US$4.5 billion this year. Vietnam exports garments, tea, coffee and farm produce to the UK while importing machinery, medicine, and other products from the country
The UK Prime Minister’s Trade Envoy for Vietnam, Laos and Cambodia, Lord Puttnam said Vietnam has a high economic growth, and UK businesses consider the Southeast Asian country a potential destination for investors. He expressed hope that the business circles of the two countries will develop an effective strategy for investment cooperation.