Vietnam, UK vow efforts to foster bilateral trade

The Vietnam-UK Joint Economic and Trade Committee (JETCO) has held the 10th meeting in Manchester, where the two sides affirmed their commitment to efforts to promote bilateral trade.

Deputy Minister of Industry and Trade Hoang Quoc Vuong, head of the Vietnamese sub-committee, and Minister of State for Trade Policy Greg Hands, head of the UK sub-committee, co-chaired the meeting on June 11.

At the event, the two sides discussed cooperation in education – training, culture – tourism, agriculture, finance, renewable energy, intellectual property, market control and counterfeit prevention.

They affirmed the commitment to making efforts to bolster bilateral trade as expected in the joint statement on the Vietnam-UK strategic partnership, signed in 2010.

As part of the meeting, the Vietnam-UK Business Forum was held by the UK Department for International Trade, the administration of Manchester city, the UK-ASEAN Business Council and the Vietnamese side. It attracted representatives of more than 100 UK enterprises who showed their interest in renewable energy and education cooperation with the Southeast Asian nation.

During their working visit, the Vietnamese delegation also attended the international business festival in Liverpool on June 13 and had a meeting with Vietnamese and UK firms in London on June 14. 

JETCO is one of the effective dialogue channels helping to tackle barriers to bilateral trade and creating a more optimal business climate for the two countries’ businesses.