Vietnam will create optimal conditions for UK businesses and investors

Meeting the UK official in Hanoi on February 23, the Prime Minister Nguyen Xuan Phuc pledged that Vietnam will create optimal conditions for UK businesses and investors during their operation in Vietn

Prime Minister Nguyen Xuan Phuc hoped that Vietnam’s trade, investment, and defence-security cooperation with the UK will be growing strongly following the visit by Secretary of State for International Trade Liam Fox.

He urged the UK to help speed up the official enactment of the EU-Vietnam free trade agreement, suggesting both studying a new trade pact suitable to post-Brexit situation. He said Vietnamese enterprises want to strengthen partnerships with their UK peers, who have strong capacity, experiences and technologies. He hoped that the UK will continue supporting Vietnam to train high-quality human resources and teach English, and facilitate Vietnamese students’ study there.

For his part, Mr. Fox highlighted the cooperation between Vietnam and the UK in multiple fields, including corruption prevention and fighting, administrative reform. He reiterated that the UK, after Brexit, still looks to strengthen economic cooperation with other nations by enhancing its investment overseas and ensuring free trade. He underlined cooperation potential for the two nations, particularly in commercial airplane purchase, education and training, and national defence and security.

The two nations should foster their strategic partnership in other fields, he added. The UK pledged to support Vietnam’s socio-economic development, he said, adding that this contributes to the UK’s prosperity. He expressed his hope that the two Governments will work closely together, in which the Vietnam – UK Joint Committee on Economic and Trade Cooperation is the tool to promote bilateral investment and trade exchanges.