Vietnam Vows to Further Facilitate British Biz

Vietnam will continue creating favorable conditions for British businesses to engage in long-term investment in the country, said Prime Minister Nguyen Tan Dung while meeting the UK’s Secretary of State for Business, Enterprise and Regulatory Reform of the UK, John Hutton, in Hanoi June 2.

 

The Vietnamese government will further bilateral cooperation in economy, trade, investment, education and training, particularly in executing agreements reached during the PM’s recent visit to the UK to bring in practical benefits for both sides, said the PM.

 

While noting the declining world economy has negative impacts on Vietnam, particularly in triggering inflation and increasing trade deficit, the PM hoped that the UK will share experiences with Vietnam in developing the economy and curbing inflation.

 

Secretary of State Hutton said that the two countries have great opportunities for cooperation, especially in economy, trade, and education and training, adding that the UK is willing to share experiences with Vietnam in developing economy and countering inflation.

 

Many British businesses are keen on investing in finance, banking and heavy industries in Vietnam, Hutton said.

 

Some of the big British names that have reaped success in Vietnam so far include BP, Shell, BAT, Tate & Lyle, Prudential, HSBC and Standard Chartered Bank. (Liberated Saigon, VNA)