Seeking More Investment from UK

As part of a recent working visit to three European countries (Sweden, the United Kingdom and Spain), a delegation of Vinh Phuc province, led by Mr. Dang Xuan Phong, Secretary of the Provincial Party Committee, hosted an investment promotion conference in London, the capital of the UK.

The delegation from Vinh Phuc province during their working visit to the UK

The delegation included leaders from the Provincial People’s Committee, representatives from various provincial agencies and localities. The conference was attended by Mr. Do Minh Hung - Ambassador of Vietnam to the United Kingdom of Great Britain and Northern Ireland (concurrently accredited to Ireland), Mr. Karim Fatehi - Chief Executive of the London Chamber of Commerce and Industry (LCCI), representatives of some UK-based businesses, investors, organizations and associations.

In his opening speech, Ha Quang Tien, Vice Chairman of the Provincial People’s Council, emphasized that, with the desire to expand global investment opportunities, Vinh Phuc province organized this investment promotion delegation to the UK to strengthen diplomatic and economic relations while introducing and promoting the province’s investment environment, investment opportunities and investment policies to businesses and investors in the UK, including London.

London is known as one of the world’s major economic, financial and commercial centers, with a long-standing history and rich cultural diversity. The city is home to a wide array of businesses and investors across various sizes and sectors, including many multinational corporations with global reach. Therefore, this is a valuable opportunity for Vinh Phuc to showcase and deliver its strengths and investment opportunities to international businesses and investors, particularly in high-tech industries, semiconductors, AI, capital-intensive industries, emerging technologies, new materials, electric vehicles, commerce, services, finance, education and healthcare.

Ambassador Do Minh Hung highlighted the long-standing friendship between Vietnam and the UK, stressing the economic potential and strengths of both sides. He also spoke highly of Vinh Phuc’s recent socioeconomic achievements, noting that the province is one of the most promising destinations for UK investors. He affirmed that he and related agencies will take practical actions to further strengthen Vietnam-UK partnership as well as the ties between Vinh Phuc and UK investors.

Expressing his admiration for the land and people of Vinh Phuc, Mr. Karim Fatehi, Chief Executive of LCCI, said that businesses from Vietnam and the UK, including London and Vinh Phuc, possess unique their own potential and strengths which are fundamentally interconnected for joint development, especially in the current era of globalization.

Secretary of the Provincial Party Committee Dang Xuan Phong stressed that Vinh Phuc holds all necessary potential and advantages to grow stronger and further on its development journey. However, he noted that translating those potential and advantages into tangible outcomes requires strong collaboration from relevant agencies and especially from the business and investor community - a key driver of the province’s development.

He said, Vietnam is entering a new era - the era of the nation’s rise. In proportion to this trend, Vinh Phuc, as one of the leading provinces in attracting foreign investment and promoting international integration, and as one of the leading industrial centers in northern Vietnam and in the northern key economic region, always places high priority on attracting investment and fostering socioeconomic development.

With the motto “Every investor in Vinh Phuc is the citizen of Vinh Phuc; the success of businesses is the success of the province,” Vinh Phuc is committed to keep siding with investors, building a transparent and favorable business environment, and applying practical support policies. The province is always ready to capture and resolve challenges and provide the best conditions for businesses to thrive sustainably in the locality.

By Huong Hau, Vietnam Business Forum