Post-pandemic business, investment opportunities shared with UK firms
Business and investment opportunities in Vietnam after the COVID-19 pandemic were discussed at a video talk held on May 29 by the Foreign Ministry, the Vietnamese Embassy in the UK and Asia House - a UK centre of expertise on trade, investment and public policy in Asia.
Deputy Foreign Minister Bui Thanh Son speaks at the talk (Source: VNA)
Hanoi (VNA) – Business and investment opportunities in Vietnam afterthe COVID-19 pandemic were discussed at a video talk held on May 29 by theForeign Ministry, the Vietnamese Embassy in the UK and Asia House - a UK centreof expertise on trade, investment and public policy in Asia.
The event saw thepresence of Deputy Foreign Minister Bui Thanh Son, Asia House Chief ExecutiveMichael Lawrence, and business executives from around 40 UK groups and majorenterprises such as HSBC, De La Rue, KPMG, Prudential, and Standard Chartered.
The talk is a valuablechance to connect UK businesses and Vietnamese Government agencies, said Son,adding that it helps popularise information about policies and increasecooperation opportunities in the context of the two countries taking drasticmeasures to control the COVID-19 and recover their economies.
He told participantsthat Vietnam is working on a “dual target” of disease prevention and economicrecovery and development, with a hope for a 5-percent economic growth this year.
The Government hastaken urgent measures to boost production and business, and improve theinvestment environment, especially Prime Minister Nguyen Xuan Phuc’s decisionto set up a special working group on post-COVID-19 investment promotion, hestated.
The Governmentofficial stressed that Vietnam and the UK can further develop their strategicpartnership, particularly in economics and trade, given opportunities broughtby Brexit.
He also suggested UKinvestors seize opportunities brought about by Vietnam’s post-COVID-19 economic andtrade incentives, the shifting of the supply chain from other countries toVietnam, and the enforcement of new-generation free trade agreements such as theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)and the EU-Vietnam Free Trade Agreement (EVFTA).
At the talk, UKbusinesses showed their interest in the bilateral cooperation, investmentopportunities, and Vietnam’s new trade and investment promotion policies./.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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Deputy Foreign Minister Bui Thanh Son speaks at the talk (Source: VNA) 
