An official of the UK Department for Business and Trade identified green technology, fintech, health care, and many others as promising areas for deeper collaboration between Vietnam and the UK.
At the signing ceremony, Deputy Minister Phan Thi Thang affirmed that the MoU not only represents a milestone in the cooperation between the two sides but also demonstrates the ministry’s commitment to protecting consumer interests in an increasingly interconnected global marketplace.
With Ho Chi Minh City ranking 98th out of 121 global financial centres and classified as a "local specialist" in the Global Financial Centres Index (GFCI) released on March 20, Vietnam has a plethora of strategic options to develop its financial hub.
Vietnam’s plan to establish regional and international financial centres in Da Nang City and Ho Chi Minh City will not only enhance the country’s position in the regional and global financial systems but also create motives for sustainable economic growth.
The UK's University of Stirling has announced a 3.5 million GBP (4.55 million USD) initiative named AquaSoS to develop digital tools to support sustainable aquaculture in the Mekong Delta region of Vietnam, according to the British Embassy in Vietnam.
As part of his visit to the UK, on March 18, Permanent Deputy Prime Minister Nguyen Hoa Binh held meetings with British Deputy Prime Minister Angela Rayner and Speaker of the House of Commons Lindsay Hoyle.
Vietnam has the foundation and potential to successfully build an international financial center, according to Associate Professor Nguyen Dang Bang, a finance expert at the University of Cambridge’s Judge Business School.
Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.
The Vietnamese Business Association in the UK (VBUK) has announced plans to reshape the landscape of Vietnam-UK trade relations, focusing on driving business community forward, fostering its unity and strengthening connections with their Vietnamese partners both at home and abroad.
Vietnam and the UK have identified trade and investment cooperation as an important pillar of their Strategic Partnership and will step up measures to ramp up economic cooperation in the coming time.
The Binh Minh Organic Agricultural Co-operative, located in Tuyen Quang province's Yen Son district, is well-known in the area for getting off on the right foot: organic farming has been their focus right from the beginning.
Vietnamese goods have steadily established a strong presence in the UK, with exports to this demanding market continously growing since 2021, said Hoang Le Hang, First Secretary of the Vietnam Trade Office in the UK.
Vietnamese export businesses need to prepare for the United Kingdom (UK)’s carbon border adjustment mechanism (CBAM), which will take effect from 2027.
Together with the UK - Vietnam Free Trade Agreement (UKVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will create new opportunities for companies and consumers in the UK and Vietnam, affirmed British Ambassador to Vietnam Iain Frew.
The UK-Vietnam Free Trade Agreement (UVFTA) is one of the key drivers boosting the growth of Vietnam’s timber and wood product exports to the UK, industry experts have said.
The State Audit Office of Vietnam (SAV) wishes to foster cooperation with the National Audit Office (NAO) of the UK, especially in the fields of specialised auditing, information technology application in auditing activities, and human resources training, stated Auditor General Ngo Van Tuan at his recent meeting with British Comptroller and Auditor General Gareth Davis in London.
Vietnam is the second-largest supplier of coffee to the United Kingdom (UK). The average export price of Vietnamese coffee to the UK in the first half of 2024 reached 3,941 USD per tonne, an increase of 68.4% compared to the same period last year.
Vietjet and Airbus on July 22 officially signed a contract for the purchase of 20 new-generation wide-body A330neo (A330-900) aircraft, totaling 7.4 billion USD by the manufacturer’s list price, at the Farnborough International Airshow 2024 in the UK.
Vietnam's digital payment ecosystem is undergoing a remarkable transformation, driven by a tech-savvy population, government initiatives, and innovative financial solutions, according to finextra.com, a leading UK newswire and information source for worldwide financial technology.
A delegation of the central province of Nghe An led by Secretary of its Party Committee Thai Thanh Quy paid a working visit to the UK from June 11-13 to seek ways to strengthen bilateral cooperation, especially in trade, investment, hi-tech agriculture, tourism, and education.
Eight Vietnamese enterprises are showcasing their food and beverage products at the International Food and Drink Expo (IFE) 2024 in London, the UK from March 25 – 27.
The Vietnam-UK Business Forum 2023 took place in Hanoi on November 24, as part of activities held by the Joint Committee on Economic and Trade Cooperation between Vietnam and the UK (JETCO) to celebrate the 50th anniversary of their diplomatic ties.
