The UK will provide non-refundable aid sourced from the Commonwealth Foundation for the Vietnamese Construction Ministry to help the agency build smart buildings and implement smart city projects in Vietnam, said UK Prime Minister's Trade Envoy Edward Vaizey.
Deputy Prime Minister Vuong Dinh Hue and UK Prime Minister's Trade Envoy Edward Vaizey. (Photo: VNA)
Hanoi (VNA) – The UK will providenon-refundable aid sourced from the Commonwealth Foundation for the VietnameseConstruction Ministry to help the agency build smart buildings and implementsmart city projects in Vietnam, said UK Prime Minister's Trade Envoy EdwardVaizey.
Edward Vaizey told Deputy PrimeMinister Vuong Dinh Hue in Hanoi on October 5 that the UK Government attachesimportance to Vietnam’s role in cooperation and development.
The UK wishes to help improveeconomic skills for Vietnamese people, assist the country in raisingtransparent administration capacity and participate in infrastructuredevelopment using high technologies in the country, he said.
The UK is conducting procedures towithdraw from the European Union. However, benefits brought about by theEU-Vietnam Free Trade Agreement (EVFTA) to Vietnam and the UK should bemaintained at a free trade agreement between the two countries, Edward Vaizey said.
The UK is ready to push ahead withcommitments between the EU and Vietnam as the country is still an EU member,the envoy said.
He thanked the VietnameseGovernment for its support to the UK in accessing the Comprehensive andProgressive Agreement for Trans Pacific Partnership (CPTPP).
For his part, Deputy PM Hueaffirmed that the strategic partnership between Vietnam and the UK isdevelopment fruitfully.
The official also thanked the UKGovernment for its assistance to Vietnam in signing and ratifying the EVFTA,and promised that the Vietnamese Government always backs and stands ready tohelp the UK join the CPTPP.
Hue urged the two countries toenhance their bilateral trade ties as two-way trade value stood at only over6.1 billion UD in 2017, and called on the UK to expand its investment inVietnam in finance-banking given its investment capital in the country reachingonly 3.7 billion USD.
Vietnamese ministries and agenciesare willing to remove difficulties facing UK investors in Vietnam, Hue said,expressing his hope to receive more support from the Commonwealth Foundation torealise projects in Vietnam and that Vietnamese goods would penetrate moredeeply into the Mc Spencer supermarket chain.-VNA
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Deputy Prime Minister Vuong Dinh Hue and UK Prime Minister's Trade Envoy Edward Vaizey. (Photo: VNA) 
