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Vietnam, UK boost cooperation relations

UK Minister of State for the Foreign and Commonwealth Office highlighted opportunities for cooperation.
UK Minister of State for the Foreign and Commonwealth Office Hugo Swirehas highlighted opportunities for cooperation between Vietnam and theUK thanks to their already steadfast and long-term relationship.

He expressed his hope that cooperation in education, energy andfinancial infrastructure will deepen in the coming time at theVietnam-UK Joint Economic and Trade Commission (JETCO)’s eighth sessionheld in London on March 2, aiming to seek new driving force in the twonations’ cooperative ties.

The meeting presentsan important opportunity to review the eight-year strategic partnershipbetween the two countries, Swire said.

The hostvoiced his country’s support to negotiations towards the free tradeagreement between Vietnam and the European Union, and praised theeducation incentives Vietnam devised, emphasising that it lays thefoundation for a prosperous future.

For herpart, Vietnamese Deputy Minister of Industry and Trade Ho Thi Kim Thoaspoke highly of the achieved targets set at the seventh meeting in 2014,including combating smuggling, strengthening education programmes, andbuilding capacity in the judicial sector.

Vietnam is building a legal framework allowing internationalpharmaceutical brands to exclusively distribute their products inVietnam, Thoa said, expressing her hope that the UK will accelerate theimplementation of the agreement on recognising certificates forVietnamese sailors.

The Deputy Ministersuggested the two countries improve information exchange andcommunication on methods of goods delivery and storage to enhancecooperation in goods trading.

According to Thoa,Vietnam recorded a gross domestic product (GDP) growth of 5.98 percentand per capita GDP of 2,000 USD in 2014.

Tradevalue exceeded 298 billion USD, up 12.9 percent from the same period of2013, with export value posting at 150 billion USD.

The country housed more than 17,500 projects funded by more than 100countries and territories, valued at more than 250 billion USD.-VNA

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