NA Chairman vows favourable conditions for Vietnam-UK trade ties

Vietnam is willing to create all favourable conditions for investors of the UK to operate in the Southeast Asian country, National Assembly (NA) Chairman Vuong Dinh Hue told UK Secretary of State for International Trade Anne – Marie Trevelyan during their meeting on June 29 (local time).
NA Chairman vows favourable conditions for Vietnam-UK trade ties ảnh 1Chairman Vuong Dinh Hue (R) and UK Secretary of State for International Trade Anne – Marie Trevelyan (Photo: VNA) 

London (VNA) – Vietnam is willing to create all favourable conditions for investorsof the UK to operate in the Southeast Asian country, National Assembly (NA) Chairman Vuong DinhHue told UK Secretary of State for International Trade Anne – Marie Trevelyan during their meetingon June 29 (local time).

Hue is on an official visit to the UK fromJune 28 - 30 at the invitations of Speaker of the House of Lords John McFalland Speaker of the House of Commons Lindsay Hoyle.

TheVietnamese top legislator highlighted the significance of the signing of the UK– Vietnam Free Trade Agreement (UKVFTA), and initially positive results broughtby the trade deal to economic, trade and investment cooperation between the twocountries.

Hesaid economic, trade and investment cooperation between the two countries is stillmodest, proposing both sides to fully tap cooperation potential and effectivelypromote commitments in UKVFTA.

TheVietnamese NA will always support and accompany the Government to promotecooperation between the two countries, he affirmed.

Thetwo officials agreed that there remains a large room for Vietnam and the UK toexpand cooperation, especially economic, trade and investment ties.

For herpart, Trevelyan expressed her pleasure that the two countries have signed the UKVFTA after Brexit. She thanked NA Chairman Hue, who is former Deputy PrimeMinister, for his support and important contributions to accelerating the negotiationand ratification of this agreement.

According to the UK official, her country is conducting negotiations to jointhe Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the resultsso far have been positive.

TheUK is also focusing its trade activities on the Indo-Pacific region, in whichVietnam holds an important position, not only as a bilateral partner but also amember of the CPTPP, she said.

Greenand renewable energy is one of the areas that British businesses are veryinterested in expanding cooperation with Vietnam, she noted, showing her hopethat this cooperation will be stronger in the future.

Agreeingwith the UK official, Hue stated that Vietnam is willing to shareits experience in joining the CPTPP with the UK.

The energycooperation between Vietnam and the UK will be further strengthened in thecoming time, he affirmed./.

VNA

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