Vietnam, UK share experience in financial fieldFriday, July 5,2019
AsemconnectVietnam - The United Kingdom is willing to provide technical assistance to help increase the efficiency of the Vietnamese economy, and intensify cooperation with the country in preventing money laundry, UK Chancellor of the Exchequer Philip Hammond said on July 3.
Dung briefed the host on Vietnam’s economic situation as well as measures its Government has taken to boost sustainable economic growth, reduce public debts, maintain low inflation, step up economic restructuring and attract more direct and indirect investments.
The host showed his interest in the equitisation of State-owned enterprises in Vietnam.
The Vietnamese delegation also had a working session with CEO & Director-International Development at London Stock Exchange Plc Nikhil Rathi, during which SSC Chairman Tran Van Dung said that the UK’s indirect investment in Vietnam, at nearly 1 billion USD, is quite modest compared to UK investors’ potential and the Vietnamese market’s absorption capacity.
Therefore, the promotion of investment in London is of significance to increase the UK’s indirect investment in Vietnam, he added.
The UK is the second biggest European investor in Vietnam, after the Netherlands, with 267 FDI projects worth 3.75 billion USD, and Vietnam’s third largest trade partner in Europe after Germany and the Netherlands.
The two sides have signed an agreement on double taxation avoidance and another on investment protection and promotion, and are working to speed up the signing of a free trade agreement.
EVFTA opens wide spectrum of healthcare opportunities
Minimum Wages in ASEAN: How Are They Calculated?
US-China trade deal forces firms to grow
Vietnamese artists gather for New Year's Eve performance
Recommendations for EU-Vietnam FTA, IPA adopted
Vietnam joins 11th Int’l Plastics Exhibition 2020 in India
Press Statement by Chairman of ASEAN Foreign Ministers’ Retreat
The Australia-Hong Kong Free Trade Agreement (A-HKFTA) enters into force on 17 January 2020
Vietnam to steer Asean towards economic peace
Applications open for 12th WIPO-WTO Advanced Course on Intellectual Property
Austria gives EUR 200,000 to further developing countries’ negotiating capacity
Brexit: Australian trade minister 'can't imagine' visa-free travel deal with UK
CPTPP not proving a hit across the board
Vietnam, Japan look to stronger investment links