AloTrip

Where do you travel?

trustpilot

Vietnam - UK Economic Cooperation boosted

Wed, 04 Mar 2015. Last updated Thu, 25 Jun 2015 09:01

Related stories

The eighth session of UK-Vietnam Joint Economic and Trade Committee (JETCO) took place in the afternoon of March 2nd in London to seek new appeals to promote Vietnam - UK Economic Cooperation.

The eighth session of UK-Vietnam JETCO took place under the chairmanship of UK Secretary of State - Hugo Swire and Deputy Minister of Vietnam Ministry of Industry and Trade - Ho Thi Kim Thoa. Speaking at the committee, Mr. Swire stated that UK and Vietnam have long-term relationship. Besides, two countries have many favorable conditions to better develop the relation. UK is one of the countries giving great support for Vietnam in the process of negotiating free trade agreement between Vietnam and EU. The country hope that this FTA will be signed in the near future.

 

UK-Vietnam strategic dialogue

 

Expressing a wish to achieve more progress in UK - Vietnam areas of cooperation such as education, energy, financial infrastructure, Secretary of State Swire stated the 8th JETCO created an important opportunity to review all areas of cooperation in the spirit of the strategic partnership.  He also shared that on his visit to Vietnam to participate in UK-Vietnam strategic dialogue, he saw Vietnam desire of economic development and prioritized policy for education. According to Swire, these are important premises to lay the foundation for a prosperous future.

On the side of Vietnam, Deputy Minister Ho Thi Kim Thoa highly appreciated the efforts of two countries to build more favorable environment for enterprises of both side. Vietnam Deputy Minister said that in 2014, the growth of Vietnam GDP reached 5.98%, meanwhile, GPD per capita first time reached the number of over 2,000 USD. Regarding to trade, the value of Vietnam export in the past 20 years increased more than 20 times. In 2014, the export and import turnover of Vietnam reached more than 298 billion dollars (an increase of 12.9%), in which, the export was 150 billion dollars (an increase of 13.6%) and the import value reached 148 billion dollars (an increase over 12%). When referring to foreign investment, in 2014, there were 102 nations and territories invested in Vietnam with more than 17,500 projects.   With the continuous efforts, people's lives in Vietnam has been increasingly improved. The political economy becomes more and more stable. Especially, Vietnam successfully reduced poverty.

 

The 8th JETCO in UK

 

According to Ms. Ho Thi Kim Thoa, two countries solved five out of eight issues raised in the 7th JETCO. When referring to existing problems, Ms. Thoa said under the commitment to WTO, Vietnam was building law allowing foreign pharmaceutical companies to make exclusive distributor in the country. In terms of certification of crew members, Vietnam hopes that UK will continue coordinating in order to implement recognition agreements of professional certificates for Vietnam seafarers. Regarding to commodity exchange, two countries exchanged experiences, techniques, skills, modes of transportation, warehousing and other technical issues.

  • View
    2503
  • Share
    0
  • Comment
    0
  • 0
  • 0
  • 0
Deepen Vietnam - Denmark relation comprehensively
Deepen Vietnam - Denmark relation comprehensively

Vietnam - Denmark relation has ben got on well with each other in various fields. To deepen and make the coopertion more comprehensive, two governments have decisions on improving the relations to bring benefits to peoples in two countries.

Vietnam goods consumption network expanded in Laos and Thailand
Vietnam goods consumption network expanded in Laos and Thailand

In Vietnam – Laos Trade Fair 2015 held from 2 – 6 July, Vietnam goods are preffered a large number of businesses in Laos, and Thailand. Major products of Vietnam businesses in this fair are pharmaceuticals, medical devices and industrial machinery.

Vietnam encourages investment from Bulgarian businesses
Vietnam encourages investment from Bulgarian businesses

In Vietnam and Bulgaria businesses talk, Prime Minister Nguyen Tan Dung wished more Bulgaria investment in Vietnam will be encouraged from businesses in Bulgaria in modern agricultural projects, pharmaceuticals, clean energy, and mechanical engineering.

Vietnam stock market receives huge investment from Singapore
Vietnam stock market receives huge investment from Singapore

Vietnam is becoming a potential destination for foreign investors. The clearest evidence is that Vietnam stock market continuously receives positive information from Singaporean investors in the early months.

Vietnam economy 2014 review in figures
Vietnam economy 2014 review in figures

According to the final report of Vietnam General Statistics Office published at the end of December 2014, Vietnam economy achieved significant improvements. Many targets were reached, some went beyond the expectations.

Vietnam GDP growth reaches 6.03 percent in Quarter I
Vietnam GDP growth reaches 6.03 percent in Quarter I

After the first three months of 2015, the Vietnam GDP growth reaches about 6 percent. It is the highest rate in the first quarter during 5 recent years. Among major sectors of economy in Vietnam, industrial sectors surpass others.

Vietnam enterprises invests in international markets
Vietnam enterprises invests in international markets

While several Vietnam enterprises are trying to fend off economic crisis, others continue to expand exponentially into international markets where competition is extremely fierce.

Vietnam will get 3.8 billion USD of preferential credit from WB
Vietnam will get 3.8 billion USD of preferential credit from WB

On July 17, 2014, at a press conference, President of World Bank, Mr. Jim Yong Kim informed that WB would provide over 3.8 billion dollars in the preferential credit for Vietnam to help the country raising the additional private capital.

Nokia moving production from China to Vietnam
Nokia moving production from China to Vietnam

Nokia Vietnam has recently submitted the documents of developing production in Vietnam to People’s Committee of Bac Ninh Province. Mentioned in the documents is the plan of Nokia moving production from China to Vietnam.

Vietnam finance ensures successful integration in 2015
Vietnam finance ensures successful integration in 2015

Vietnam finance is expected to surpass all requirements of ASEAN Economic Community integration with the support from other ASEAN country members and ASEAN Infrastructure Fund to strengthen the development of infrastructure and economy.

The first Vietnamese Window 8.1 brand tablet releases
The first Vietnamese Window 8.1 brand tablet releases

On June 26, 2014, the first Vietnamese Windfow 8.1 tablet was introduced by Microsoft, Intel and Viet Son company called ROSA, including two versions Wi-Fi and 3G with the price approximately 4 million VND.

New Vietnam National Assembly House before G hour
New Vietnam National Assembly House before G hour

After four years of construction, new Vietnam National Assembly House is finishing the last steps. It is expected to finish on Oct 20. The parliament building is constructed on the ground of old National Assembly building in Ba Dinh.

Vi-Giam folk singing gets UNESCO recognition
Vi-Giam folk singing gets UNESCO recognition

On 27 November, Vi-Giam folk singing, one of unique Vietnamese folk singing culture was nominated as an intangible cultural heritage by UNESCO. The recognition has a great significance to Vietnam culture in particular and humanity’s heritage in general.

Thu Thiem new urban area of Ho Chi Minh City in future
Thu Thiem new urban area of Ho Chi Minh City in future

Ho Chi Minh City decided to expand center area including the whole Thu Thiem new urban area. There are accordingly some changes in Ho Chi Minh districts as well as the city urban area.

Mekong Delta fishery sector to be developed
Mekong Delta fishery sector to be developed

According to the Southwest Steering Committee, Mekong Delta economy strives to raise the value of fisheries sector to VND 46,000 billion, equal to $ 3 billion, an increase of 4.1 percent compared to that of 2013.

Vietnam and Russia hold conference of investment promotion
Vietnam and Russia hold conference of investment promotion

On May 20th, the conference of investment and commerce promotion between Vietnam and Russia was held in Ho Chi Minh City with the theme of “Hanoi – Moscow Center for Culture, Trade and Hotel: the commercial bridge between Vietnam and Russia.

Vietnam Motorshow 2014 attracts reputable brands
Vietnam Motorshow 2014 attracts reputable brands

Vietnam Motorshow 2014 was officially launched on November 19th, 2014. The automobile exhibition 2014 is the convergence of many reputable brands. Among cars of these famous brands, Toyota FT-Bh is the most special one.

Ho Chi Minh City to build the largest square in Vietnam
Ho Chi Minh City to build the largest square in Vietnam

As planned, the a riverside park along with a central square will be constructed in the area of nearly 30 hectares in Thu Thiem New Urban Area in Ho Chi Minh City. If approved, it will be the largest square in Vietnam.

Vietnam welcomes Russian oil and gas corps
Vietnam welcomes Russian oil and gas corps

Based on the foreign policies which enhance the position of Asia in diplomatic relations, Russian large companies in the field of energy, specifically, oil and gas will boost investment in Vietnam in the near future.

Vincom Center Halong coming soon
Vincom Center Halong coming soon

After opening a series of commercial center in Hanoi and Ho Chi Minh City, Vingroup will launch Vincom Center Halong in October 2014. This is one of modern commercial centers in Vietnam following the international standard.

Landmark 81 – the highest building in Vietnam
Landmark 81 – the highest building in Vietnam

On December 13th, an 81-storey skyscraper named The Landmark 81, which belongs to luxury urban area Vinhomes Central Park was started construction by Vingroup. It is expected that this highest building in Vietnam will be inaugurated in 2017.

Starbucks Vietnam opens three stores in Hanoi
Starbucks Vietnam opens three stores in Hanoi

Starbucks will open its three coffee shops in Hanoi in the effort to conquer the demanding palates of residents in this city. According to a representative of Starbucks Vietnam, the first three stores will be opened in prime locations of Hanoi.

Ho Chi Minh City opens 2nd McDonalds restaurant
Ho Chi Minh City opens 2nd McDonalds restaurant

After the success of the first restaurant on Dien Bien Phu Street, District 1, McDonalds Ho Chi Minh City will open the second on May 16th. The new restaurant is located near Ben Thanh Market, on Tran Hung Dao Street.

Da Nang becoming the most worth-living city in Vietnam
Da Nang becoming the most worth-living city in Vietnam

39 years after the Vietnam Liberation Day, Da Nang has developed significantly in all aspects. More importantly, Da Nang City has leave impression on tourists and residents as the most worth-living city in Vietnam.

Vietnam economy forecasted to grow in 2014
Vietnam economy forecasted to grow in 2014

As global economy is having positive changes, Vietnam economy will be definitely boosted. It is expected to increase 5.6 percent in this 2014 thanks to the recovery of the United States and Eurozone in banking reforms.

Vietnamese middle class increases most rapidly in Asia
Vietnamese middle class increases most rapidly in Asia

According to a recent survey conducted by ANZ, it is reported that Vietnamese middle class increases most rapidly in Asia, about 2 million Vietnamese joining the middle-class of Vietnamese society every year.

Asia Park Da Nang begins forthcoming operations
Asia Park Da Nang begins forthcoming operations

Sun Group Corporation recently has celebrated groundbreaking ceremony to construct Asia Park Da Nang cultural park and recreation on 2/9 street with a total investment of $ 200 million.

Thu Thiem new urban area of Ho Chi Minh City in future
Thu Thiem new urban area of Ho Chi Minh City in future

Ho Chi Minh City decided to expand center area including the whole Thu Thiem new urban area. There are accordingly some changes in Ho Chi Minh districts as well as the city urban area.

Ho Chi Minh Vincom Center will open Kids World
Ho Chi Minh Vincom Center will open Kids World

The second Kids World will be opened on Dong Khoi Street by Ho Chi Minh Vincom Center, on April 25th. With a scale of more than 5000 square meters, Kids World is expected to be the paradise for children.

Attractive activities for Children Day in Hanoi
Attractive activities for Children Day in Hanoi

June 1st has been chosen as the International Children’s Day since 1950. On this occasion annually, a large number of attractive activities for Children Day in Hanoi will be celebrated in several attractions and amusement parks across the city.