The UK ups investment in Vietnam to US$3 billion

The UK’s target is to boost its investment in Vietnam to US$3 billion in the next few years, said Scott Wightman, Director for the Asia-Pacific of the UK Foreign and Commonwealth Office in his recent first visit to Vietnam.

The UK is one of Vietnam’s biggest investors with a total investment of US$2 billion and its exports to Vietnam in 2010 are predicted to rise by 25 percent over last year. The UK views Vietnam one of its major export markets so its businesses are very keen on expanding their involvement.

The UK Department For International Development (DFID) is carrying out a ten-year support project in Vietnam. DFID and Vietnam will conduct a mid-term project to review the results over the past few years and set orientations for the next five years, said Mr. Scott.

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