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Vietnam - one of UK’s important partners
Vietnam is one of the UK’s prioritised partners and now is an important time to develop the two countries’ strategic partnership.
At a seminar to promote cooperation between Vietnam and the UK, held in Hanoi on September 10, the UK’s Deputy Ambassador in Vietnam, Kate Harrison, said that the joint agreement on establishing a strategic partnership signed on September 8 would create the ideal conditions for the two nations to lift bilateral ties.
Harrison also praised the positive changes underway in trade and investment environment between Vietnam and the UK, as the business community is cooperating in important fields such as telecommunications, energy, real estate and information technology.
It is one of the best ways to promote two-way trade as well as the frequency of investment and trade, said Harrison.
According to the chairman of the Vietnam-UK Friendship Association, Hoang Van Dung, ties between Vietnam and the UK are increasingly thriving in many areas. Since 1990, the value of trade between the two countries has increased rapidly, with Vietnamese exports to the UK rising by 17 percent per year.
In investment, since 2009, the UK has started up 120 projects in Vietnam with a total registered capital of 1.44 billion USD. In the first eight months of this year, with 10 projects in Vietnam worth 53.4 million USD, the UK ranks 15 th out of the 47 countries and territories that invest in Vietnam.
Some companies are performing exceptionally well in Vietnam such as Rolls-Royce, Vodafone, HSBC and the Prudential insurance company.
In addition to investment and trade, education is also a field in which both countries cooperate well. At present, almost 6,000 Vietnamese students are studying at colleges or universities in the UK.
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