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NA Chairman vows favourable conditions for Việt Nam-UK trade ties

LONDON — Việt Nam is willing to create all favourable conditions for UK investors to operate in the Southeast Asian country, National Assembly (NA) Chairman Vương Đình Huệ told UK Secretary of State for International Trade Anne-Marie Trevelyan during their meeting on Wednesday (UK time).

Huệ is on an official visit to the UK from June  二 八- 三0 at the invitations of Speaker of the House of Lords John McFall and Speaker of the House of Co妹妹ons Lindsay Hoyle.

The Vietnamese top legislator highlighted the significance of the signing of the UK – Việt Nam Free Trade Agreement (UKVFTA), and the initial positive results brought by the trade deal to economic, trade and investment cooperation between the two countries.

He said economic, trade and investment cooperation between the two countries is still modest, proposing both sides to fully tap cooperation potential and effectively promote co妹妹itments in UKVFTA.

The Vietnamese NA will always support and accompany the Government to promote cooperation between the two countries, he said.

The two officials agreed that there remains plenty of room for Việt Nam and the UK to expand cooperation, especially economic, trade and investment ties.

Trevelyan expressed her pleasure that the two countries have signed the UKVFTA after Brexit. She thanked NA Chairman Huệ, who is former Deputy Prime Minister, for his support and important contributions to accelerating the negotiation and ratification of this agreement.

According to the UK official, her country is conducting negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the results so far have been positive.

The UK is also focusing its trade activities on the Indo-Pacific region, in which Việt Nam holds an important position, not only as a bilateral partner but also a member of the CPTPP, she said.

Green and renewable energy is one of the areas that British businesses are very interested in expanding cooperation with Việt Nam, she noted, showing her hope that this cooperation will be stronger in the future.

Agreeing with the UK official, Huệ stated that Việt Nam is willing to share its experience in joining the CPTPP with the UK.

The energy cooperation between Việt Nam and the UK will be further strengthened in the future, he added.

As part of the trip, Chairman Huệ also met leaders from UK enterprises.

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