NA Chairman Vuong Dinh Hue (right) had talks with UK Secretary of State for International Trade Anne-Marie Trevelyan in London on June 29. Photo: VNA/Doan Tuan

Vietnam is willing to create all favorable conditions for UK investors to operate in the Southeast Asian country, NA Chairman Vuong Dinh Hue told UK Secretary of State for International Trade Anne-Marie Trevelyan during their meeting on June 29 (UK time).

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 commitments 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 Vietnam 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 Vietnam 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 Vietnam, she noted, showing her hope that this cooperation will be stronger in the future.

Agreeing with the UK official, the Vietnamese NA stated that Vietnam is willing to share its experience in joining the CPTPP with the UK. The energy cooperation between the two countries will be further strengthened in the future, he added.

NA Chairman Vuong Dinh Hue(centre) receives the Prudential delegation in the UK on June 29. Photo: VNA/ Doan Tuan

On June 29, during talks with Speaker of the British House of Lords John Mcfall in London, NA Chairman Vuong Dinh Hue suggested that the two countries organize activities to celebrate the 50th anniversary of diplomatic ties next year. He expressed Vietnam’s wishes to learn from Britain's experience in law-making, including a legal framework, policies and mechanisms to support the Government’s delivery of international commitments.

NA Chairman Vuong Dinh Hue (left) and Speaker of the British House of Lords John Mcfall in London. Photo: VOV

He emphasized that the UK is currently an important partner of Vietnam in the region, the third-largest trading partner in the European market, and the leading European investor in Vietnam. However, British investment in Vietnam totals only US $4 billion out of the US $400 billion foreign investment of Vietnam.

Both agreed to maintain dialogue, exchange of delegations and high-level contacts, in which, the two parliaments need to maximize their roles for the benefit of both countries and peoples.

Lords Speaker McFall praised Vietnam's serious participation in international commitments on environmental protection and emission reduction, reconfirming the UK’s support for Vietnam in these efforts.

Both leaders were pleased with the cooperation between the National Assembly of Vietnam and the British House of Lords to promote the role of parliament in promoting relations between the Governments and peoples of the two countries.

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