More UK businesses expected to invest in Vietnam

Deputy Prime Minister Trinh Dinh Dung (R) receives Lord James Mayer

Sassoon, Executive Director of Jardine Matheson Holdings Limited. Photo VNA

He emphasised the positive development of the Vietnam-UK strategic partnership over the past time, especially in the fields of trade, investment and tourism.

The UK is the second biggest European investor in Vietnam, after the Netherlands, with 267 foreign direct investment (FDI) projects worth 3.75 billion USD and the third largest trade partner of Vietnam in Europe, after Germany and the Netherlands. Two-way trade grew rapidly to reach 5.7 billion USD in 2017, he noted.

The Deputy PM welcomed Jardine Matheson, one of the leading groups in the UK, to make early investment in Vietnam with significant outcomes. 

The operation of UK businesses, including Jardine Matheson, has helped deepen the cooperative relations between the two countries, he said.

He hoped the UK and Vietnamese enterprises will forge connectivity to promote the two nations’ strategic partnership in a more active and practical manner for mutual benefits.

The Government of Vietnam is implementing policies to stabilise the macro economy, curb inflation, speed up growth, and develop the private sector, as well as refine institution, build a healthy business environment for investors, and accelerate the modernisation and industrialisation, which create brilliant cooperation and investment opportunities for foreign investors, including those from the UK, he noted.

James Mayer Sassoon expressed his impression on Vietnam’s socio-economic development achievements and highly valued the country’s policies to improve the investment environment and the Government’s commitments to facilitating business production in the long run.

Source: VNA