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Vietnam, UK review economic co-operation

by VTV409 March 2016 Last updated at 17:10 PM

VTV.vn - At the fifth Vietnam-UK Strategic Dialogue, held in London on March 7, the two sides agreed that they have made outstanding achievements in economic co-operation after 5 years of establishing their bilateral strategic partnership.

The successful negotiation of the Vietnam - EU Free Trade Agreement is also expected to boost economic, trade, and investment ties between the two parties.  

The UK is not on the list of Vietnam’s top 10 biggest investors. But in terms of efficiency, UK businesses are considered some of the most successful investors, including Castrol BP Petco Co. Ltd, HSBC Bank, and Prudential. The push to sign and ratify the Vietnam-EU free trade agreement and other important trade agreements in 2015 will lead to a major boost in trade and investment between Vietnam and the UK.

In reviewing their 5-year partnership, Vietnam and the UK both took note of impressive growth in bilateral trade and investment relations. Bilateral trade turnover has increased 3 times in 5 years.

At the dialogue, Vietnam and the UK reaffirmed their commitment to strongly supporting and speeding up the signing and ratification of the Vietnam-EU free trade agreement in 2016. Besides, the two parties also agreed to create conditions for favourable exchange between enterprises and the investment market.

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