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Prime Minister Nguyen Tan Dung has introduced Viet Nam’s great potential and advantages for development cooperation in all spheres to businesses in the United Kingdom.
Addressing the Viet Nam-UK Business Forum on March 4 during his four-day official visit to the UK, PM Dung highlighted the country’s stable political and social situation.
“The Vietnamese State has been exerting efforts to accelerate the renewal process in a bid to develop the market economy, create a more open and transparent investment climate, prevent corruption and facilitate the business development,” said the Vietnamese leader.
He also pointed out difficulties and challenges for the country, namely the small-scaled economy, poor socio-economic infrastructure and the lack of highly skilled human resources for the industrialisation and modernisation process.
PM Dung called on the UK businesses to further invest in Viet Nam and pledged favourable conditions for their success in the country.
Also at the forum, PM Dung witnessed the signing of cooperation agreements worth totally over 2.5 billion USD between the UK and Vietnamese businesses. Worthy of note were a 1.5 billion USD project by the Saigon Invest Group, and another project valued at 900 million USD by the New World Group.
Earlier, PM Dung and the London Lord Mayor witnessed the signing of agreements worth 1 billion USD in total between the Viet Nam Oil and Gas Group (PetroVietnam) and the UK’s businesses, Salamander and SOCO; between the Viet Nam Industrial and Commercial Bank (Incombank) and Standard Chartered, between the Bao Viet Insurance Group and HSBC Insurance, and between the Viet Nam Machine Installation Corporation and Mott MacDonald.
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