Deputy Prime Minister Vuong Dinh Hue (R) greets UK Minister of State for Trade and Investment Mark Ian Price (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Vu🐎ong D🐽inh Hue has urged UK businesses to get more involved in the reshuffle of financial and banking systems in Vietnam.
The Deputy PM told UK Minister of State for Trade and Investment Mark Ian Price at a meeting in Hanoi on October 19 that Vietnam is accelerating efforts to deal with bad debts and restructure banks and public investment.
The country has revised the Law on Investment and approved a project on enhancing growth quality and reforming growth model, labour productivity, and the competitiveness of the economy to achieve sustainable development goals, he added.
Vietnam will promote the startup and innovative spirit among businesses while facilitating business development regardless of their scale and sector, he said, noting the Government’s ambition of doubling the current number of active companies by 2020.
The government has also submitted to the National Assembly a bill on supporting small-and medium-sized enterprises according to international standards and practices, he said.
He proposed the UK provide more support for Vietnam under the Newton Programme on innovation and research, as well as strengthen bilateral partnership in education and training.
The Deputy PM said the UK’s exit from the European Union does not affect Vietnam’s determination to strengthen the bilateral strategic partnership.
Mark Ian Price informed the host about the outcome of the ninth meeting of Vietnam-UK Joint Economic, Trade Cooperation Commission , which aims to remove difficulties for businesses and improve business environment in Vietnam.
He said the UK is able to help Vietnam improve its legal framework, create favourable business climate, protect the environment, and prevent corruption.
According to the UK official, UK businesses consider Vietnam a good destination for investment. He said both countries should make greater efforts to improve business environment and boost bilateral trade.
Two-way trade between Vietnam and the UK topped 5.4 billion USD in 2015, up over 25 percent against the previous year.-VNA
Deputy Foreign Minister Bui Thanh Son and Minister of State at the UK Foreign and Commonwealth Office Hugo Swire co-chaired the fifth Vietnam-UK Strategic Dialogue in London on March 7.
Vietnam’s and the UK’s top diplomatic officials considered measures to solidify their countries’ strategic partnership during talks in Hanoi on April 12.
The UK intends to deepen relationship with countries across the globe and Vietnam plays an important role in that strategy, said Eleanor Laing, Vice Speaker of the House of Commons of the UK.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
Deputy Prime Minister Vuong Dinh Hue (R) greets UK Minister of State for Trade and Investment Mark Ian Price (Photo: VNA)
