Vietnam, UK firms accelerate cooperation

The event, organised by the Vietnam Chamber of Commerce and Industry (VCCI), created an opportunity for UK firms to seek counterparts and outlets in Vietnam for their products, including those in telecommunications, education and training and services. 

The two sides’ cooperation results have yet to match each other’s potential, said Tran Thien Cuong, head of the VCCI’s International Relations Department, stressing that there is much room for further cooperation. 

In the near future, the two sides need to focus on market access and implementing new projects. Vietnam’s forte in agricultural production, the garment and textile industry, and aquatic produce should be utilised. Meanwhile, attention should be focused on the UK’s expertise in high-technology, industrial equipment, biological and educational knowledge, Cuong added. 

Two-way trade between Vietnam and the UK in the first three quarters of 2012 reached US$2 billion, according to VCCI.