Sign up | Log in



Home  >>  Daily News  >>  Vietnam News  >> Investment  >>  UK invests $1.5m in Vietnam

21 October 2009

UK invests $1.5m in Vietnam

Related Stories

October 3, 2009
India’s ONGC to spend $149m in Vietnam oil venture

September 18, 2009
Investment: Vietnam ranks first among emerging markets

September 16, 2009
Vietnamese firm to set up fertiliser plant in Cambodia

September 5, 2009
UN Survey: Vietnam remains attractive to investors

August 26, 2009
Vietnamese retailers want tougher scrutiny of foreign rivals

Vietnamese and British entrepreneurs signed a number of memoranda of understanding, agreements and contracts at a business forum held in London on October 19, reported

The newly-inked contracts include a $1.5 billion project to build a thermo-electricity centre in the central province of Binh Dinh and another to build a seaport warehouse in the southern province of Tien Giang at a cost of $1.5 billion.

Addressing the Vietnam-UK Business Forum 2009, which is organised by the London Chamber of Commerce and Industry in conjunction with the Vietnamese Embassy in the UK, Vietnamese Deputy Prime Minister Hoang Trung Hai stressed that Vietnam always attaches importance to friendship and multi-faceted cooperation with the UK, especially in the fields of economics, trade, investment and education and training.

The Deputy PM also briefed the forum on socio-economic development in Vietnam, the country’s foreign policy in the renovation process and its efforts to surmount the adverse impacts triggered by the economic crisis over the past year.

For his part, British Ambassador to Vietnam Mark Kent affirmed that Vietnam is an attractive destination with huge opportunities for British entrepreneurs and the outlook for long-term investment in the Southeast Asian nation is positive.

The British Investment Promotion Agency ranks Vietnam’s investment attraction only after BRICS - the emerging market economies including Brazil, Russia, India and China.

The one-day Vietnam-UK Business Forum 2009 drew the participation of hundreds of businesses from both countries. Most British entrepreneurs attending the forum expressed their belief that long-term investment in Vietnam is a good choice.

Colin Stanbridge, the Chief Executive of London Chamber of Commerce and Industry, said that trade and business activities between Vietnam and the UK are expected to increase considerably in the future and that the forum represents concrete evidence to this effect.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand