Uk establishments

National Assembly Chairman Vuong Dinh Hue (second, left) presents a gift to the Vietnamese expatriate community in the UK. (Photo: VNA) London (VNA) - The official visit to the UK by Vietnamese National Assembly Chairman Vuong Dinh Hue has come in a very opportune and important time, as the two countries are seeking ways to deepen their parliamentary and political dialogues, said Mr Wayne David MP, Chair of the All-Party Parliamentary Group (APPG) for Vietnam. Making his remarks in a virtual meeting with the Vietnam News Agency's correspondent in the UK ahead of the top legislator’s trip from June 28-30, Mr David said the visit is important not only symbolically, but in a very practical sense as well, because during the visit, the two sides will be talking about different issues important to both countries. According to the APPG Chair, Mr Hue will be meeting not only the Speaker of Commons and the Speaker of Lords, members of all political parties and the APPG, but also … [Read more...] about Top legislator’s UK visit comes in opportune and important time: APPG Chair

NA Chairman Vuong Dinh Hue met with Prudential’s leaders, led by chairwoman Shriti Vadera, Mark FitzPatrick, Interim Group CEO, and Phuong Tien Minh, CEO of Prudential Vietnam, during his official visit to the UK. Source: VNA/VNS Photo: Doan Tan Prudential has put its focus on building a resilient business to provide the best services to customers. Insurers like Prudential play an important role in developing innovative savings and protection products to meet Vietnam’s evolving needs while strengthening and deepening its capital markets and harnessing new technology to increase financial inclusion. Shriti Vadera, chair of Prudential said, “The world still faces significant economic headwinds, but we are optimistic about the year ahead – and I know the same is true of the Vietnamese economy, with the very robust 5-per-cent growth figures for the first quarter of 2022, given the wider conditions." Talking to Prudential chairwoman Vadera, the NA0 leader congratulated the firm on … [Read more...] about NA Chairman Vuong Dinh Hue meets with Prudential’s leaders during UK visit

Outstanding tariff preferences The British Embassy in Vietnam has forecast that Vietnam will save about US$151 million in tariffs from the deal, while the UK stands to save around US$36 million. Although the UKVFTA took effect at a time when the pandemic was ravaging the two countries, bilateral trade still reached US$6.6 billion in the pact’s first year. In fact, 65 percent of all tariffs have already been eliminated from UK-Vietnam trade. In the first six years of the deal, the UK will eliminate 99.2 percent of tariff lines on Vietnam’s imports. This is higher than the terms of the EU-Vietnam Free Trade Agreement (EVFTA) with 70.3 percent tariff elimination. Vietnam pledges to eliminate 48.5 percent of tariffs, matching other EU countries under the EVFTA. Import tax on most types of Vietnam’s raw shrimp into the UK is being scrapped Other tariff preferences in the UKVFTA include zeroing out import tax on most types of raw shrimp into the UK from 10-20 percent; a … [Read more...] about UK trade pact benefits Vietnam

The Renewable Energy in Sustainable Industrial Parks conference was organised by the Haiphong Economic Zone Management Board in collaboration with the Embassy of the UK, the nation's Chamber of Commerce and Industry, and Star Do Group. Head of the Haiphong Economic Zone Management Board Le Trung Kien asserted the green development demand of Haiphong city and its industrial parks and economic zones. Photo: Thanh Son Attendees at the conference were Harry Rawicz-Szczerbo, head of the Trade and Investment Department at the UK Embassy; Le Trung Kien, member of the city Party Committee's Standing Board and head of the Haiphong Economic Zone Authority; Mark Shorrock, chairman of Shire Oak International; Nguyen Thanh Phuong, CEO of Sao Do Group; and representatives of Haiphong's departments and agencies, investors, and businesses. Mark Shorrock, chairman of Shire Oak International, talked about the renewable energy demand of businesses in the RE100 group. Photo: Thu … [Read more...] about Haiphong promotes renewable energy investment in industrial parks