Vietnam and the UK have agreed to raise two-way trade turnover to $4 billion in 2013 with the latter’s foreign direct investment in Vietnam reaching $3 billion.
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The target was set at the sixth meeting of the Vietnam-UK Joint Economic and Trade Committee (JETCO) in London on November 8.
The two sides discussed measures to deal with trade disputes effectively, promote intellectual property rights and accelerate the implementation of Vietnam’s commitments to the World Trade Organisation (WTO).
The UK Minister of State for Foreign and Commonwealth Affairs, Hugo Swire, described Vietnam as a reputable market that has attracted a large number of foreign investors, including English businesses. He expressed hope that Vietnam will remain an attractive destination for foreigners.
Vietnam’s Deputy Minister of Industry and Trade Ho Thi Kim Thoa said the UK has helped Vietnam train banking and financial officials and reform the banking system.
She suggested that JETCO press ahead with its activities to promote bilateral economic, trade and investment cooperation.