The United Kingdom is willing to provide technical assistance to help increase the efficiency of the Vietnamese economy, and intensify cooperation with the country in preventing money laundry, UK Chancellor of the Exchequer Philip Hammond said on July 3.
UK Chancellor of the Exchequer Philip Hammond (R) welcomes Vietnamese Finance Minister Dinh Tien Dung (Source: VNA)
London (VNA) - The United Kingdom is willing to provide technicalassistance to help increase the efficiency of the Vietnamese economy, andintensify cooperation with the country in preventing money laundry, UK Chancellorof the Exchequer Philip Hammond said on July 3.
Hammond made the statement when receivingVietnamese Finance Minister Dinh Tien Dung who is leading a delegation from theFinance Ministry and the State Securities Commission of Vietnam (SSC) on aworking trip to the UK from July 2-6.
Dung briefed the host on Vietnam’s economicsituation as well as measures its Government has taken to boost sustainableeconomic growth, reduce public debts, maintain low inflation, step up economicrestructuring and attract more direct and indirect investments.
The host showed his interest in theequitisation of State-owned enterprises in Vietnam.
The Vietnamese delegation also had aworking session with CEO & Director-International Development at LondonStock Exchange Plc Nikhil Rathi, during which SSC Chairman Tran Van Dung saidthat the UK’s indirect investment in Vietnam, at nearly 1 billion USD, is quitemodest compared to UK investors’ potential and the Vietnamese market’sabsorption capacity.
Therefore, the promotion of investment inLondon is of significance to increase the UK’s indirect investment in Vietnam,he added.
The UK is the second biggest Europeaninvestor in Vietnam, after the Netherlands, with 267 FDI projects worth 3.75 billionUSD, and Vietnam’s third largest trade partner in Europe after Germany and theNetherlands.
The two sides have signed an agreement ondouble taxation avoidance and another on investment protection and promotion,and are working to speed up the signing of a free trade agreement.-VNA
Vietnamese peacekeeping sappers are studying the UK’s experience about sexual violence prevention in doing peacekeeping missions at an exchange programme held from March 17-21 in Hanoi.
Prime Minister Nguyen Xuan Phuc has recently issued a plan for the implementation of a memorandum of understanding on anti-human trafficking cooperation signed between the Vietnamese Government and the Government of the United Kingdom of Great Britain and Northern Ireland in late 2018.
A memorandum of understanding (MoU) to promote relations between Vietnamese localities with UK partners, towards strengthening trade and investment cooperation between the two countries was signed in London on June 24.
Vietnam and the UK welcomed the sustained progress in their strategic partnership, and stressed support for the rules-based international order, free trade, sustainable economic growth, education and cultural exchanges at their 7th strategic dialogue in London on July 2.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
UK Chancellor of the Exchequer Philip Hammond (R) welcomes Vietnamese Finance Minister Dinh Tien Dung (Source: VNA) 
