Hanoi (VNA) – A number of big projects from the United Kingdom (UK) will be invested in Vietnam from now to the end of this year, UK Ambassador to Vietnam, Mark Kent, has said.
The projects will focus on the fields of finance-banking, energy, telecommunication, mining and car production, Mark Kent told a press conference in Hanoi on August 28, which aims to introduce the UK Embassy’s activities to celebrate the 35 th anniversary of the establishment ò diplomatic relations between Vietnam and the UK.
Finance-banking sector, one of the UK’s strengths, has an important influence on attracting foreign direct investment (FDI), the Ambassador said, adding that once the sector develops, FDI sources including those from the UK poured into Vietnam, will increase more strongly.
Recently, two UK leading banks operating in Vietnam, namely the Hong Kong Shanghai Banking Corporation (HSBC) and the Standard Chartered, have been licensed to open branches in the country with their own capital. According to Ambassador Kent, the move will make customers feel more clearly about the presence of UK banks in Vietnam.
The UK now ranks third among largest European Union (EU) investors in Vietnam. UK businesses have invested in 105 projects worth 1.9 billion USD in the country. Once the above-said projects are signed, Ambassador Kent stressed, the UK’s rank will be much improved.
The ambassador also announced that several high-ranking officials from the UK, including Prince Andrew, the UK’s Special Representative for International Trade and Investment, will visit Vietnam in September to strengthen relationship between the two countries.–Enditem
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