Log in
Business

Enhancing UK-Vietnam relations in competitive era

Given its central geostrategic location, a burgeoning economy, and large population, Vietnam is fast becoming a key partner of the UK in the Indo-Pacific region.

The UK wants to deepen its strategic partnership with Vietnam, given the importance, both countries afford one another.

 Overview of the launch. Source: VNA

Director of Research at Council on Geostrategy (COG) James Rogers gave the assessment at the launch of the COG’s latest Policy Paper titled “Enhancing British-Vietnamese relations in a more competitive era” on October 27, the Vietnam News Agency reported.

The event was chaired by Member of the Joint Committee on National Security Strategy, House of Lords, Baroness Neville-Jones, and took place ahead of Prime Minister Pham Minh Chinh’s trip to attend the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow from October 31 – November 12, which marks a significant step in the bilateral relations.

According to Rogers, the policy paper reviews the UK-Vietnam relations and proposes a number of recommendations as to how the governments of the two countries might strengthen their strategic partnership in the years ahead.

Rogers added with the UK’s tilt towards the Indo-Pacific, both countries are growing closer, particularly given Vietnam’s central geostrategic location, a burgeoning economy, and large population.

He pointed out a number of ministerial exchanges, which have taken place, most recently the visits by Dominic Raab, the British Foreign Secretary, and Ben Wallace, the British Defence Secretary, to Vietnam in June and July 2021, respectively, to make speeches about the future of relations between the two countries in a changing international environment. Likewise, high-ranking members of the Vietnamese Government are expected to visit the UK in November 2021 to partake in the COP26 Summit.

Bill Hayton, associate fellow at the Chatham House Asia-Pacific suggested both sides could further strengthen cooperation in Covid-19 response, climate change, as well as in trade, security, and defense.

Hayton said Vietnam’s current priority is getting enough vaccines to slow down the progress of the Covid-19 pandemic across its population, presenting London with an opportunity for vaccine diplomacy and medical cooperation across a range of sectors.

Meanwhile, Hayton added Chinh’s trip to Glasgow shows Vietnam’s strong commitment to addressing climate change. In this regard, the UK could assist Vietnam in promoting renewables for sustainable development.

The fact that the two countries signed the UK-Vietnam Free Trade Agreement (UKVFTA) also presents opportunities for both to maximize economic potentials.

Sharing the same view, the Vietnamese Ambassador to the UK Nguyen Hoang Long expected both sides to further economic cooperation, especially in infrastructure development and wind energy.

Vice-Chairman of the Vietnam-UK Network Paul Smith added the Vietnamese business environment has significantly improved over the past 20 years.

Smith added one of the key strong points in Vietnam’s business environment was the active response of the Government in addressing investors’ feedbacks and its willingness for changes for the benefit of the country.

Drawing from a combination of open-source documents, interviews with experts from both countries, and a research seminar, the Policy Paper outlines opportunities for the two countries across a range of sectors.

"As a ‘middle power’ with a larger and more ambitious neighbor, Vietnam continues to hedge against regional tensions by searching for equilibrium and balance in its network of friendly partners across the international system. As a nuclear power, with globally deployable maritime capabilities, advanced technology, and privileged positions in international forums, the UK is a good partner for Vietnam."

"The UK, for its part, has a deep interest in developing greater engagement in Southeast Asia to diversify its diplomatic and trading arrangements. Vietnam is already welcoming greater economic ties with the UK by encouraging greater two-way trade and supporting British inclusion in regional diplomatic and economic blocs, particularly the Association of Southeast Asian Nations (ASEAN) – of which the UK recently became a ‘Dialogue Partner’ – and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP)."

Reactions:
Share:
Trending
Most Viewed
Related news
UK Royal navy ship HMS Richmond visits Viet Nam

UK Royal navy ship HMS Richmond visits Viet Nam

09 Oct, 15:01

The visit comes on the 10th anniversary of UK – Viet Nam defense cooperation and just two months after the first-ever visit to Vietnam by the UK Secretary of State for Defence in July.

Vietnam to tighten biometric authentication for new bank cards next year

Vietnam to tighten biometric authentication for new bank cards next year

Bank card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of organizational customers with their identity documents.

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Vietnam will host the seventh National Forum on Vietnamese Digital Technology Enterprises on December 25 in Hanoi, highlighting policy directions, strategic technologies and progress under the “Make in Vietnam” initiative as the country pushes toward a stronger digital economy.

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

At the Moscow–Hanoi Business Forum, leaders from both capitals said 75 years of Vietnam–Russia ties provide a strong foundation to deepen economic and investment cooperation, especially in technology, trade and urban development.

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam’s manufacturing sector continued to expand in November, marking the fifth straight month of improvement, even as severe storms caused supply-chain delays and slowed production, according to S&P Global.

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Hanoi’s Hoan Kiem pedestrian street will host Techfest Vietnam 2025 from December 12 to December 14, welcoming entrepreneurs, investors and the public to explore emerging technologies and celebrate the country’s growing culture of innovation.

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

The Vietnam Women’s Entrepreneurship Support Program has surpassed nearly every target set for 2017–2025, empowering more than 118,000 women to launch new ventures and laying the groundwork for a stronger, more inclusive entrepreneurial ecosystem in the next decade.

HHTIP accompanies businesses in efficient energy use for sustainability

HHTIP accompanies businesses in efficient energy use for sustainability

As green transition becomes a decisive factor shaping future growth, Hanoi is intensifying efforts to push energy efficiency across its industrial zones. The city’s management board is building a development model centered on clean energy, responsible production and sustainable operations.

Vietnam launches Semiconductor Alliance to build skilled workforce, strengthen global industry ties

Vietnam launches Semiconductor Alliance to build skilled workforce, strengthen global industry ties

The newly launched Semiconductor Alliance in Vietnam seeks to develop skilled professionals, foster collaboration between universities and businesses while preparing the country to play a more active role in the global semiconductor industry.