Hanoi is among the destinations of a UK trade mission during its five-day visit since November 9, seeking opportunities in smart city development and encouraging the country’s adoption of smart city standardization.
Opportunities are open for expanding cooperation between regulatory bodies of the UK-Vietnam on digital transformation and digital economy.
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.
Hanoi raised its voice over the presence of the UK’s Carrier Strike Group along with a New Zealand frigate in the South China Sea (called East Sea by Vietnam).
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.
Vietnamese spokesperson Le Thi Thu Hang affirmed that the country always keeps track of current affairs in the region.
Vietnam supports a stronger UK-ASEAN linkage, including in the field of military-defense.
The challenges for local firms would be to utilize preferential treatment and complying with commitments set out in the UK-Vietnam Free Trade Agreement (UKVFTA).
Vietnam plans to organize a digital investment conference in Q3 this year, promoting investment into industrial parks or economic zones online.
Vietnam gives high priority to promoting renewable energy during its transition process to a low-carbon economy.