The pillars are politics, diplomacy, defense and security; economy, trade, investment and finance; science, technology, innovation, digital transformation and health; environment, energy and green transition; education, culture, sports, tourism, people-to-people exchanges, equal rights and other fields; and coordination on regional and international issues.
The agreement was reached during the official visit of the General Secretary of the Communist Party of Vietnam, To Lam, to the United Kingdom from October 28 to 30.
The United Kingdom and Vietnam agreed to elevate their bilateral ties to a comprehensive strategic partnership, strengthening six key pillars of cooperation. The pillars include the economic, commercial, investment and financial; science, technology, innovation, digital transformation and health; and environment, energy and green transition. General Secretary of the Communist Party of Vietnam To Lam visited the United Kingdom from 28 to 30 October.
Both sides reaffirmed their commitment to further enhance economic cooperation, upholding free, fair, inclusive and sustainable trade and supporting a transparent and rules-based international trading system.
The pair will work to establish an annual business dialogue mechanism between British business leaders and senior Vietnamese government figures to improve trade and investment cooperation.
They agreed to strengthen cooperation in the development of Vietnam’s international financial centers in Ho Chi Minh City and Da Nang, including through the UK-Vietnam International Financial Center partnership.
They agreed to strengthen cooperation by mobilizing green finance to promote resilient, low-emission green growth, working together to share experiences and implement green financial instruments in Vietnam, including through the launch of the UK-Vietnam Green Finance Partnership.
The two sides committed to removing institutional barriers, so that the private sector can play a central role in promoting green growth and sustainable trade, according to a statement from the UL Prime Minister’s Office.
Fiber2Fashion News Desk (DS)
