Hue is on an official visit to the U.K. from June 28 - 30 at the invitations of Speaker of the House of Lords John McFall and Speaker of the House of Commons Lindsay Hoyle.

The Vietnamese top legislator highlighted the significance of the signing of the U.K. – Vietnam Free Trade Agreement (UKVFTA), and initially positive results brought by the trade deal to economic, trade and investment cooperation between the two countries.

Chairman Vuong Dinh Hue (R) and U.K. Secretary of State for International Trade Anne – Marie Trevelyan

He said economic, trade and investment cooperation between the two countries is still modest, proposing both sides to fully tap cooperation potential and effectively promote commitments in UKVFTA.

The Vietnamese N.A. will always support and accompany the Government to promote cooperation between the two countries, he affirmed.

The two officials agreed that there remains a large room for Vietnam and the U.K. to expand cooperation, especially economic, trade and investment ties.

For her part, Trevelyan expressed her pleasure that the two countries have signed the UKVFTA after Brexit. She thanked N.A. Chairman Hue, who is former Deputy Prime Minister, for his support and important contributions to accelerating the negotiation and ratification of this agreement.

According to the U.K. official, her country is conducting negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the results so far have been positive.

The U.K. is also focusing its trade activities on the Indo-Pacific region, in which Vietnam holds an important position, not only as a bilateral partner but also a member of the CPTPP, she said.

Green and renewable energy is one of the areas that British businesses are very interested in expanding cooperation with Vietnam, she noted, showing her hope that this cooperation will be stronger in the future.

Agreeing with the U.K. official, Hue stated that Vietnam is willing to share its experience in joining the CPTPP with the U.K.

The energy cooperation between Vietnam and the U.K. will be further strengthened in the coming time, he affirmed.

Source: VNA