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VietNamNews

UK, VN look to foster trade ties

Update: February, 02/2012 - 10:13

HA NOI — Viet Nam and the UK yesterday concluded the fifth meeting of the Joint Economic and Trade Committee (JETCO) that further created a better business climate between the two countries.

At the meeting headed by Deputy Industry and Trade Minister Ho Thi Kim Thoa and British Ambassador in Viet Nam Antony Stokes, the two sides discussed measures to lift bilateral ties in line with the Strategic Partnership Agreement signed in 2010.

The two sides agreed to organise working groups to deal with the local incorporation of the branches of UK banks, HSBC and Standards Charter, and work closely to build a public-private model in Viet Nam.

Viet Nam agreed to continue to consult the UK about the amendment of Decree No. 40 on liquor production and trading.

Viet Nam also voiced support for talks between Tata Steel Corus and Ha Tinh Province's relevant agencies on site clearance in order to create conditions for granting licence to the investor.

The country will consider a mining licence for the Co Dinh joint project in Thanh Hoa Province between Archipelago and VietNam Coal and Mining Industries Group.

The UK pledged its support in principle to Viet Nam's negotiations on a Voluntary Partnership Agreement under EU's Forest Law Enforcement, Governance and Trade (FLEGT) accord.

The sixth JETCO is expected to be held in November in London. — VNS

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