PM witnesses signing of twenty-six cooperation deals worth billions of dollars between Vietnam and the UK

[ASEAN NOW News]

Prime Minister Phạm Minh Chính witnessed the exchanges of memorandums of understanding, business deals between Vietnam and the UK on Sunday (local time). — VNA/VNS Photo Dương Giang

 

LONDON — Prime Minister Phạm Minh Chính attended and witnessed a ceremony to sign twenty-six cooperation agreements between ministries, sectors and businesses of Vietnam and the United Kingdom (UK) on Sunday.

 

This was part of his trip to the United Kingdom for the 26th United Nations Climate Change Conference of the Parties (COP26) and a working visit to the UK.

 

The agreements cover a wide range of fields from trade, agriculture, energy, education, training to environmental protection and sports.

 

The 26 agreements included a Letter of Intent to join the Lowering Emissions by Accelerating Forest Finance (LEAF) Coalition, and an Agreement on Cooperation to develop an action plan to strengthen linkages between the two countries’ higher education institutions.

 

Also a Memorandum of Understanding was made on enhancing cooperation in education through exchange of experiences and best strategic aspects, and a Cooperation Agreement to develop human resource training programmes for the Ministry of Planning and Investment and support start-ups of Vietnam.

 

Rolls-Royce deal

 

Notably, VietJet Air and Rolls-Royce Group signed an agreement to provide engines and engine services for the wide-body fleet with a total value of US$400 million.

 

The SOVICO Group and Oxford University signed a Memorandum of Understanding to cooperate and finance investment in research and education development with a total value of GBP155 million ($212 million), and Affinity Investment Fund and HDBank reached a grant of $300 million for the programme on sustainable development and climate change combat.

 

The signed agreements, the total value of which amounts to billions of US dollars in various fields, demonstrate the strongly developing Vietnam -UK relations. — VNS

 

[snoop1130]

Vietnam becomes UK’s biggest trade partner in ASEAN

 

 

Vietnam and the United Kingdom have signed 26 cooperation deals, covering areas from trade, agriculture, education, and training to energy and environmental protection. This potentially makes Vietnam the UK’s biggest trade partner in ASEAN.

 

Vietnam’s Prime Minister Pham Minh Chinh attended and witnessed the ceremony to sign the agreements between ministries, various sectors, and businesses from Vietnam and the United Kingdom on Monday.

 

The 26 agreements include:

• A Letter of Intent to join the Lowering Emissions by Accelerating Forest Finance (LEAF) Coalition
• An Agreement on Cooperation to develop an action plan to strengthen links between the two countries higher education institutions
• A Memorandum of Understanding on enhancing cooperation in education through the exchange of experience and best strategies 
• A Cooperation Agreement to develop human resource training programs for the Ministry of Planning and Investment and support for Vietnamese start-ups

Full Story: https://www.thaipbsworld.com/vietnam-becomes-uks-biggest-trade-partner-in-asean/

 

-- © Copyright Thai PBS 2021-11-02

 

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