Vietnamese businesses to promote investment in UK event

October 3, 2006

 
   

Minister of Planning and Investment Vo Hong Phuc and almost 100 Vietnamese businesses left Hanoi Monday for the UK to promote investment at the “Vietnam Days” event scheduled for Oct. 4-8.

The delegation will attend a forum on trade, investment and tourism and a series of workshops to promote indirect investment and financing services as well as on foreign direct investment, energy and infrastructure.

Business executives from giants in petroleum, marines and tourism also plan to conduct market surveys in several regions and promote investment from British leading companies.

Vietnam and Britain recorded $1.4 billion in two-way trade revenues in 2005.

Vietnam exported footwear, garments, wooden furniture, road transport facilities and machinery, and imported pharmaceuticals, medical equipment and telecommunications parts.

The UK has so far invested in Vietnam 74 projects, capitalized at over $1.3 billion, ranking 12th among 74 foreign investors and third among EU investors in Vietnam.

Source: VNA

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