Vietnam and United Kingdom signed 26 cooperation agreements

The Vietnam Prime Minister ‘s trip to the United Kingdom on October 31, 2021 is a meaningful trip for Vietnam, especially, during the period when the country’s economy is in the process of recovering from the pandemic. The Prime Minister’s trip has realized many important goals with many activities both on multilateral forums and bilateral contacts, combining meetings with the Vietnamese community and businesses.

With this trip, the Prime Minister participated in 26 billion-dollar cooperation agreements between Vietnam and the UK. Many cooperation agreements of leading Vietnamese enterprises with British partners have just been signed. These cooperation agreements are expected, after being implemented, to bring many economic advantages as well as further promote the strategic partnership between the two countries.

Specifically, with the witness of the Prime Minister, 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 400 million USD. With this agreement, Vietjet’s aircraft engines will be improved in terms of the lowest fuel consumption lifecycle and bring the highest economic efficiency to the aircraft.

In addition, Sovico Group and Oxford University signed a Memorandum of Understanding to cooperate, finance investment in research and education development with a total value of £155 million. In which, the scholarship fund of 7.5 million pounds will be for students in Vietnam and other countries in the region. This is a potential and very valuable source of scholarships for Vietnamese students.

At the ceremony, Affinity Investment Fund and Vietnam’s HDBank also agreed to sign a sponsorship of 300 million USD for the program of sustainable development and combating climate change. This is a cooperation of great significance to the environment as well as showing deep concern for the current state of climate change.

Meanwhile, EMG Education Group signed a memorandum of understanding on comprehensive educational cooperation with Pearson Education Group; Vingroup and a representative of Raphael Labs Company (UK) signed an agreement on cooperation, development, investment, testing and technology transfer for the production of drugs to prevent Covid-19 and respiratory diseases. This agreement is expected to help the parties jointly promote research and find effective vaccine production technologies, contributing to quickly bringing socio-economic life back to normal.

In addition, T&T Group, a representative of Hanoi Medical University and a representative of Hipra Group (Spain) awarded an agreement on cooperation in building a vaccine research center in Vietnam and training human resources. This cooperation will help Vietnam have the opportunity to train human resources, access to advanced Spanish technology.

Moreover, in the recently signed agreements, there is a letter of intent to join the Coalition to reduce emissions through enhanced forestry finance; agreement on cooperation to develop action plans to strengthen linkages between higher education institutions between the two countries; memorandum of understanding on enhancing cooperation in education; agreement on cooperation in building human resource training programs for the Ministry of Planning and Investment and supporting start-ups; cooperation agreement on technology transfer on land management and related human resource training…in Vietnam.

It can be seen that this trip of the Prime Minister is not only an ordinary visit but also an opportunity for Vietnam to promote cooperation with bilateral partners, international organizations and multilateral partners other, seek opportunities to receive financial support, technology, and capacity building for the country.

Set-up company in Da Nang

Assistance In Setting up Business Venture in Vietnam

Set-up Business in Vietnam

Set-up Limited Liability Company in Vietnam