A recent survey in the UK shows that Vietnam is among 15 markets most favored by British companies for their investment and trade activities.
 |
|
An HSBC office in Vietnam
|
According to another recent report of the UK trade and investment promotion agency (UKTI), Vietnam is one of 17 key markets targeted by British firms.
According to commercial counselor of the Vietnamese Embassy in the UK An The Dung, in the first 10 months of 2009, Vietnam’s exports to the UK were worth of £893 million, up 7.4% against the same period of 2008. Meanwhile, the country spent £171 million on imports from the Kingdom, up 12%.
The ten-month two-way trade turnover rose 7.4% to nearly £1.1 billion, Mr. Dung revealed, noting that the figure is likely to reach £1.8 billion in 2009.
UK investors currently have 126 projects valuing roughly US $2 billion in Vietnam. Many well-known UK firms have appeared in Vietnam, including BP, Shell, BAT, GlaxoSmithKline, Tate & Lyle, Prudential, HSBC, Standard Chartered Bank, Coats, Unilever, ICI and Catrol./.