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Vietnam, UK elevate relations to Comprehensive Strategic Partnership
A joint statement on the upgrade of the bilateral relationship was issued on October 29, following the talks between Party General Secretary To Lam and UK Prime Minister Keir Starmer in London.
Vietnam and the United Kingdom issued a joint statement announcing the elevation of Vietnam–UK relations to a Comprehensive Strategic Partnership, following the talks between General Secretary of the Communist Party of Vietnam Central Committee To Lam and UK Prime Minister Keir Starmer in London on October 29 (local time), according to a report from the Vietnam News Agency.
According to the joint statement, both sides reaffirmed their commitment to further enhancing economic cooperation, a key pillar of the bilateral relationship, championing free, fair, inclusive and sustainable trade and supporting a transparent and rules-based international trading system.
Vietnam and the UK will strive to enable a fair, transparent and open business environment in both countries, removing market access barriers and facilitating smooth two-way trade so businesses from both countries can export and invest with confidence.
Both sides reaffirmed their respective commitment to close coordination to effectively implement and review the Vietnam-UK Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Both sides agreed to strengthen cooperation in the development of Vietnam’s international financial center in Ho Chi Minh City and Da Nang, including through the Vietnam-UK International Financial Centre partnership.
Both sides agreed to strengthen cooperation by mobilising green finance to promote low-emission, resilient green growth, working together to share expertise and deploy green financial instruments in Vietnam, including through the launch of the Vietnam-UK Green Finance Partnership.
Both sides agreed to expand cooperation in trade finance through the design and implementation of transparent, effective, and sustainable trade finance mechanisms.
Both sides committed to enhancing cooperation in science and technology, innovation, and digital transformation, recognising these as key drivers for sustainable and inclusive development.
Source: VnEconomy
