Party chief To Lam attends Vietnam–UK High-level Economic Conference, witnesses signing of cooperation agreements

General Secretary To Lam witnesses the signing of cooperation agreements between ministries, sectors, localities, and enterprises of the two countries. (Source: VNA)

The agreements between ministries, governmental agencies include: Agreement on cooperation and mutual administrative assistance in customs; Cooperation in green finance development; Cooperation in providing capital for key projects in Vietnam; Development of an international financial center; Cooperation in international bond issuance; Agreement on clean energy; Memorandum on product safety; Cooperation on clean energy and grid transition; Partnership framework for disaster risk reduction; Agreement on implementing the technical support project "Sustainable Transition, Climate Change and Ocean Adaptation".

The cooperation agreements between localities and international organizations include: Friendship cooperation between two cities (Ho Chi Minh City and Liverpool); Investment registration certificate for Castrol Gogoro Mobility joint venture project in the electric motorcycle sector in Vietnam; Cooperation in research and establishment of maintenance, repair, and overhaul (MRO) facility at Van Don airport; Cooperation in satellite design and production in Vietnam.

General Secretary To Lam and the high-level Vietnamese delegation witnessed the Signing Ceremony of cooperation agreements by ministries, governmental agencies, localities, and corporations at the Vietnam-UK High-Level Economic Conference. (Source: VNA)

The cooperation agreements between corporations and enterprises include: Export credit financing cooperation for PVN's renewable energy project and its subsidiaries; Support for British medical experts from Facing the World to conduct charity programs in Vietnam and provide training programs for doctors at Facing the World's partner hospitals; Cooperation in sharing experiences and supporting performance exchanges, artist delegations; Contract to purchase 100 A321neo aircraft with options for 50 additional aircraft worth 25 billion USD; Contract for Rolls-Royce Trent 7000 maintenance and spare engine services for Vietjet's A330neo fleet worth 3.8 billion USD;

Comprehensive strategic cooperation to enhance access to new drugs, clinical trial research, and practical knowledge transfer in vaccine production (worth 500 million pounds); Training cooperation to support Vietnamese experts in applying international financial reporting standards (IFRS); Cooperation on: developing an integrated English model in schools, applying AI technology for computer-based exams, and integrating AI in curricula; Establishing cooperation to set up franchised international boarding schools under the name, brand, spirit, and expertise of Ardingly College in Vietnam;

Cooperation to leverage FPT's digital capabilities and advanced AI applications to promote Chelsea's comprehensive digital transformation, including digital platforms, fan interaction, business operations, and new technologies; Research and development cooperation for integrated seaport, airport, logistics, and industrial complexes; Business cooperation on natural flavors, green chemical development; Sharing information and business operation experiences in the lottery sector.

General Secretary To Lam and delegates attended the Vietnam-UK Business Forum. (Source: VNA)

Vietnam stands ready to become a reliable and dynamic partner, a place where the UK's technologies can spread, develop, and generate new value for businesses and people of both nations, as well as for the region and the world, General Secretary of the Communist Party of Vietnam Central Committee To Lam has said.

Addressing the Vietnam–UK High-level Economic Conference in London, General Secretary Lam stressed that through the concerted efforts and determination of the Party, State, people, and business community, Vietnam has maintained comprehensive stability and strong growth, emerging as a bright spot for fast and sustainable economic development in the region and the world.

He said that Vietnam is entering a new phase of development with the aspiration to become a developed, high-income nation by 2045, built on three pillars: independence and self-reliance, innovation, and deep international integration. To achieve this, economic growth from 2026 onward must reach at least 10% per year.

While acknowledging that this is an ambitious goal, the Party chief expressed his confidence that it can be realised thanks to Vietnam’s young, creative, and industrious workforce; its wide network of international partners and markets; and the cooperation of trusted friends, including UK businesses. He underscored that humans are always the centre, the subject, and the goal of all development policies.

The General Secretary reaffirmed Vietnam’s consistent path toward sustainable development — harmonising economic growth, social progress, and environmental protection. With a foreign policy of independence, self-reliance, diversification and multilateralisation, Vietnam attaches great importance to relations with the UK, a strategic partner that plays a key role in the global cooperation architecture.

He highlighted that Vietnam–UK relations have been continually strengthened and expanded, with both sides sharing common values such as peace, respect for law, free trade, and sustainable development. Trade and investment, a key pillar of the bilateral ties, have witnessed remarkable progress, laying a solid foundation for the two countries’ recent decision to elevate their ties to a Comprehensive Strategic Partnership, opening a new chapter in bilateral cooperation.

Regarding cooperation in developing an international financial centre, the Vietnamese Party leader suggested three priority areas: green finance and carbon markets, Fintech and digital banking; and human resource development in international finance.

He emphasised that science, technology, and innovation are identified in Vietnam’s 10-year socio-economic development strategy for the 2021–2030 period with a vision to 2045 as a strategic breakthrough and a key driver to achieve the goal of becoming a modern industrialised nation by 2030 and a high-income developed country by 2045.

Vietnam considers the UK one of its most important strategic partners in the fields of science, technology, innovation, and digital transformation. The combination of Vietnam’s young, creative, and dynamic human resources with the UK’s strengths in technology, research, and governance will create new momentum for bilateral cooperation in the digital era, the Party chief stressed.

General Secretary Lam also emphasised that in the face of climate change and the global energy crisis, green transition and renewable energy development are not only inevitable trends but also the responsibility of today’s generation to the future of humanity. Under Vietnam’s National Energy Development Strategy to 2030 with a vision to 2045, the country prioritises rapid and sustainable energy development, ecological protection, and climate change adaptation, in line with the goal of achieving net-zero emissions by 2050 and Vietnam’s commitments made at COP26 and COP28.

He stressed that Vietnam views renewable energy not merely as an economic sector, but as the foundation for energy security, sustainable development, and a greener future for coming generations. Each cooperation project in this field will deepen Vietnam–UK relations and affirm that economic growth and environmental protection can and must go hand in hand.

The Party chief requested Vietnamese ministries, sectors, and localities to consider the recommendations made at the conference and actively work with the UK side to translate them into concrete programmes, projects, and cooperation agreements. He encouraged businesses from both countries to become pioneers in innovation cooperation, value chain linkages, and the adoption of ESG standards, thereby promoting green growth, social responsibility, and shared prosperity.

The governments, ministries, and localities of both countries should continue close coordination and provide stronger support for enterprises while fostering a transparent, stable, and enabling investment environment and encouraging partnerships in research, training, and technology transfer, he suggested.

Vietnam remains committed to accompanying investors, further improving its institutions, and ensuring a transparent, stable, and favourable investment environment for UK companies in particular and the international business community in general while also encouraging Vietnamese enterprises to invest in the UK to make bilateral relations increasingly substantive and sustainable, the General Secretary promised.

At the conference, enterprises, organisations, and experts from both countries discussed practical cooperation opportunities in three key areas: finance, technology, and energy. They agreed that the potential for collaboration between Vietnam and the UK is vast and entirely achievable with timely mechanisms, policies, and joint efforts, demonstrating the great room and momentum for bilateral cooperation./.