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  • News
  • News in Vietnam
  • 2 November 2021

26 billion-dollar cooperation agreements between Vietnam and the UK

Many cooperation agreements of leading Vietnamese enterprises with British partners have just been signed, such as Vietjet and Rolls-Royce, Sovico with Oxford University, HDBank, and Affinity Investment Fund….

Prime Minister Pham Minh Chinh attended and witnessed the signing and awarding ceremony of 26 cooperation agreements in the fields of trade, agriculture, energy, and health. , education, training, environmental protection, sports … of ministries, branches and businesses between Vietnam and the UK which are worth billions of USD.

Vietjet Air and Rolls-Royce Group signed an agreement to provide engines and engineering services for the wide-body fleet with a total value of 400 million USD. Mr. Ewen McDonald, customer manager of Rolls-Royce Civil Aerospace, said that this engine has the lowest fuel consumption cycle, and the aircraft brings the highest economic efficiency.

Sovico Group and Oxford University signed a Memorandum of Understanding to cooperate and fund research and education development with a total value of £155 million. The scholarship fund of 7.5 million pounds will be for students in Vietnam and other countries in the region. Oxford University is also committed to developing and implementing a strategy to eliminate CO2 emissions for Sovico Group and its customers and partners by 2050.

Affinity Investment Fund and HDBank signed a grant of 300 million USD for sustainable development and combating climate change.

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.

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…

In the recently signed agreements, there is also a letter of intent to join the Coalition to reduce emissions through strengthening forestry finance; cooperation agreement to develop action plans to improve 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…

At the ceremony, the representative of the British Government gave Deputy Minister of Health Nguyen Truong Son £500,000 to support the Vietnamese Government in the fight against the Covid-19 epidemic. This is the amount of money that Prime Minister Johnson announced to donate to Vietnam a few days ago when he spoke by phone with Prime Minister Pham Minh Chinh.

(Source: VnExpress)

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