On the occasion of the city leader delegation's visit to London, UK to attend the Clipper 2015-16 Round the World Yacht Race Closing and Prize Giving Ceremony at St. Katharines Port, Danang Investment Promotion Center coordinated with KPMG Company and Asia House to organize a Business Roundtable discussion in the afternoon of August 1st, 2016. Mr. Dang Viet Dung, Vice Chairman of Danang People's Committee chaired the discussion. More than 20 British companies operating in such fields as finance-banking, architect, urban planning, pharmaceuticals… participated in the event.
Speaking at the meeting, Vice Chairman Dang Viet Dung expressed that since Vietnam and the UK established the official diplomatic relationship more than 40 years ago, the economic, political and cultural cooperation between the two countries has been constantly expanded. The Joint Declaration, which was signed in September, 2010, established a strategic partnership between Vietnam and the UK, creating a favorable legal framework for the two countries to further enhance the bilateral economic, trade and investment relationship. Although the friendly and economic relationship between Danang businesses and British businesses is still quite limited, it has shown signs of improvement. In 2015, the import-export turnover between Danang and the UK was estimated at USD 30.3 million. Danang identifies the UK as one of its strategic partners in EU which has competitive advantages in finance and technologies, and the city would like to attract more investment in such fields as banking – finance, trade, education and hi-tech industries… from the UK to Danang. Mr. Dang Viet Dung encouraged more and more British companies coming to invest in Danang in the coming time and pledged that to create the most favorable conditions for businesses in the UK to come and invest in Danang.
At the meeting, Mr. Douglas Lippoldt, Senior Trade Economist, Global Research at HSBC, and Ms. Amanda Davenport, Senior Manager M&A Tax at KPMG UK, shared information regarding the socio-economic achievements, investment environment and investment experiences in Vietnam. Mr. Lam Quang Minh – Director of Danang Deparment of Foreign Affairs briefly introduced Danang's investment environment, opportunities and development orientation for British businesses.
IPC Danang
