Vietnam gives high priority to promoting renewable energy during its transition process to a low-carbon economy.

Vietnam has emerged as one of the new personal protective equipment (PPE) suppliers globally.

The opening of the negotiations with the UK would send a message on commitments of CPTPP members in supporting the establishment of fair, efficient and comprehensive international trade practice.

Vietnam is gradually transitioning towards green growth, with workers’ life and job security a focus of the government during this process, the Prime Minister has said.

The Vietnamese government would offer more incentives for UK enterprises to form linkages with Vietnamese partners in a move to setup new supply chains.

Vietnam is now ideally placed to attract additional foreign investment from the UK, the fifth largest global investor, said Tim Evans, CEO of HSBC Vietnam.

The UK is a major trading partner for members in the CPTPP, including Vietnam.

The two countries see China’s escalating influence and military activity in the region as a security threat.

The bilateral trade deal will ensure the continuity in trade relations between the UK and Vietnam after the Brexit’s transitional period ends on December 31, 2020.