Coffee beans being dried in Lâm Đồng Province's Lạc Dương District. — VNA/VNS Photo
The Central Highlands Province of Lâm Đồng is striving to accelerate exports of advantaged items such as tea, coffee, passion fruit, macadamia, avocado, durian and silk-made products to the United Kingdom.
Vice chairman of Lâm Đồng People's Committee, Phạm S, said that with existing potentials and advantages, his province enjoyed many opportunities to expand cooperation with localities in the UK, especially after the UK-Việt Nam Free Trade Agreement (UKVFTA) came into force on May 1, 2021.
He suggested localities, associations, organisations and businesses of the UK strengthen cooperation with his locality in trade, investment and tourism promotion and promote consumption of the mentioned products in this lucrative market during a seminar in the West Midlands region of the UK earlier this month.
Over the past years, the trade, investment and tourism cooperation between Lâm Đồng Province and the UK has continuously developed.
Lâm Đồng is now home to four valid Britain-invested projects with a total registered capital of over VNĐ4.1 trillion (US$172.5 million), accounting for 31.7 per cent of the total foreign investment pledged in the province.
In 2022, the province exported about $7.67 million worth of goods to the UK, with major staples including coffee, vegetables, raw materials and garment products. It also spent $2.1 million on importing goods from the UK.
Last year, it welcomed nearly 5,700 British visitors. In the first nine months of this year, 4,500 British visitors arrived in the locality. This figure is expected to increase significantly soon.
For sustainable development in the integration period, Lâm Đồng invited foreign businesses, especially those from the UK, to come to learn and invest in the advantageous areas of the province on the principle of win-win cooperation, contributing to creating a breakthrough and promoting its economy to develop quickly and sustainably, local authorities said.
They added that the province is promoting administrative reform to create breakthroughs in improving the business investment environment and accompany and resolve difficulties and problems of investors, including UK ones. — VNS