The United Kingdom launched its new Modern Industrial Strategy on June 26.

This is a bold ten-year plan designed to drive innovation, attract global investment, and create over one million high-quality jobs.

More than a domestic initiative, this strategy is a global invitation, especially to trusted partners like Vietnam, to collaborate in building a more resilient, sustainable, and prosperous future.

Mr. Martin Kent, Majesty’s Trade Commissioner for Asia Pacific, said that the UK Government’s new Industrial Strategy is set to further deepen trade between the UK and Asia Pacific, which is already worth over £135 billion (over $185 billion).

"This plan will strengthen infrastructure, reduce costs, and simplify regulation - providing Asia Pacific businesses with the stability and ease needed to continue making long-term investment decisions," said Mr. Kent. "Asia Pacific is already the largest regional source of investment into the UK outside North America and Europe, and I look forward to seeing our partnership grow following the Strategy's launch.”

Growth is the UK Government’s No.1 priority - and business is at the heart of it. Vietnam is similarly focused on achieving double-digit growth through supporting the private sector.

With this shared vision and trusted partnership, the UK is committed to working with Vietnam to open its markets and enable its companies to thrive through trade, according to Mr. Kent.

Eight priority sectors outlined in the Industrial Strategy chime with the fantastic existing partnerships. They are Advanced Manufacturing, Clean Energy Industries, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences, Professional and Business Services.

We are building stronger opportunities for growth on what we already have, Mr. Kent added.

British Consul General in Ho Chi Minh City, Ms. Alexandra Smith, noted that both Vietnam and the UK are focused on sustainable growth and innovation. "This strategy is not about turning inward—it’s about being opened to opportunities," she said. "We are inviting Vietnamese businesses, investors, and innovators to join us in shaping the industries of the future. By simplifying regulations, reducing costs, and strengthening infrastructure, the UK is creating an environment where Vietnamese enterprises can thrive globally."

According to Ms. Smith, the UK is home to one of the world’s most trusted financial systems and offers a stable, transparent environment for international partners. With the G7’s lowest corporate tax rate and generous R&D incentives we are inviting companies, including those from Vietnam, to grow with us. This strategy strengthens the already dynamic economic relationship between two countries.”

The UK’s Modern Industrial Strategy is designed to give businesses the confidence to invest long-term. It aims to make it quicker, easier, and more cost-effective to do business in the UK, while also supporting global partners in scaling their operations and accessing new markets.