Deputy Minister: UKVFTA to officially enter into force on May 1
The Vietnamese Government has issued a Resolution approving the UK-Vietnam Free Trade Agreement (UKVFTA) and will complete procedures this month to officially bring it into force on May 1, Deputy Minister of Industry and Trade Dang Hoang An has said.
Deputy Minister of Industry and Trade Dang Hoang An (Photo: VNA)
Hanoi (VNA) - The Vietnamese Government hasissued a Resolution approving the UK-Vietnam Free Trade Agreement (UKVFTA) andwill complete procedures this month to officially bring it into force on May 1, DeputyMinister of Industry and Trade Dang Hoang An has said.
During phone talks with Minister of State for Trade Policy Greg Hands on March 16,An said the UKVFTA temporarily took effect from January 1 to ensure undisruptedtrade between Vietnam and the UK.
Hands expressed his thanks to the VietnameseGovernment and especially the Ministry of Industry and Trade for their closecoordination in signing and handling procedures to put the deal into force atthe earliest possible time.
An was also delighted at the ratification of theUKVFTA by the two nations.
Regarding the UK’s bid to join the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP), Hands thankedVietnam for its stance and support over recent times and expressed his hope of receivingfurther assistance to step up the process.
On the expansion of the CPTPP to other economies, Ansaid Vietnam will follow domestic procedures, including reporting to theNational Assembly for approval.
Both sides agreed to hold the 12th meetingof the Vietnam - UK Joint Economic and TradeCommittee (JETCO) in August if conditions allow, assign tech🧔nical teams toreview the implementation of documents reached at JETCO 11, and offer specificsuggestions to JETCO 12 for discussion.
Garment sector puts high hope on EVFTA (Photo: VNA)
According to the General Departmentof Vietnam Customs, two-way trade between Vietnam and the UK reached 1.024billion USD in the first two months of this year, a 20.05 percent increase year-on-year.The UK’s exports to Vietnam hit 96.3 million USD.
There is space for Vietnam’s exportsto the UK to grow, especially mobile phones, spare parts, apparel, footwear,aquatic products, wood and wooden furniture, computers and accessories, cashewnuts, coffee, and pepper.
Bilateral economic and trade ties areexpected to continue being ༺a spotl♔ight in the relationship./.
The UK-Vietnam Free Trade Agreement (UKVFTA), which came into effective from January 1, will open the door larger for Vietnam’s key agricultural exports to the UK, Minister of Industry and Trade Tran Tuan Anh has said.
The UK-Vietnam Free Trade Agreement (UKVFTA), which became effective on January 1, is expected to create a strong motivation pushing Vietnam forwards on the path of economic development and international integration.
After the UK-Vietnam Free Trade Agreement (UKVFTA) took effect on December 31, 2020, both sides saw impressive growth in their two-way trade though exports faced formidable challenges caused by the COVID-19 pandemic.
Two-way trade between Vietnam and the UK in the first two months of the year surged 29.2 percent year-on-year, hitting 1.1 billion USD, according to the Ministry of Industry and Trade.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Deputy Minister of Industry and Trade Dang Hoang An (Photo: VNA) 
Garment sector puts high hope on EVFTA (Photo: VNA) 
