An official of the UK Department for Business and Trade identified green technology, fintech, health care, and many others as promising areas for deeper collaboration between Vietnam and the UK.
Vietnamese Ambassador to the UK Do Minh Hung is confident that Standing Deputy PM Nguyen Hoa Binh's visit to the UK will be a success, creating new momentum for cooperation in economy, finance, education, and training, contributing practically to the dynamic and effective development of the Vietnam-UK Strategic Partnership
Vietnamese goods have steadily established a strong presence in the UK, with exports to this demanding market continously growing since 2021, said Hoang Le Hang, First Secretary of the Vietnam Trade Office in the UK.
Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son talked over the phone with the UK’s Secretary of State for Foreign, Commonwealth and Development Affairs David Lammy on December 20.
Together with the UK - Vietnam Free Trade Agreement (UKVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will create new opportunities for companies and consumers in the UK and Vietnam, affirmed British Ambassador to Vietnam Iain Frew.
Vietnam earned 6.4 billion USD from exports to the UK in the first 10 months of this year, marking a year-on-year rise of 22%, reported the General Department of Vietnam Customs.
The UK’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to provide more opportunities for Vietnamese firms to expand export markets and create momentum for economic development, according to experts.
The National Assembly on June 25 morning ratified a resolution approving the UK’s accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with 94.25% of votes in favour.
Deputy Minister of Foreign Affairs Le Thi Thu Hang and visiting Permanent Under-Secretary at the UK’s Foreign, Commonwealth & Development Office Philip Barton shared the view on the need for Vietnam and the UK to enhance cooperation in various spheres.
Experts say three years after it came into effect, the Vietnam-UK Trade Agreement (UKVFTA) has opened many opportunities for businesses in the textile, garment, and leather - footwear sectors to boost exports and increase value.
The UK-Vietnam Free Trade Agreement (UKVFTA) and the UK’s signing of an agreement to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on July 16 will create a strong driving force to further boost bilateral economic-trade-investment ties.
Vietnamese firms should foster their imports of raw materials from the United Kingdom (UK) to enjoy preferential tariffs brought by the UK-Vietnam Free Trade Agreement (UKVFTA), trade experts have suggested.
The Ministry of Industry and Trade (MoIT) is focusing on improving provinces and cities’ capabilities in helping local businesses take advantage of free trade agreements such as the UKVFTA and EVFTA by issuing an FTA Index by the end of 2023.
Sanitary and phytosanitary (SPS) measures in foreign markets were introduced to businesses and local authorities at a forum held by the Coordination Office for Agriculture and Rural Affairs in the Mekong Delta and Vietnam Sanitary and Phytosaniary Notification Authority and Enquiry Point (Vietnam SPS) in the Mekong Delta city of Can Tho on November 9.
Vietnamese exporters of aquatic products are gradually adapting to the commitments made in the UK - Vietnam Free Trade Agreement (UKVFTA), said the Agency of Foreign Trade.
Quality and brand are recognised as decisive factors for Vietnam’s fruits and vegetables to tap the opportunities from the UK – Vietnam Free Trade Agreement (UKVFTA) and expand export to this highly demanding market, said Dang Phuc Nguyen, General Secretary of Vietnam Vegetable and Fruit Association (Vinafruit).
The export of Vietnamese goods to the United Kingdom (UK) is currently facing several challenges, attributed to both unfavourable international conditions and shifts in the UK’s trade and economic policies. Overcoming these hurdles will require increased proactive efforts from domestic businesses and regulatory authorities.
Vietnamese durian exports to the UK have increased due to high demand for this fruit and the advantages of the UK-Vietnam Free Trade Agreement (UKVFTA).
A trade and investment promotion forum was held in London on October 16 by the Vietnam Chamber of Commerce and Industry (VCCI) and the West London Chamber of Commerce (WLCC), bringing together businesses from the two countries.
