Vietnam, UK partner to effectively utilise UKVFTA
VOV.VN - The Ministry of Industry and Trade will co-ordinate with the British Embassy in Vietnam to co-host the seminar "One-year journey of the UKVFTA: Remarkable achievements and the vision ahead” on March 15.
The event is set to be held in both Hanoi and London with the aim of reviewing the achievements recorded one year on from the UK - Vietnam Free Trade Agreement (UKVFTA) taking effect. In addition, it will simultaneously evaluate the role of the trade pact in creating growth momentum for the country's export sectors and local businesses during the post-COVID-19 recovery period.
The seminar is expected to provide an ideal opportunity for both nations' business communities to determine the future orientations and share their experience in taking full advantage of the agreement.
Furthermore, it will serve as a forum for the business community to resolve problems for import-export firms in the process of implement the UKVFTA.
The UKVFTA Agreement was officially signed in London on December 29, 2020, before officially coming into force from May 1, 2021.
According to preliminary statistics compiled by the General Department of Vietnam Customs, bilateral turnover between Vietnam and the UK last year surged by 17.24% to reach US$6.61 billion.
