Since Vietnam and the UK established diplomatic relations in 1973 and upgraded to a Strategic Partnership in September 2010, the two sides have enjoyed strong growth in all-round cooperation.

Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the United Kingdom.

VOV.VN - Vietnam and the United Kingdom continue to affirm their roles as key economic partners, with considerable untapped potential, especially in the fields of trade and renewable energy that are receiving increasing attention and momentum, according to Deputy Minister of Industry and Trade Nguyen Hoang Long.

VOV.VN - Prime Minister Pham Minh Chinh on June 28 chaired a high-level dialogue with British businesses operating in Vietnam, demonstrating the government’s strong commitment to supporting British investors and enhancing bilateral economic cooperation.

The UK and Vietnam possess significant untapped potential for cooperation in digital trade, services, green technology, fintech, artificial intelligence (AI), semiconductor, quantum technology, and other emerging sectors, heard a workshop held in London on June 9.

VOV.VN - The leadership of Swire, a highly diversified business group of the UK, has expressed their desire to expand operations in Vietnam during their recent working session in London with Deputy Prime Minister Nguyen Hoa Binh who was on a working trip to the UK.

The UK’s exports of goods to Vietnam grew by 9.9% last year, and the country is aiming to maintain this momentum in 2025.

Vietnamese export businesses need to prepare for the United Kingdom (UK)’s carbon border adjustment mechanism (CBAM), which will take effect from 2027.

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’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self-sufficiency in raw materials in order to meet the rules of origin under the UK – Vietnam Free Trade Agreement (UKVFTA) for expanding exports to this market.