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.
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.
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).
VOV.VN - The Vietnamese Foreign Ministry’s Department of Foreign Affairs for Provinces and the Vietnamese Embassy in the UK co-hosted a seminar titled "Connecting Vietnam-West Midlands", with the event focusing on the west-central region of the UK, in Birmingham on October 10 within the framework of a promotion programme for Vietnamese localities in the UK this year.
The UK-Vietnam Free Trade Agreement (UKVFTA) has had a significant impact on Vietnam’s export-oriented industries, driving growth and opening up new opportunities for both countries, experts have said.
The UK's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will complement the existing UK-Vietnam Free Trade Agreement (UKVFTA) and help upgrade the bilateral relations thanks to additional preferential tariffs, Kemi Badenoch, Secretary of State for the Department for Business and Trade of the UK, reportedly said.
The Vietnamese Ministry of Labour, Invalids and Social Affairs and the British Embassy in Vietnam held a seminar in Hanoi on February 21 to promote bilateral cooperation in vocational education.
There remains potential for Vietnam and the UK to tap the UK-Vietnam Free Trade Agreement (UKVFTA) and expand bilateral trade ties, said Ngo Chung Khanh, Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Multilateral Trade Policy Department.
Vietnam’s real estate market is seeing more investments from the UK thanks to the UK-Vietnam Free Trade Agreement (UKVFTA).