Trade revenue between Vietnam and the UK is expected to reach US$10 billion in the next one or two years thanks to strong support from the Vietnam-UK Free Trade Agreement (UKVFTA).

A year after the UK-Vietnam Free Trade Agreement (UKVFTA) came into effect in early 2021, trade between the two countries has shown significant growth despite the impact of the COVID-19 pandemic, said an official of the Ministry of Industry and Trade (MoIT).

Chairman of the National Assembly Vuong Dinh Hue arrived at Hanoi’s Noi Bai International Airport on July 1 afternoon, successfully wrapping up his official visits to Hungary and the United Kingdom from June 26 – 30.

VOV.VN - The Vietnam-UK strategic partnership has seen strong development across multiple fields in recent years, with the relationship still having plenty of potential for stronger growth.

VOV.VN - Vietnamese export turnover to Hungary has recorded impressive growth over recent years, with the total export turnover to the European nation in 2020 reaching US$1 billion, marking an eight-fold increase compared to 2016, according to Hungarian statistics.

Vietnamese Consul General to Vladivostok Nguyen Dang Hien made a working trip to the Republic of Sakha (Yakutia) from June 21-25 aiming to promote cooperation between Vietnam and this republic of Russia. ​

VOV.VN - President Nguyen Xuan Phuc hosted receptions in Hanoi on June 13 for Croatian and Senegalese ambassadors who presented their letters of credence.

VOV.VN - Minister of Agriculture and Rural Development Le Minh Hoan has said that his Ministry will adjust policies aimed at encouraging firms to invest in agriculture, as well as to develop production in line with international standards and practices to better serve agricultural exports.

The European Union (EU) is striving to support the Vietnamese government to fully materialise the EU-Vietnam Free Trade Agreement (EVFTA) through the ASEAN Regional Integration Support – Vietnam Trade-Related Assistance (ARISE+ Vietnam).

VOV.VN - Free trade agreements (FTAs) bring competitive advantages to Vietnamese exports, but also pose many risks due to the rise of trade barriers.