Two-way trade between Vietnam and the UK in the first two months of the year surged 29.2%year-on-year, hitting US$1.1 billion, according to the Ministry of Industry and Trade.

VOV.VN - Vietnamese Deputy Minister of Foreign Affairs To Anh Dung and Minister for Asia at the UK's Foreign, Commonwealth & Development Office (FCDO) Nigel Adams showed their elation at the positive and comprehensive development of the Vietnam-UK relationship during their phone talks on March 4.

Vietnamese enterprises should dig into new technologies to improve product quality and brands so as to better engage in the global value chains, Minister of Industry and Trade Tran Tuan Anh has said.

To achieve important targets in 2021-2025, Vietnam should consider economic digitalisation key to shifting its growth model and shortly carry out a “post-COVID-19” mid-term programme in association with economic restructuring on the basis of taking advantage of opportunities brought about by free trade agreements (FTAs).

High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky rice – which are advantageous staples of Vietnamese enterprises.

After suffering a significant fall in revenue last year, the mechanical engineering industry has high hopes for recovery in 2021, given Vietnam’s good COVID-19 control and participation in free trade agreements.

VOV.VN - Vietnamese firms must improve product quality, strictly follow the rules of origin and ensure food safety to export goods to the UK under the recently signed UK-Vietnam Free Trade Agreement, speakers said at a seminar in Ho Chi Minh City on January 28.

The UK-Vietnam Free Trade Agreement (UKVFTA), which will come into force at 23:00 on December 31, 2020, will open the door wider for bilateral economic and trade ties and help form a solid foundation for their strategic partnership to reach a new height.

British Ambassador to Vietnam Gareth Ward has expressed his belief that the UK – Vietnam Free Trade Agreement (UKVFTA), which was officially signed in London on December 29, will bring many benefits to the two countries’ trading relationship in the future.

VOV.VN - Vietnam and Ukraine have more room to increase their trade exchanges to US$1 billion in the next three years.