The UK-Vietnam Free Trade Agreement (UKVFTA) is expected to intensify economic cohesion and reciprocation between the two countries, thus deepening and elevating the bilateral strategic partnership, said a diplomat. ​

Although the UK-Vietnam Free Trade Agreement (UKVFTA) inherits basic contents from the EU-Vietnam FTA (EVFTA), there remain differences between the two deals, said Vietnamese Trade Counsellor in the UK Nguyen Canh Cuong.

Multinationals are looking to set up their bases in Vietnam despite various challenges that the country poses as a manufacturing destination, according to the Financial Times in the UK.

“I am hugely excited that the two ambassadors are finalising this trade agreement by signing it today (December 29), cementing our historic ties and ushering in a bright future. I can’t wait to visit again”, Heather Wheeler, MP and Prime Minister’s Trade Envoy for Cambodia, Laos, Vietnam said in an interview with Vietnam News Agency correspondents.

VOV.VN - A bilateral free trade agreement between the United Kingdom and Vietnam was signed in London on December 29 by representatives of the two countries.

The UK-Vietnam Free Trade Agreement (UKVFTA), expected to come into force in the beginning of 2021, is promising several export opportunities to the European market for Vietnamese garment-textile and footwear enterprises.

VOV.VN - The National Steering Committee on COVID-19 Prevention and Control on Dec. 25 decided to raise preventive measures to a new level after new variants of the SARS-CoV-2 virus were detected in a number countries.

VOV.VN - The Ministry of Health on December 24 reported the discovery of an additional 12 fresh imported COVID-19 cases, bringing the overall number of infections in the country to 1,433.

VOV.VN - Vietnam has ratified a free frade agreement (FTA) with the European Union, and inked the Regional Comprehensive Economic Partnership , and another FTA with the United Kingdom, offering a window of opportunity for the country to boost trade with its partners.

VOV.VN - The national brand of Vietnam has been valued at US$319 billion for this year by Brand Finance, a sharp increase of 29% in comparison to the previous year, thereby becoming the fastest growing national brand in the world.