VOV.VN - To penetrate deep into the United Kingdom, Vietnamese businesses have been advised to carefully explore its indigenous culture as well as payment methods and distribution channels.

The UK – Vietnam Free Trade Agreement (UKVFTA), which will take effect on May 1, is expected to open up opportunities for UK health care companies to navigate the Vietnamese market.

In order to take advantage of FTAs ​​and increase the Vietnamese rice export market share at more competitive prices, the Ministry of Industry and Trade will continue to coordinate with ministries, branches and the Vietnam Food Association to help businesses effectively implement the deals and make the most of markets such as the RoK and the EU.

Vietnam has been making good use of advantages of the international economic integration process, helping to increase the country’s exports by 22% year-on-year and imports by 26% in the first quarter of 2021, said Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade.

Vietnam will announce to the UK side its ratification of the UK-Vietnam Free Trade Agreement (UKVFTA) this month, so the deal can officially come into force from May 1.

Deputy Minister of Foreign Affairs To Anh Dung on March 26 chaired a ceremony to exchange official notes between Vietnam and the UK confirming the effective date of the UK-Vietnam Free Trade Agreement (UKVFTA).

The Vietnamese Government has issued a Resolution approving the UK-Vietnam Free Trade Agreement (UKVFTA) and will complete procedures this month to officially bring it into force on May 1, Deputy Minister of Industry and Trade Dang Hoang An has said.

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 - Bilateral trade between Vietnam and the UK reached US$657.35 million during January, representing an annual increase of 78.57%, according to the European-American Market Department.

VOV.VN - Amid complicated developments of the COVID-19 pandemic globally, the Ministry of Industry and Trade (MoIT) has set an export growth target of between 4% and 5% for this year, with a specific focus on taking full advantage of new-generation free trade agreements, said Tran Thanh Hai, deputy director of the Import and Export Department.