Vietnamese businesses are advised to better exploit the UK-Vietnam Free Trade Agreement (UKVFTA) to build, develop brands and expand their presence in the UK market amid stiffer competition driven by the “Global Britain” policy.

VOV.VN - Based on the preliminary results recorded during the first half of the year, the Ministry of Industry and Trade anticipates that export turnover for the whole year is estimated to be at about US$368 billion, a year-on-year increase of around 9.46%.

The UK – Vietnam Free Trade Agreement (UKVFTA) is opening significant opportunities for enterprises from both sides to enhance cooperation in green energy transition and digital transformation as the Southeast Asian country strives to achieve net zero emissions by 2050.

Many British investors are seeking investment opportunities in Vietnam in the hope of cashing in on free trade agreements (FTAs) that Vietnam has signed with the UK and other economies worldwide.

A webinar was held on August 4 to update Vietnamese exporters on the UK Conformity Assessed (UKCA) mark, which is mandatory for most of industrial products circulated and used in the UK from next year.

While many products exported to the UK enjoyed strong increases thanks to the UK-Vietnam Free Trade Agreement (UKVFTA), Vietnam’s timber industry is facing difficulties in expanding in this market, requiring manufacturers and exporters to change their business strategies.

VOV.VN - A limited supply source of raw materials coupled with slowing market demand has been judged to be the main factor in the recent decline of Vietnamese shrimp export turnover, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - In order to penetrate deeply into the UK market and became the premium rice product, Vietnam must devise a strategy aimed at improving its rice quality, as well as working out a plan to build a suitable rice brand.

The UK market still has considerable room for Vietnamese rice suppliers to boost exports thanks to the UK-Vietnam Free Trade Agreement (UKVFTA) tariff quota and the Vietnamese community of more than 100,000 people in the UK, a senior trade official has said.

The Ministry of Planning and Investment has just issued two circulars specifying instructions for handling bidding packages under the UK-Vietnam Free Trade Agreement (UKVFTA).