The UK – Việt Nam Free Trade Agreement (UKVFTA) was promoting the influx of quality foreign direct investment (FDI) into Việt Nam.

Vietnamese exporters to the UK market should enhance their knowledge and capacity to cope with trade remedy investigations as the demand for using trade defense tools by the UK is anticipated to increase along with the rapid growth in trade revenue promoted by the enforcement of the UK- Việt Nam Free Trade Agreement (UKVFTA).

Vietnam’s seafood exports to the UK are expected to pick up in the remaining months of this year with the full-year revenues projected to increase by 5% over last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The UK – Vietnam Free Trade Agreement (UKFTA) was providing significant opportunities for Vietnam to expand the export of steel and iron products in the UK.

Industrial products contribute significantly to Vietnam’s export value to the UK.

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

With a revenue of US$117.7 billion in 2021, the UK is the fourth largest market for e-commerce in the world, placing it ahead of Germany and behind Japan, according to a global provider of market and consumer data Statista.

Amid countries around the world, especially major economies, facing recessions due to soaring inflation, it is crucial to promote trade through trade offices in foreign countries, especially those that have signed treaties with Việt Nam, including the United Kingdom-Vietnam Free Trade Agreement (UKVFTA).

The CDS will become the country’s single system for customs declaration, completely replacing the Customs Handling of Import and Export Freight (CHIEF) system.

The UK-Vietnam Free Trade Agreement (UKFTA) has given a big push to Vietnamese exports, but insiders said firms still have much to do to make the most of the deal.