Standardising the production process, updating technology and building product brands are keys to boosting Vietnamese agricultural exports to the UK.

The trade and investment relationship between Viet Nam and the UK has grown significantly a year after the UK-Viet Nam Free Trade Agreement (UKVFTA) came into effect

Viet Nam’s tra fish export increased by 83.2 per cent in the first half of this year, with exports to the UK increasing six-fold.

The UK-Vietnam Free Trade Agreement (UKVFTA), which took effect in early 2021, has so far brought about positive outcomes for both countries, Deputy Director General Ngo Chung Khanh of the Ministry of Industry and Trade’s Multilateral Trade Policy Department has affirmed.

Vietnam has emerged as a major Southeast Asian supplier of farm produce and aquaculture products to the UK following the UK-Vietnam Free Trade Agreement (UKVFTA) they signed, speakers said at a conference on June 23.

Vietnam and the UK are amplifying their trade and investment partnership through the materialisation of commitments within their bilateral free trade agreement

The current scarcity of white meat fish in the UK market is considered a golden opportunity to boost local pangasius (tra fish) exports, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The United Kingdom is the second largest economy in Europe, with a free trade policy and a large demand for agricultural imports so Vietnamese exporting firms, particularly coffee exporters, should make use of opportunities brought about by the UK-Vietnam Free Trade Agreement (UKVFTA) as well as issue a strategy to approach potential partners to push up exports to this market, according to Vietnamese Trade Office in the UK.

British investment in the Vietnamese market is enjoying an increase following the UK’s withdrawal from the EU and the UK-Vietnam Free Trade Agreement (UKVFTA) coming into force, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Despite difficulties caused by the complicated development of the COVID-19 pandemic, trade relations between Vietnam and the UK still achieved good growth during the first year of the implementation of the free trade agreement between the two countries (UKVFTA).