Vietnam's trade turnover with the European and American markets in 2004 witnessed a positive recovery and robust growth compared to 2023.

In the first 11 months of this year, total trade between Việt Nam and the UK reached over US$$7.7 billion, an 18.1 per cent increase compared to the previous year.

Vietnamese exporters face challenges from UK requirements on greener products but non-compliance may put them at risk of losing market access.

The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.

The average export price of Vietnamese coffee to the UK increased by 68.4% in 2024, reflecting the positive impact of the UKVFTA and Vietnam’s growing global reputation.

The UKVFTA and the UK’s official participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from December 15 are creating significant opportunities for Việt Nam to expand exports to the UK. However, the risk of trade defence investigations is always present.

The UK's entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) presents an opportunity for Hanoi and London to expand their markets in an increasingly competitive world, said Rhiannon Harries, Deputy Trade Commissioner of the UK.

Vietnamese goods have steadily established a strong presence in the UK, with exports to this demanding market continously growing since 2021, said Hoang Le Hang, First Secretary of the Vietnam Trade Office in the UK.

Sustainable production is key for Vietnamese coffee to further exploit the UK – Việt Nam Free Trade Agreement (UKVFTA), to grow the market in a country full of green-aware consumers.

The UK's carbon border adjustment mechanism will take effect in 2027.