The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.

The UKVFTA has opened up opportunities for Vietnamese consumers to access high-quality British food and drink.

Việt Nam is the 13th largest tuna product supplier to the UK, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

E-commerce stands out as a promising channel to further enhance Việt Nam’s trade presence in this dynamic market. The United Kingdom (UK) is rapidly emerging as an attractive export destination for Vietnamese goods, fuelled by the Việt Nam – UK Free Trade Agreement (UKVFTA).

Together with the UK – Việt Nam Free Trade Agreement (UKVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will create new opportunities for companies and consumers in the UK and Việt Nam, affirmed British Ambassador to Viet Nam Iain Frew.

Vietnamese goods will benefit from the reduction of intermediate stages or inspection costs when exported to third-party territories, according to experts.

The United Kingdom-Việt Nam Free Trade Agreement (UKVFTA), effective since 2021, reduces or eliminate tariffs on many product groups, helping strengthen bilateral trade, which in turn is making Việt Nam an increasingly attractive business partner for UK firms.

Việt Nam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self – sufficiency in raw materials in order to meet the rules of origin under the UK – Việt Nam Free Trade Agreement (UKVFTA) for expanding exports to this market.

Despite shifting market dynamics and stringent trade policies, Việt Nam’s position as a leading supplier of cashews to the UK remains strong.

Many Vietnamese products, such as grapefruit, bananas, tea, textiles, and more, have been exported to the UK and received positive support from consumers in this market.