The UK-Vietnam Free Trade Agreement (UKVFTA), which became effective three years ago, has clearly benefited trade cooperation between the two countries, particularly in the context of Vietnam’s exports to most other major markets declining due to geopolitical tensions and headwinds in the global economy, said experts at a conference in Hanoi on October

The Vietnam – UK Free Trade Agreement has been creating many favorable opportunities for the Vietnamese footwear industry to take advantage of better tariff incentives and expand export markets.

Coupled with the UKVFTA, the UK’s approaching ascension to the CPTPP is set to take bilateral agricultural trade to the next level.

The relationship between Việt Nam and the UK has been vibrant across the board this year, with a flurry of activities that underscore the latter’s status as one of Việt Nam's important markets. Việt Nam News correspondent Thu Ngân speaks with Alex Smith, the British consul general in HCM City and trade director for Việt Nam, about bilateral trade relations, prospects and initiatives.

Vietnamese tuna is enjoying several advantages in the UK market thanks to tariff incentives from the UK-Vietnam Free Trade Agreement (UKVFTA).

The UK and Việt Nam already have a separate free trade agreement – the UKVFTA – in place but CPTPP will add benefits to bilateral trade and investment.

Vietnamese firms should foster their imports of raw materials from the United Kingdom (UK) to enjoy preferential tariffs brought by the UK-Vietnam Free Trade Agreement (UKVFTA), trade experts have suggested.

Many said that one of the reasons for this situation is that human resources, especially FTA implementation experts, are still very limited and do not really meet the requirements.

Despite cheap labour costs, and abundant personnel resources, Việt Nam should rely on new factors including an attractive and transparent investment environment, simplified and digitalised administrative procedures, and infrastructure development.

Obtaining certificates and assessments that adhere to market standards and criteria will be the main focus for companies and OCOP goods.