Việt Nam is continuing to improve its legal system, demonstrating its seriousness in implementing labour commitments in the EVFTA, CPTPP and UKVFTA trade agreements.

Vietnamese enterprises should develop solutions to comply with international labour standards to be able to participate in global support chains and promote export sustainability, experts have said.

Việt Nam-UK trade achieved positive results over the past nine months of this year amid export activities from Việt Nam to Europe this year facing many challenges, due to decelerating regional economic growth and high inflation. That made people and businesses to limit their spending.

The wood industry of Việt Nam must focus on building brands based on the development of transparent and sustainable value chains.

A seminar connecting Vietnam and the West Midlands region of the UK took place in the UK city of Birmingham on October 10.

Last year, the trade turnover among the UK and the five centrally-run cities reached over $2.63 million.

Currently, Việt Nam is the 23rd largest tea supplier to the UK market. However, Vietnamese tea exports to the market decreased sharply both in value and volume over the first half of 2023.

The reduction in seafood exports is gradually narrowing, seafood processing and exporting enterprises are trying to find opportunities to boost exports in the last months of the year.

Việt Nam, as an open economy with multiple Free Trade Agreements (FTAs) in place, is committed to fulfilling its obligations in the automobile import sector.

Both sides have also agreed on plans to organise the 14th Việt Nam-UK Joint Economic and Trade Committee (JETCO 14)and the 3rd meeting of the Joint Trade Committee for the UKVFTA in 2024 in the UK.