Ukvfta

President Vo Van Thuong will travel to the United Kingdom to attend the coronation ceremony of King Charles III in early May.

With UK’s expertise in renewables development and Vietnam’s huge natural resources, experts expect a win-win situation for both sides in promoting green growth.

The UKVFTA has created strong spillovers, not only in trade but also in investment from the UK to Vietnam and vice versa.

Diversification of export markets and higher product quality helped Vietnam maintain the agricultural sector’s resilience against the pandemic and continue its upward trend.

Vietnam stands 22nd among major suppliers to the UK and no doubt the country can climb up the rank.

The Vietnam Free Trade Agreement Portal (FTAP) with people and businesses at the center of its service is aimed at improving the quality and efficiency of Vietnam's FTAs implementation.

The challenges for local firms would be to utilize preferential treatment and complying with commitments set out in the UK-Vietnam Free Trade Agreement (UKVFTA).

Vietnam plans to organize a digital investment conference in Q3 this year, promoting investment into industrial parks or economic zones online.

Vietnam and the UK look forward to building on the strategic partnership with a focus on trade ties.

The Vietnamese government would offer more incentives for UK enterprises to form linkages with Vietnamese partners in a move to setup new supply chains.