Two-way trade up handily after one year of UKVFTA
The “One year journey of the UKVFTA: Remarkable achievements and the vision ahead” seminar revealed that in the first year of implementing the UK-Vietnam Free Trade Agreement (UKVFTA), trade between the two reached $6.6 billion, an increase of more than 17 per cent compared to 2020. Vietnam’s exports to the UK rose by more than 16 per cent and imports from the UK 24 per cent.