Tag: UKVFTA

Figures from the Ministry of Industry and Trade (MoIT) show that two-way trade turnover between Vietnam and the UK in 2021, the first year of implementing the UK - Vietnam Free Trade Agreement (UKVFTA), reached $6.6 billion, up 17.2 per cent compared to 2020. Vietnam’s exports came in at nearly $5.8 billion, up 16.4 per cent, while its imports from the UK stood at $849 million, up 23.6 per cent.

Vietnamese coffee exports to UK expected to grow strongly under the trade agreement.

The Ministry of Industry and Trade (MoIT) will coordinate with the British Embassy in Vietnam to organize the “One Year of Implementing the UK - Vietnam Free Trade Agreement (UKVFTA): Outstanding Achievements and Upcoming Orientations” conference on March 15. The two sides will assess the role and level of support from the UKVFTA for export industries and businesses, especially in terms of recovering from the pandemic and creating growth momentum for Vietnam’s economy.