Tag: UKVFTA implementation

As traditional tariff advantages fade under changing global trade rules, Vietnamese exporters must pivot from simple price competition to building resilient, fully compliant supply chains.

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.