Illustrative photo ( Photo: VNA)

Vietnam-UK trade expands 29.2 percent in Jan-Feb

Two-way trade between Vietnam and the UK in the first two months of the year surged 29.2 percent year-on-year, hitting US$1.1 billion, according to the Ministry of Industry and Trade.
Shrimp processed for export in the Mekong Delta (Photo: SGGP)

UKVFTA - a boost to Vietnam-UK trade

After the UK-Vietnam Free Trade Agreement (UKVFTA) took effect on December 31, 2020, both sides saw impressive growth in their two-way trade though exports faced formidable challenges caused by the COVID-19 pandemic.

Minister of Industry and Trade Tran Tuan Anh and UK Secretary of State for International Trade Liz Truss sign the agreed minutes on the conclusion of negotiations over the UK-Vietnam Free Trade Agreement on December 11. (Photo: VNA)

UKVFTA ushers in new opportunities for Vietnam-UK trade

The conclusion of the UK-Vietnam Free Trade Agreement (UKVFTA) demonstrates the importance of Vietnam as a market and its heightened position in the eyes of the UK, Vietnamese Ambassador to the UK Tran Ngoc An told the Vietnam News Agency after the finalisation of the bilateral trade deal in Hanoi on December 11.