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The UK is set to recognize that Vietnam’s industries are operating in a market economy and will not impose unfavorable rules should they be investigated under trade defense measures. When recognized as a market economy, Vietnamese goods will be treated fairer and exporters will gain more access to other markets.

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When the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has the UK as a new member, more cooperation opportunities will open up for Vietnam and the European country, according to insiders.

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With many similarities, the UK- Việt Nam Free Trade Agreement (UKVFTA) could be called a direct copy of the EU- Việt Nam Free Trade Agreement (EVFTA).

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President Vo Van Thuong and his entourage arrived in Ho Chi Minh City on May 7, concluding their trip to London to attend the coronation of King Charles III at the invitation of the Royal Family of the UK.

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The implementation of free trade agreements (FTAs) will continue to prove fruitful for Vietnam in 2023, said Minister of Industry and Trade Nguyen Hong Dien.

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The rate of using preferential tariffs from the UK-Vietnam Free Trade Agreement (UKVFTA) is not low, but there is still room for growth.

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The UK-Vietnam Free Trade Agreement (UKVFTA) has promoted the export of Vietnamese goods to the UK market, with the trade balance continuously recording a trade surplus exceeding billions of US$.

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The free trade agreement index (FTA Index) was expected to create an impetus for localities to create a favourable environment for enterprises and enable them to take advantage of free trade deals.

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Prime Minister Pham Minh Chinh reaffirmed that the Vietnam’s economy would exceed expectations this year with an increase in GDP of 8 percent, in a speech at the National Assembly last month.

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Thanks to the UK-Vietnam Free Trade Agreement (UKVFTA), Vietnam’s agro-forestry-fishery exports to the European nation now enjoy many advantages which, however, also come with several challenges.

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