To support businesses in promoting trade and effectively exploiting the UK-Việt Nam Free Trade Agreement (UKVFTA), the Việt Nam Trade Office in the UK has been building networks with the British business community and Vietnamese businesses in the UK so that it could introduce partners for Vietnamese businesses.

Competition in seafood prices in the international market makes it difficult for Vietnamese businesses to find orders, leading to price reductions.

An official circular on measuring greenhouse gas emissions (GHG) is expected to be released this November, followed by training courses for businesses to comply with GHG control.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) gives UK businesses a chance to export to some of the Asia-Pacific’s fastest-growing markets and could help Britain become a “nation of exporters”, according to trade experts on a webinar held yesterday (8 November).

The economic growth of the Asia-Pacific region is expected to reach 4.6 percent this year, up from 3.9 percent in 2022, according to the Regional Economic Outlook for Asia and Pacific recently released by the International Monetary Fund (IMF).

China has urged the Netherlands to continue cooperating in fields such as technology and supply chains before export controls on Dutch chip-making equipment come into force.

China wants to implement a free trade agreement with Bangladesh by 2026, said Yao Wen Chinese Ambassador in Dhaka on Thursday.

A major contributor, according to a spokesperson from the VFA, is how exporters leave themselves vulnerable to price fluctuations. Many exporters choose to sign contracts with foreign buyers first and look for supply later. Once prices surge in the domestic market, they either have to negotiate or accept the losses.

India and the UK are negotiating a trade deal wherein fully-built electric cars made in the UK can enjoy a much lower import duty than at present.

Vietnam exported about 7.1 million tonnes of rice in the first 10 months of 2023, equivalent to nearly 4 billion USD, up 17% in volume and 35% in value, compared to the same period in 2022, according to the Ministry of Agriculture and Rural Development.