The UK-Vietnam Free Trade Agreement (UKVFTA) has brought about positive results though it took effect recently, said head of the Ministry of Industry and Trade (MoIT)’s Multilateral Trade Policy Department Luong Hoang Thai at a seminar held in Hanoi on January 18.
Trade between Vietnam and the UK reached over 6 billion USD as of November 2021, up 17 percent year on year, with Vietnam enjoying surplus of 4.46 billion USD, the General Department of Vietnam Customs reported.
Vietnamese firms are advised to change themselves towards increased application of high technology and stronger digital transformation to improve their products’ quality and optimise the UK-Vietnam Free Trade Agreement, thus better conquering this promising market.
The importance of strong relationships built on trust, integrity, support and influence has not been underestimated in the implementation of Vietnam’s foreign policy over the last years and it is these strong relationships, built through professional and dedicated diplomats that have led to Vietnam’s success on the world stage, Vice Chairman of the Vietnam-UK Network Paul Smith has affirmed.
Despite suffering the impact of the COVID-19 pandemic, Vietnam-UK trade see positive developments with two-way trade turnover reached more than 5.4 billion USD in the first ten months of this year, representing a year-on-year rise of 16 percent, Ta Hoang Linh, director of the Europe-America Market Department under the Ministry of Industry and Trade (MoIT), has said.
Singapore and the UK have basically concluded negotiations on the UK-Singapore Digital Economy Agreement (UKSDEA), which began in June this year, according to the Singaporean Ministry of Trade and Industry.
Deputy Minister of Foreign Affairs To Anh Dung held phone talks with Minister of State for Asia at the UK Foreign, Commonwealth & Development Office Amanda Milling on December 9 evening, during which they agreed to coordinate to increase the efficiency of the two countries’ key cooperative mechanisms.
Prime Minister Pham Minh Chinh and a high-ranking delegation of Vietnam on November 3 successfully wrapped up their working trip to attend the 26th United Nations Climate Change Conference of the Parties (COP26) and visit the UK, and left for an official visit to France.
Vietnamese Prime Minister Pham Minh Chinh met with leaders of foreign countries and international organisations on the sidelines of the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, Scotland (the UK) on November 2 (local time).
Gerhard Feldbauer, a German journalist and historian, has said that Prime Minister Pham Minh Chinh’s visit to France from November 3 to 5 is significant to the relations between Vietnam and France, as well as the Association of Southeast Asian Nations (ASEAN) and the European Union (EU).
Deputy Minister of Culture, Sports and Tourism Hoang Dao Cuong called for the British Council’s continued support for Vietnam in cultural and creative sectors while meeting with council leaders in Glasgow, Scotland, on November 2.
Prime Minister Pham Minh Chinh met with UN Secretary-General Antonio Guterres and the government leaders of the UK, Germany and Croatia in Glasgow on November 1 evening (London time) on the sidelines of the 26th UN Climate Change Conference of the Parties (COP26).
Vietnamese Minister of Information and Communications Nguyen Manh Hung and the UK’s Parliamentary Under Secretary of State at the Department for Digital, Culture, Media and Sport Chris Philp signed a Letter of Intent on cooperation in digital economy and digital transformation on November 1 (London time).
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