The Vietnam-UK Free Trade Agreement (UKVFTA) was officially signed in London on the evening of December 29, 2020 (Vietnam time) and officially took effect from 23:00 on December 31, 2020. This is a historical event with important significance in the relationship between the two countries.
Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year. The following are the ten outstanding events as selected by the Vietnam News Agency.
The UK-Vietnam Free Trade Agreement (UKVFTA), which will come into force at 23:00 on December 31, 2020, will open the door wider for bilateral economic and trade ties and help form a solid foundation for their strategic partnership to reach a new height.
Representatives from Vietnam and the United Kingdom signed a free trade agreement between the two countries in London on December 29 evening (Vietnam time).
Vietnam Ambassador to the UK Tran Ngoc An and UK Ambassador to Vietnam Gareth Edward Ward signed the free trade agreement between the two countries on December 29 in London. The two countries’ ambassadors were authorised to sign the deal as leading officials of the Vietnam Gov't and Minister of Industry and Trade Tran Tuan Anh were unable to travel to the UK to sign directly amid Covid-19.
Representatives from Vietnam and the United Kingdom signed a free trade agreement between the two countries in London on December 29 evening (Vietnam time).
Vietnam moved up four grades to become the second largest exporter to the US in 2020, with its export turnover to the country surging 24.5 percent to an estimated 76.4 billion USD.
Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year.
A workshop to promote economic and trade cooperation between Vietnam and Russia was held by the Vietnamese Embassy in Russia at the Hanoi – Moscow trade centre on December 22.
Prime Minister Nguyen Xuan Phuc and US President Donald Trump on December 22 agreed that the Vietnam-US cooperation has advanced robustly across all fields since the two nations set up diplomatic relations 25 years ago, especially in recent years.
2020 is really a special year for Vietnam as for the first time in its diplomacy history, the country assumed both rotating ASEAN Chair and non-permanent member of the UN Security Council (UNSC), according to the Sputnik news agency of Russia.
Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh and Cambodian Deputy PM and Minister of Foreign Affairs and International Cooperation Prak Sokhonn on December 22 co-chaired the 18th meeting of the Vietnam-Cambodia Joint Commission for Economic, Cultural, Scientific and Technological Cooperation held via video conference.
Uzbekistan considers Vietnam an important partner and a bridge to help the Central Asian country build relations with other Southeast Asian nations, said Uzbekistani Foreign Minister Abdulaziz Kamilov.
The Ministry of Industry and Trade (MoIT) held a seminar in Hanoi on December 18 to provide businesses with an insight into the Vietnam-Cuba Trade Agreement, the Latin American country’s first deal with an Asian partner.
The Vietnamese Embassy in Egypt, in collaboration with the Alexandria Chamber of Commerce, held a workshop on economic and trade potential between the two countries on December 17, aiming at paving the way for both countries’ businesses to fully tap their potential.
The Ministry of Industry and Trade (MoIT) is collecting opinions on the draft National Energy Master Plan for 2021-2030 with a vision to 2050 to ensure national energy security.
The Ministry of Industry and Trade (MoIT) and the Ministry of Trade, Industry and Energy of the Republic of Korea (RoK) recently signed an exchange letter on the implementation of the cumulation of origin of textile between the two nations under the EU-Vietnam Free Trade Agreement.
The Embassy of Vietnam in Venezuela together with the Venezuela-Vietnam Chamber of Commerce (CAVENVIET) organised a webinar on December 12 to launch an office to connect the two countries’ businesses and bolster bilateral trade and investment.
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