UKVFTA a push for Vietnam’s agricultural exports to UK

The UK-Vietnam Free Trade Agreement (UKVFTA) will open up more opportunities to boost the export of Vietnam’s key agricultural products with the commitments to market opening the same as the EU-Vietnam FTA, Minister of Industry and Trade Tran Tuan Anh has said.
UKVFTA a push for Vietnam’s agricultural exports to UK ảnh 1Harvesting dragonfruit (Source: VNA) 

Hanoi (VNA) – The UK-Vietnam Free Trade Agreement (UKVFTA) will openup more opportunities to boost the export of Vietnam’s key agriculturalproducts with the commitments to market opening the same as the EU-Vietnam FTA,Minister of Industry and Trade Tran Tuan Anh has said.

Since becoming effective from August 2020, the EVFTA has createda big push for Vietnam’s agricultural exports such as seafood, rice, vegetablesand fruits, and wood products to the UK.

As the UKVFTA inherits existing commitments in the EVFTA,plus additional quotas for competitive products, Vietnamese businesses will seemore export opportunities.

Nguyen Dinh Tung, Chairman and CEO of Vina T&T Group – aleading fruit exporter, said the UK is a big market for vegetables and fruitsin Europe with diverse import demands.

According to him, Vietnam’s vegetables and fruits could beexported to the UK in particular and the EU in general, if they win orders andmeet the countries’ requirements on food safety and plant quarantine.

The UK also has huge demand for wood and wood products,which creates numerous opportunities for Vietnamese exporters as their merchandisehave competitive prices, good materials and high quality.

General Secretary of the Vietnam Association of SeafoodExporters and Processors (VASEP) Truong Dinh Hoe said that the UK is also apotential market for Vietnam’s aquatic products.

Despite the COVID-19 pandemic, the export value ofVietnamese aquatic products to the UK had hit nearly 258 million USD as of lateSeptember 2020, up 23 percent year-on-year.

The pandemic is changing the UK’s consumer and importtrends, with cheap products easy to consume and cook at home being a topchoice.

Therefore, frozen tra fish of Vietnam has a huge advantageand has become a key export of the Vietnamese agricultural sector.

However, insiders said that the UKVFTA also brings aboutmore challenges with stricter requirements.

They advised Vietnamese businesses to improve production,harvesting, preservation and processing to gain better product quality./.
VNA

See more

In 2025, Goertek will invest in a new project and bring more experts and new technology equipment to Vietnam. (Photo: Goertek)

Vietnam expects big FDI wave in 2025

More than 4.33 billion USD in foreign investment was registered in Vietnam in January, an increase of 48.6% compared to the same period last year.

The Lao Bao border gate, Huong Hoa district, Quang Tri province. (Photo: VNA)

Nearly 200 projects registered in Quang Tri's IPs

Two economic zones and two industrial parks in the central province of Quang Tri have so far attracted nearly 200 investment projects, with a total registered capital exceeding 172.4 trillion VND (6.78 billion USD) and a planned land use of over 5,978ha.

At the meeting (Photo: VNA)

PM urges business leaders to drive economic growth

Prime Minister Pham Minh Chinh encouraged businesses to actively engage in large-scale national projects, such as the North-South high-speed railway, standard-gauge railways connecting with China, urban railways, and the nuclear power project.

Production at Minerals Holding Corporation in Lao Cai province. (Photo: VNA)

Vietnam’s industrial production inches up 0.6% in January

According to Director of the GSO’s Industry and Construction Statistics Department Phi Thi Huong Nga, Vietnam could achieve breakthrough industrial growth in 2025 and beyond by leveraging its advantages and accelerating digital and green transformation as well as meeting the increasingly stringent requirements of the international market.