Trade between Vietnam and the United Kingdom in 2014 was valued at2.8 billion GBP (4.5 billion USD), a 2 percent decrease from theprevious year, as announced by the Commercial Office at the VietnameseEmbassy in the UK.
Vietnam’s exports to theUK during the year earned 2.46 billion GBP (3.95 billion USD), generatedprimarily though phones, valued at 740 million GBP; garments at 373million GBP; footwear at 362 million GBP; wood and wooden products at168 million GBP; computers and spare parts at 117 million GBP; andaquatic products at 101 million GBP.
Automobiles and pharmaceuticals accounted for the majority of Vietnam’s imports from the UK.
To further develop trade between the two countries in 2015, theVietnam Commercial Office suggested domestic stakeholders organisemarket-relevant trade promotion events to connect potential partners,especially at the Vietnam-UK Joint Economic and Trade Commission(JETCO)’s eighth session to be held in London in March.-VNA