Trade between Vietnam and the United Kingdom in 2014 was valued at 2.8 billion GBP (4.5 billion USD), a 2 percent decrease from the previous year, as announced by the Commercial Office at the Vietnamese Embassy in the UK.

Vietnam’s exports to the UK during the year earned 2.46 billion GBP (3.95 billion USD), generated primarily though phones, valued at 740 million GBP; garments at 373 million GBP; footwear at 362 million GBP; wood and wooden products at 168 million GBP; computers and spare parts at 117 million GBP; and aquatic 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, the Vietnam Commercial Office suggested domestic stakeholders organise market-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