UKVFTA has positive consequences for bilateral trade: Province of Vietnam

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According to Luong Hoang Thai, Head of Multilateral Trade Policy Division of the Ministry of Industry and Trade of Vietnam (MoIT), the UK-Vietnam Free Trade Agreement (UKVFTA) has recently come into force but has had positive results.

He said in a recent seminar that Vietnam’s exports to the UK account for only 0.88% of total imports, but the UK’s exports to Vietnam are modest, so the scope of cooperation between Vietnam and the UK is very large. rice field.

The seminar, co-sponsored by MoIT and the British Embassy in Hanoi, focused on e-commerce at UKVFTA, according to Vietnam’s media report.

The recently valid UK and Vietnam FTAs ​​have had positive results, said Luong Hoang Thai, Head of Multilateral Trade Policy at the Ministry of Industry and Trade of Vietnam. He said the scope of cooperation between Vietnam and the United Kingdom was enormous and the United Kingdom’s exports to the United Kingdom were modest, but Vietnam’s shipments to the United Kingdom accounted for 0.88 percent of its total imports.

The British Consulate General in Ho Chi Minh City and Oliver Todd, Director of the British Trade Bureau in Vietnam, said the outbreak has made Vietnam’s e-commerce market grow 53% compared to 2020, making it the perfect choice for businesses and people. Said that.

Vietnamese companies have successfully built the global trademark “Made in Vietnam” on Amazon.com.

The head of the International Cooperation Office under Bui Thanh Hang, MoIT’s e-commerce and digital economic institution, said the government needs to continue to improve its legal framework and partner with the UK to provide enterprise empowerment programs. I made a suggestion.

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UKVFTA has positive consequences for bilateral trade: Province of Vietnam

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The post UKVFTA has positive consequences for bilateral trade: Province of Vietnam appeared first on Eminetra.

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