The Hanoitimes - The two countries keen on trade and energy cooperation. Vietnam and the United Kingdom will tighten co-operation to implement the UK-Vietnam Free Trade Agreement (UKVFTA) effectively, promoting the import and export of goods and increasing bilateral trade value between the two countries. A tra (catfish) processing line. Tra products are entitled to a zero % tax rate when exported to the UK. The co-operation plan was a key content discussed by Deputy Minister of Industry and Trade Dang Hoang An and British Ambassador to Vietnam Gareth Ward at a meeting held recently in Hanoi. At the meeting, the two leaders agreed that the UKVKTA, which took place on December 31, 2020 and being temporarily applied from January 1, 2021, will be a new driving force to take off the good relations on trade and investment in Vietnam and the UK. Despite extremely negative impacts from the Covid-19 pandemic in 2020, the trade exchange between the two sides still … [Read more...] about Vietnam and UK boost bilateral trade ties
Vietnam december january
Vietnam, UK eye trade deal signing by year-end
The Hanoitimes - Such a deal would ensure a more comprehensive bilateral cooperation in various spheres, especially economy and trade, stated the Spokesperson of Vietnam’s Ministry of Foreign Affairs Le Thi Thu Hang. Vietnam and the UK are accelerating negotiations on a free trade agreement (FTA), with a view to signing the deal by year-end, according to Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang. Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang. Photo: VNA. “Such a deal would ensure a more comprehensive bilateral cooperation in various spheres, especially economy and trade,” said Mrs. Hang at a press conference on December 3. The spokesperson stated that Vietnam will give top priority to cooperative relations with the UK, especially as this year marks 10 th anniversary of the UK – Vietnam strategic partnership. UK Foreign Secretary Dominic Raab previously visited Vietnam from September 29 - 30 with the trade deal at … [Read more...] about Vietnam, UK eye trade deal signing by year-end
VIETNAM NEWS HEADLINES MARCH 1
Vietnam logs no new COVID-19 infections on March 1 morning Vietnam documented zero COVID-19 infections in the past 12 hours as of 6:00 am on March 1, leaving the national tally unchanged at 2,448 patients, according to the National Steering Committee for COVID-19 Prevention and Control. Earlier, Vietnam reported 16 COVID-19 cases at 6pm on February 28, including 12 locally infected cases in the northern province of Hai Duong, the country's largest COVID-19 hotspot, and four imported cases in the southern provinces of Tay Ninh and Dong Thap. Of the total infections, there were 1,542 domestically-transmitted cases, including 849 recorded since the latest outbreak hit the northern province of Hai Duong on January 27. Ten cities and provinces nationwide have gone through 16 consecutive days without any locally-infected cases of COVID-19, including Hoa Binh, Dien Bien, Ha Giang, Binh Duong, Hung Yen, Bac Giang, Gia Lai, Bac Ninh, Quang Ninh, and Ho Chi Minh City. … [Read more...] about VIETNAM NEWS HEADLINES MARCH 1
Vietnam sees rising vegetables and fruit exports to Thailand
Vietnam agricultural products exported to Thailand have increased sharply in the first months of 2021. Dragon fruits exported to Thailand Statistics from the Department of Agro-Processing and Market Development show that total fruit and vegetable export revenue in January was USD260m, a decrease of 7.6% compared to the same period last year. China continues to be the biggest importer of Vietnamese fruit and vegetable with USD147m worth of products. The US is in second place with USD16.3m, Japan and South Korea followed with USD10.5m and USD9.2m, respectively. More notably, the total export revenue to Thailand has been on the rise. Vietnam often had an import surplus of fruit and vegetables from Thailand but the situation changed in 2020 when Vietnam exported USD157m worth of vegetables and fruits to Thailand, an increase of 209.7% compared to 2019. Vietnam imported USD78m worth of vegetables and fruits from Thailand in 2020, a huge decrease from … [Read more...] about Vietnam sees rising vegetables and fruit exports to Thailand
Bilateral trade between UK and Vietnam surges thanks to UKVFTA
The Hanoitimes - The initial results of the UK-Vietnam Free Trade Agreement promise to continue creating new impetus for economic and trade cooperation between the two countries in the coming time. Since the UK-Vietnam Free Trade Agreement (UKVFTA) took effect on January 1, the bilateral trade turnover between the two countries has recorded a spectacular rise in the context of exports disruption due to the Covid-19 pandemic, according to the Ministry of Industry and Trade. Vietnamese rice exports to EU. Photo: Vinaseed According to the General Department of Vietnam Customs, in January, the total trade turnover between Vietnam and the UK reached US$657.3 million, up 78.6% over the same period last year. Vietnam's exports to the UK reached US$598 million worth of goods, up 84.6% compared to last January and 56.5% to last December. Among Vietnam's exports to the UK, farm produce attained stable and positive growth in January, with seafood reaching … [Read more...] about Bilateral trade between UK and Vietnam surges thanks to UKVFTA