There is plenty of room available for Vietnamese goods to enter the UK market, said Thai Tran, Managing Director of TT Meridian, an international logistics and trading company specialising in the UK and Vietnam markets and the first Vietnamese business in the UK to open an all-cargo air route between the nations via Turkmenistan.
Thai Tran, Managing Director of TT Meridian. (Photo courtesy of Thai Tran)
London (VNA) – There is plenty of room available for Vietnamese goods to enter the UK market, said Thai Tran, Managing Director of TT Meridian, an international logistics and trading company specialising in the UK and Vietnam markets and the first Vietnamese business in the UK to open an all-cargo air route between the nations via Turkmenistan.
According to the business leader, despite the COVID-19 pandemic and the global recession, trade exchange between countries has grown rapidly in recent times.
Data from the UK Department for Business and Trade showed that Vietnam's export turnover of goods and services to the UK reached 5.9 billion EUR (6.33 billion USD) in 2022, an annual increase of 30.3 %. Vietnam is currently the UK's second-largest trading partner in Southeast Asia and the 40th largest in the world, accounting for 0.4% of the UK's total trade value.
Thai Tran said these encouraging figures have yet to reflect the sides’ true potential, meaning that Vietnam needs to capitalise on market opportunities available in the UK and the current period of the nations’ fruitful relationship.
He made a number of recommendations for Vietnamese firms to boost their exports to the UK market, and suggested they offer more competitive prices, obtain environmental, social, and governance (ESG)-related certificates, and apply technologies for improved information transparency, document standardisation, and cost reduction./.
The strategic partnership between Vietnam and the UK has been deepened further in various fields since the two countries established diplomatic relations in 1973.
President Vo Van Thuong and his entourage arrived in Ho Chi Minh City on May 7, concluding their trip to London to attend the coronation of King Charles III at the invitation of the Royal Family of the UK.
TT Meridian, a leading international logistics and trading company specialising in the UK and Vietnam markets, on May 19 announced a new all-cargo air route between the UK and Vietnam via Turkmenistan.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Thai Tran, Managing Director of TT Meridian. (Photo courtesy of Thai Tran) 
