Conference held next week to unlock Vietnam-UK trade potential
A conference will be co-held on June 23 by the Ministry of Industry and Trade (MoIT), the British Embassy in Vietnam and the British Chamber of Commerce Vietnam (BritCham) to support Vietnamese enterprises to join the supply chain of British enterprises.
Hanoi (VNA) – A conference will be co-held on June 23 by the Ministryof Industry and Trade (MoIT), the British Embassy in Vietnam and the BritishChamber of Commerce Vietnam (BritCham) to support Vietnameseenterprises to join the supply chain of British enterprises.
The conference "UK Market: Unlocking great potential by leveraging advantages of the UKVFTA" also aims to further promote traderelationships between the two countries, and support Vietnam enterprises to jointhe supply chain of British enterprises, taking advantage of the opportunitiesbrought by the UK-Vietnam Free Trade Agreement (UKVFTA).
It will provide an opportunity for managers, experts andenterprises from both sides to discuss the benefits brought by the UKVFTA andshare experience in how to capitalise on those benefits and boost bilateral tradeand investment cooperation, according to the MoIT
Speakers from the MoIT, the British Embassy and BritChamwill give attendees an overview of the UK market and potential for cooperationbetween Vietnam and British enterprises. They later talked about instructions andqualifications for exporting Vietnam’s agricultural products to the UK, potential for British enterprises to invest in Vietnam's industry and how Vietnam canbe supported to develop basic and supporting industries.
There will be two sessions of discussion, one of which will provideinsights into opportunities of British enterprises to invest in Vietnam andthose of Vietnamese firms to join the UK’s industrial supply chain. The other willdiscuss experience in taking advantage of the UKVFTA to export Vietnameseagricultural products to the UK as well as required qualifications and proceduresto do that./.
The webinar and online business matching themed “Vietnam – UK Furniture Trade Opportunities” took place on April 19 for participants to discuss opportunities, challenges and ways to boost exports of Vietnamese furniture to the UK.
After being heavily impacted by COVID-19 for two years, trade between Vietnam and the United Kingdom (UK) has recovered, reaching nearly 6.6 billion USD at the end of 2021, up 17 percent from the previous year, according to the Ministry of Industry and Trade.
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
Illustrative image. (Photo: VNA)
