tk88 bet

UKVFTA meaningful to both Vietnam and UK

The conclusion of the UK-Vietnam Free Trade Agreement (UKVFTA) on December 11 holds a practical meaning to both nations as the pact is expected to help the two countries boost their post-pandemic recovery.
UKVFTA meaningful to both Vietnam and UK ảnh 1Minister of Industry and Trade Tran Tuan Anh and UK Secretary of State for International Trade Liz Truss sign the agreed minutes on the conclusion of negotiations over the UK-Vietnam Free Trade Agreement on December 11. (Photo: VNA)

Hanoi (VNA)– The conclusion of the UK-Vietnam Free Trade Agreement (UKVFTA) on December 11 holds a practicalmeaning to both nations as the pact is expected to help the two countries boost their post-pandemic recovery.

According to an article by Pinsent Masons, a UK-based internationalprofessional services business with law at its core, Vietnam and UK companieswill be benefit from reduced tariffs on imports and exports. Currently 65 percentof tariffs are removed tariff on UK-Vietnam trade, but this will increase to 99percent of tariffs over time.

The article said the agreement is anticipated to deliverannual savings to Vietnam of 114 million pounds on exports to UK and 36 millionpounds on UK exports to Vietnam.

Trade expert Totis Kotsonis of the firm said: “the UK seesits bilateral agreement with Asian countries as merely the first stepping stonetowards much greater UK involvement in Asia, ultimately joining theTrans-Pacific trade agreement (CPTTP) and becoming an ASEAN Dialogue Partner”.

During the 2010 – 2019 period, trade between Vietnam and theUK tripled, reaching about 7.6 billion USD. The saved tariffs will help Vietnamescape the consequences of a decline in global demand that is hindering theexport of manufactured goods. The COVID-19 pandemic has led to westerncountries’ cutting of orders for traditional Vietnamese exports, such asapparel, footwear, electronic devices and automotive equipment.

Associate Professor Wu Ming Jiang from the NationalUniversity of Singapore’s Lee Kuan Yew School of Public Policy said Vietnamwill have more access to the UK’s special strengths in management consultationservices and in research and development./. 
VNA

See more

Participants in the congress held on June 19 to establish the Binh Duong Association of Supporting Industries (BASI). (Photo: VNA)

🐻 Binh Duong sets up supporting industry association

The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
Pharmaceutical production at a company in Vietnam. (Photo: VNA)

♊ Vietnam’s pharma sector heats up with major M&A deals

PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
Ngoc Linh ginseng is found within a narrow ecological zone around the peak of Ngoc Linh Mountain. (Photo: VNA)

Quang Nam positioned as medicinal plant hub

The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The official logo of resort airline Sun PhuQuoc Airways (Photo: Sun Group)

🌠 Official logo of resort airline Sun PhuQuoc Airways announced

Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
High-end apartment projects in Gamuda Gardens Urban Area in Hanoi are developed by Malaysian real estate group Gamuda Land. (Photo: VNA)

🅠 OECD Economic Surveys: Vietnam 2025 report released

The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Vietnamese lychees make sweet impression on UK consumers (Photo: VNA)

Vietnamese lychees win over UK consumers

The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|