Two-way trade between Vietnam and the UK in the first two months of the year surged 29.2 percent year-on-year, hitting 1.1 billion USD, according to the Ministry of Industry and Trade.
Hanoi (VNA) – Two-way trade betweenVietnam and the UK in the first two months of the year surged 29.2 percentyear-on-year, hitting 1.1 billion USD, according to the Ministry of Industryand Trade.
The ministry attributed the impressive result to thepositive effect of the UK-Vietnam Free Trade Agreement (UKVFTA) which tookeffect on January 1.
The agreement has greatly facilitated trade activities between the twocountries, it said.
Vietnam’s export turnover to the European nation totalled 998 million USD inthe reviewed period, expanding 33 percent from the same period last year.
This is an impressive growth in the context that the COVID-19 pandemic stillposes severe impacts on trade activities.
Rice, textiles, footwear, wood and vegetables are products greatly benefitingfrom the UKVFTA, the ministry said./.
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Illustrative image (Photo: VNA) 
