Vietnam earned 6.4 billion USD from exports to the UK in the first 10 months of this year, marking a year-on-year rise of 22%, reported the General Department of Vietnam Customs.
An electronics production factory in the northern province of Thai Nguyen. The category of machinery, equipment and spare parts led Vietnam's exports to the UK in October. (Photo: VNA)
Hanoi (VNA) — Vietnam earned 6.4 billion USD from exports to the UK in the first 10 months of this year, marking a year-on-year rise of 22%, reported the General Department of Vietnam Customs.
In October alone, the country’s export turnover to the UK hit 687.2 million USD, up more than 13% from the previous month.
The 10-month growth has been driven by some key export items with large turnover such as machinery, equipment, spare parts, computers, electronics, footwear and textiles.
The leading export category in the last 10 months was machinery, equipment and spare parts, with a turnover of 1.14 billion USD, up 39.7% year-on-year and accounting for 17.9% of total exports.
Next was mobile phones and components with over 1.03 billion USD in turnover, down 12.9% compared to the same period last year and accounting for 16.3% of total exports so far.
Some other categories saw significant growth in exports compared to 2023.
Computers, electronics, and components increased by 30.7%. Handbags, suitcases and umbrellas rose by 18%. Seafood increased by nearly 10%.
Base metals grew by 30.2%, wood and wood products by 15.5%, steel products by 34%, and transportation means and spare parts by 35.7%.
The Vietnam–UK Free Trade Agreement (UKVFTA), which has been in effect since 2021, has been a key driver of this growth. For three consecutive years since the agreement's implementation, Vietnam’s exports to the UK have seen significant improvement, with large trade surpluses.
In 2021, two-way trade between the two countries was 6.6 billion USD, up 17.2% from 2020, with a trade surplus of 4.8 billion USD.
In 2022, due to global challenges and economic difficulties in the UK, two-way trade decreased, but Vietnam’s exports to the UK still grew by about 1.9%.
In 2023, while Vietnam’s exports to several markets declined, with some dropping to 30%, exports to the UK still grew by 11%.
Vietnam-UK trade this year was forecast to reach 8.5-8.7 billion USD./.
The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.
The UK-Vietnam Free Trade Agreement (UKVFTA), signed into law three years ago, has clearly benefited trade cooperation between the two countries, particularly in the context of Vietnam’s exports to most other major markets declining due to geopolitical tensions and headwinds in the global economy, said experts at a conference in Hanoi on October 30.
“Doa hoa mong manh” (a fragile flower), a film by Vietnamese director and producer Mai Thu Huyen, has had its UK premiere, captivating both the public and the Vietnamese community in the European nation.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
