As the UK officially becomes the first non-founding economy to join the CPTPP, Việt Nam News reporter Thu Ngân spoke with British Consul General in HCM City Alexandra Smith about the UK''s inclusion in the CPTPP and how this milestone will benefit the UK - Việt Nam bilateral trade...
Việt Nam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self – sufficiency in raw materials in order to meet the rules of origin under the UK – Việt Nam Free Trade...
Vietnamese goods will benefit from the reduction of intermediate stages or inspection costs when exported to third-party territories, according to experts.
The UK – Việt Nam Free Trade Agreement is one of the key drivers boosting the growth of Viêt Nam’s timber and wood product exports to the UK, industry experts have said.
According to the Việt Nam Pepper and Spice Association (VPSA), Việt Nam is the world’s largest cinnamon producer with a total plantation area of 180,000 ha and has become the world’s largest exporter of cinnamon products since 2021.
Under Decree 66, remanufactured goods must now meet a number of criteria, including certification of eligibility and compliance with origin rules established under the EVFTA and UKVFTA.
To better exploit the tariff incentives from the UKVFTA, it is necessary for Vietnamese fishery producers and exporters to focus on improving quality and supply capacity to expand market share in the UK
Since the EU-Việt Nam Free Trade Agreement (EVFTA) came into effect in August 2020, the European Union (EU) has emerged as a leading trade partner for Việt Nam. Vietnamese businesses could unlock significant opportunities from the EVFTA if they know...
The UKVFTA took effect on May 1, 2021, with a preferential tariff quota granted to Việt Nam at a tax rate of zero per cent, enabling UK buyers to have more choices of rice varieties from Việt Nam.
The Agency of Foreign Trade estimates that Việt Nam''s export value of wood and wood products reached US$1.25 billion in June this year, down 1.1 per cent month-on-month, but up 13.6 per cent year-on-year.
The UK and Việt Nam already have a separate free trade agreement – the UKVFTA – in place but CPTPP will add additional benefits to bilateral trade and investment.