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.
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.
Decarbonisation became vital for the steel industry to enhance competitiveness while developed economies were taking steps to address carbon leakage risk.
Since the UKVFTA came into force, tariff duties on frozen shrimp products exported to the UK have been reduced to zero per cent. That has offered Vietnamese exporters a competitive advantage compared to other rivals such as Thailand, Malaysia, Indonesia, Philippines, India, and Brazil which had yet...
Currently, Việt Nam is the 23rd largest tea supplier to the UK market. However, Vietnamese tea exports to the market decreased sharply both in value and volume over the first half of 2023.
According to the Viet Nam Association of Seafood Exporters and Producers (VASEP), the UK is in the top 10 seafood import markets of Viet Nam, accounting for 3 per cent of seafood export value.
Seafood export is a key industry of the province, accounting for 92 per cent of its total export turnover, said the department''s deputy director Dương Vũ Nam.
Currently, Viet Nam ranks 15th among countries exporting rice to the UK, making up a modest 0.42 per cent of the total import turnover to this country. That means the door is wide open for Vietnamese rice in the market.
Viet Nam saw strong import-export recovery in the first quarter, estimated at US$152.65 billion, up 24.1 per cent year-on-year, said an industry and trade official.
Việt Nam in the first quarter of this year gained a year on year increase of 69.5 per cent in tra fish export value to US$11.9 million to the UK, according to the Việt Nam Association of Seafood Exporters and...
Tra fish exports to the UK were worth US$45.7 million last year, an increase of 2.5 percent over the previous year, according to the Vietnam Association of Seafood Exporters and Producers.