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Vietnam, UK Sign Agreement on Free Trade Deal, Look to Strengthen Ties

Vietnam, UK Sign Agreement on Free Trade Deal, Look to Strengthen Ties
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Vietnam-UK trade relations elevating to new altitudes

Vietnam-UK trade relations elevating to new altitudes 13:31 | 15/12/2020 The UK-Vietnam Free Trade Agreement was settled last week and will take effect from January 1, in which 99 per cent of tariffs between two countries will be eliminated â and full implementation is set to further boost UK-Vietnam bilateral trade, which has already tripled in the past decade. Most tariffs will be eliminated across many products following the new UK-Vietnam Free Trade Agreement which comes into effect next month The conclusion of the UK-Vietnam Free Trade Agreement (UKVFTA) last week took place just as the two countries celebrated 10 years of a bilateral strategic partnership. Vietnamese Minister of Industry and Trade Tran Tuan Anh said, âThe signing of the agreement is of huge significance and practical value for several reasons. It stems from the actual needs of both countries â Brexit means that the agreement between Vietnam and the EU (EVFTA)

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Hanoi active in stimulating tourism demand | Business | Vietnam+ (VietnamPlus)

The Vietnam International Travel Mart 2020 (VITM 2020) was held in November, offering a chance for travel agencies and localities to promote tourism products and services, and seek business partnerships. The municipal Department of Tourism reported that the number of tourists visiting the capital surged over 29 percent in November, and they were mainly domestic. The city also welcomed 21,000 foreign visitors, up 5 percent compared to the previous month, and this is a positive sign, creating momentum for the city to speed up its tourism recovery, it said Local travel agencies have also focused on creating new tours to stimulate domestic tourism demand while also maintaining traditional tours. They have also adopted

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Eleven-month seafood exports down 0 9 percent | Business

Processing shrimp for exports (Photo: VNA) Hanoi (VNA) - Vietnam’s seafood export turnover in the first 11 months of 2020 hit 7.75 billion USD, down 0.9 percent from the same period last year, according to the Ministry of Agriculture and Rural Development (MARD). In November alone, the country raked in 800 million USD from exporting seafood, with 418.99 million USD from shrimp and 174.64 from Tra (pangasius) fish. The US, Japan, mainland China and the Republic of Korea (RoK) were the major import markets of Vietnamese seafood products in the last 11 months, making up nearly 60 percent of total export value, the ministry said. Vietnam also spent 1.59 billion USD on importing seafood during

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UKVFTA ushers in new opportunities for Vietnam-UK trade

UKVFTA ushers in new opportunities for Vietnam-UK trade The conclusion of the UK-Vietnam Free Trade Agreement (UKVFTA) demonstrates the importance of Vietnam as a market and its heightened position in the eyes of the UK, Vietnamese Ambassador to the UK Tran Ngoc An told the Vietnam News Agency after the finalisation of the bilateral trade deal in Hanoi on December 11. Based on the terms of the EU-Vietnam Free Trade Agreement (EVFTA), the UKVTFA is a new-generation, high-quality bilateral agreement that reduces tariffs to zero and eliminates non-tariff barriers on most goods from both countries under a short roadmap, An said. It also contains important provisions on intellectual property rights, investment liberalisation, and sustainable development, and commitments to meet the standards of the International Labour Organisation (ILO) and the UN Framework Convention on Climate Change.

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