UKVFTA a lever for trade cooperation among the UK and VN's five central cities
After more than two years of implementation, the UK-Việt Nam Free Trade Agreement (UKVFTA) has had positive effects on trade cooperation among the UK and Việt Nam's five central cities.
These five cities are HCM City, Hà Nội, Hải Phòng, Đà Nẵng and Cần Thơ.
The five cities' major export items to the UK included textiles and garments, bags, footwear,metalwork, minerals, and handicrafts.
Reports from the five cities showed that the FTAs, including the UKFTA, have contributed to promoting the socio-economic development of these cities.
In the future, the world situation will continue to evolve rapidly and unpredictablely. Sustainable development has become an overarching trend in the world. At the same time, digital economy, circular economy, and green growth are development models chosen by many countries.
To exploit opportunities from the UKVFTA, the five cities said they will promote the dissemination of export market information and support exporting businesses.
The five central cities will coordinate with the Ministry of Industry and Trade to closely monitor the export situation so that they can promptly support businesses to grasp new information about the market, import and export needs, and cooperation opportunities.
