Ministry of Industry and Trade: Viet Nam-UK trade expands 29.2 percent in Jan-Feb
Two-way trade between Viet Nam and the UK in the first two months of the year surged 29.2 percent year-on-year, hitting 1.1 billion USD, according to the Ministry of Industry and Trade.
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| Illustrative image. (Photo: VNA) |
The ministry attributed the impressive result to the positive effect of the UK-Viet Nam Free Trade Agreement (UKVFTA) which took effect on January 1.
The agreement has greatly facilitated trade activities between the two countries, it said.
Viet Nam’s export turnover to the European nation totaled 998 million USD in the reviewed period, expanding 33 percent from the same period last year.
This is an impressive growth in the context that the COVID-19 pandemic still poses severe impacts on trade activities.
Rice, textiles, footwear, wood and vegetables are products greatly benefiting from the UKVFTA, the ministry said.
(Source: VNA)
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