Overview of the working sesion (Photo: moit.gov.vn)Fox affirmed that the UK hopes toforge stronger multifaceted cooperation with Vietnam which ranks 38th out of the UK’s 241 trade partners in 2015.
Minister Anh said that Vietnamhighly values the position and role of the UK in its bilateral relations, aswell as important contributions of the UK as a political, economic, culture,science and technology centre of the world.
He expressed his belief that theUK and Vietnam will boost their ties in a sustainable, practical and intensivemanner.
According to the Minister ofIndustry and Trade, the Vietnam-UK relationship has been growing with soundpolitical-diplomatic ties.
Bilateral affiliation in economyand trade has progressed, especially after the two countries signed their strategicpartnership. Vietnam is the 25th largest exporter among 233 to theUK. Vietnam ranks second in ASEAN after Thailand in export revenue in the UK asit accounts for 0.8 percent of total imports of the European country.
At the same time, the UK is thethird largest EU country in terms of import-export revenue with Vietnam.
In 2016, two-way trade value reached 5.62 billion USD, a rise of 4.34 percentfrom a year ago, with Vietnam’s exports hitting 4.9 billion USD and imports, 717.2million USD.
Major Vietnamese products shippedto the UK include footwear and accessories, seafood, electronics, apparels, andfabrics.-VNA
VNA
