Illustrative image (Photo: VNA) Hanoi (VNA) – The UK-Vietnam Free Trade Agreement(UKVFTA) has brought about positive results though it took effect recently,said head of the Ministry of Industry and Trade (MoIT)’s Multilateral TradePolicy Department Luong Hoang Thai at a seminar held in Hanoi on January 18.
The seminar, co-hosted by the MoIT and the British Embassy inHanoi, focused its discussion on e-commerce in the UKFTA – key to Vietnam – UK growth.
Thai said room for Vietnam – UK cooperation remains huge asVietnam’s shipments to the UK only accounted for 0.88 percent of its totalimports while the UK’s exports to Vietnam remain modest.
British Consul General in Ho Chi Minh City and Director for UKTrade in Vietnam Oliver Todd said the pandemic pushed Vietnam’s e-commercemarket to a growth of 53 percent compared to 2020, making it an optimal choicefor businesses and people.
Illustrative image (Source: VNA)Nguyen Thi Minh Thuy, Director of the Vietnam Trade PromotionAgency’s InformationTechnology and Application Centre, said the UK isalways among the top buyers on Alibaba.com, except farm produce.
Meanwhile, the Vietnamesefirms successfully built the trademark “Made in Vietnam” on the world map onAmazon.com, leaving strong impression on the Vietnamese economy ininternational market and in the UK in particular, she added.
Head of the International Cooperation Office under the MoIT’sE-Commerce and Digital Economy Agency Bui Thanh Hang suggested the Statecontinue refining legal framework and partner with the UK to offer capacityimprovement programmes for businesses./.
