How can Viet Nam, UK best exploit CPTPP?

How can Viet Nam, UK best exploit CPTPP?

The United Kingdom (UK)'s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a really significant moment for the UK and for the CPTPP group as well as for Viet Nam-UK bilateral relations.

Vietnam-UK trade grows 22% in 10 months

Vietnam earned 6.4 billion USD from exports to the UK in the first 10 months of this year, marking a year-on-year rise of 22%, reported the General Department of Vietnam Customs.

UK stands ready to help Vietnam build international financial hub

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.

UK's accession to CPTPP to bring more incentives for Vietnamese exports

The UK's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will complement the existing UK-Vietnam Free Trade Agreement (UKVFTA) and help upgrade the bilateral relations thanks to additional preferential tariffs, Kemi Badenoch, Secretary of State for the Department for Business and Trade of the UK, reportedly said.

Vietnam, UK further intensify relations

The strategic partnership between Vietnam and the UK has been deepened further in various fields since the two countries established diplomatic relations in 1973.

Vietnam’s exports to UK up 16.4 percent last year

After being heavily impacted by COVID-19 for two years, trade between Vietnam and the United Kingdom (UK) has recovered, reaching nearly 6.6 billion USD at the end of 2021, up 17 percent from the previous year, according to the Ministry of Industry and Trade.
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