UKVFTA Trade Committee convenes 2nd meeting in Hanoi

PSNews - The second meeting of the Vietnam-UK Free Trade Agreement (UKVFTA) Trade Committee was held on August 24 in Hanoi. 

The event was co-chaired by Deputy Minister of Industry and Trade Phan Thi Thang and British Minister of State for International Trade Nigel Huddleston.

At the meeting, participants listened to reports on outcomes of meetings of professional committees that were held earlier.

Both Deputy Minister of Industry and Trade Phan Thi Thang and British Minister of State for International Trade Nigel Huddleston hailed efforts of the committees in coordinating together and updating each other on each side’s legal regulations, contributing to effectively implementing the UKVFTA.

UKVFTA Trade Committee convenes 2nd meeting in Hanoi -0
At the event.

Besides, the two sides also discussed a number of issues such as the increase of Vietnamese rice exporters’ opportunities to access the UK market, and methods to calculate the free trade agreement utilization rate.

Concluding the meeting, the two sides agreed on the continuing to actively and closely cooperate at all levels to further enhance the exploitation of commitments of the deal, contributing to promoting the bilateral trade and investment.

The two sides agreed to hold the third meeting of the UKVFTA Trade Committee in London in 2024.

According to the General Department of Vietnam Customs, trade between Vietnam and the UK rose 0.5% to 3.95 billion USD in the first seven months of this year, including Vietnam’s exports of 2.5 billion USD.

So far, the UK has run 536 direct investment projects in Vietnam with total registered capital of 4.28 billion USD, ranking 15th among 143 foreign investors in the country. In the first seven months of 2023, the UK invested in 28 new projects with total registered capital of 44.9 million USD in Vietnam.

  • UKVFTA Trade Committee convenes 2nd meeting in Hanoi ảnh 2 Vietnam-UK discuss measures to prevent human trafficking from afar
  • UKVFTA Trade Committee convenes 2nd meeting in Hanoi ảnh 3 British MPs back enhancement of Vietnam-UK strategic partnership
By An Nhien

Other News

Communication drive promoted for 500-day campaign to locate, identify fallen soldiers' remains

Communication drive promoted for 500-day campaign to locate, identify fallen soldiers' remains

Under the plan, all central and local media outlets are required to launch columns on the campaign, maintain regular coverage, and produce at least five to seven in-depth reports each month in key search areas. Media agencies will also be encouraged to gather and verify valuable information and develop high-quality products in both Vietnamese and foreign languages, including feature articles, documentaries, reports and short videos.

First Vietnamese pagoda in Tokyo inaugurated

First Vietnamese pagoda in Tokyo inaugurated

Ambassador Pham Quang Hieu expressed confidence that the establishment will serve as a strong spiritual anchor for Vietnamese people living in Japan while contributing to friendship and cultural exchanges between the two countries.

National drive kicks off to protect, support children online

National drive kicks off to protect, support children online

Cyberspace now runs through children’s learning, entertainment, and daily lives, but warned it is laced with dangerous content, online insults, threats, and seemingly harmless clicks that can trigger fraud, data breaches, and risks children who are not yet equipped to handle.

Vietnam, RoK scholars discuss diplomatic perspectives amid modern East Asia

Vietnam, RoK scholars discuss diplomatic perspectives amid modern East Asia

A scholar has stressed the need for Vietnam to make use of cooperation opportunities arising from the RoK’s foreign policy, particularly in semiconductor technology, artificial intelligence (AI), supply chains, digital transformation, and green energy, as well as chances in multilateral diplomacy.

'Barefoot inventor' and global ambitions

'Barefoot inventor' and global ambitions

Pham Van Hat is best known as the creator of the made-in-Vietnam “Seed Sowing Robot,” now exported to 15 countries, alongside dozens of practical inventions that have eased labour for thousands of farmers.

Safeguarding fairness for creators, future of Vietnam's culture

Safeguarding fairness for creators, future of Vietnam's culture

Films, music, television programmes, e-books, video games, journalistic works, images and creative data can now be copied, edited and redistributed within minutes. While copyright violations were once linked mainly to pirated discs or counterfeit books, infringements have shifted online with faster speed, wider scale and greater anonymity.

Flower tribute ceremony honours President Ho Chi Minh in Russia

Flower tribute ceremony honours President Ho Chi Minh in Russia

Consul General Nguyen Viet Kien stressed President Ho Chi Minh’s reputation and career transcended Vietnam’s borders to inspire liberation movements worldwide, and that his ideas on the right to self-determination, peace, and friendship among nations remain deeply relevant today.

Education ministry targets five digital technology incubators at universities

Education ministry targets five digital technology incubators at universities

A key target under the new plan is the establishment of five digital technology incubators, or Deeptech Hubs, at universities and research institutes with strong potential. The education ministry also plans to launch a training programme for 1,000 outstanding technology entrepreneurs and develop criteria for selecting and supporting startup ecosystems within educational institutions.

Vietnam steps up implementation of ethnic affairs strategy through 2030

Vietnam steps up implementation of ethnic affairs strategy through 2030

To accelerate the implementation of the the Ethnic Affairs Strategy by 2030, with a vision toward 2045, the Prime Minister requested ministries, agencies and local authorities to continue thoroughly carrying out the Party and State’s policies on ethnic affairs, enhancing the effectiveness of State management and strengthening oversight of policy implementation.

Security preparations reviewed for APEC 2027 in Phu Quoc

Security preparations reviewed for APEC 2027 in Phu Quoc

The team examined the APEC 2027 Convention Centre, where main conference activities are scheduled; Sun Serenia Hospital, designated to provide healthcare and emergency medical services for delegates; provincial road DT.975, which connects Phu Quoc International Airport to the convention centre; and the area surrounding Phu Quoc International Airport.