HANOI: Many British investors are seeking investment opportunities in Vietnam in the hope of cashing in on free trade agreements (FTAs) that Vietnam has signed with the United Kingdom and other economies worldwide.
The UK-Vietnam Free Trade Agreement (UKVFTA), which officially took effect in May 2021, was one of the first trade deals inked by the UK after it left the European Union (EU) by the end of 2020, which reflected the importance of Vietnam in the UK’s trade policy.Bilateral trade and investment between the two economies have grown significantly with a growth rate of 17% last year.
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