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VietNamNews

VN-UK trade increases again after slowdown

Update: August, 15/2014 - 08:11

By early July, Viet Nam shipped more than $246 million worth of garments to the UK. — VNA/VNS Photo Vu Sinh

HA NOI (VNS) — With US$2.13 billion in half-year revenue, two-way trade between Viet Nam and the UK has picked up again after a long slowdown.

By early July, Viet Nam shipped more than $670 million worth of phones and spare parts to the UK, together with $246 million worth of garments and $265 million of footwear, said Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade Phan Thi Dieu Ha. Shipments of wooden products to the UK also brought home over $134 million.

However, Ha quoted sources from the Viet Nam Trade Office in the UK as saying that Vietnamese exporters still faced obstacles in the market due to the gap in development level and business culture.

In addition, Vietnamese goods had to cope with intense competition with rivals from Europe, India, China and Brazil. — VNS

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