Exports to the UK market enjoy robust growth

Sunday, 11/08/2024 21:44
In the first half of this year, the total trade turnover between Vietnam and the UK reached more than US$3.9 billion, an increase of 21.7% over the same period from 2023, with Vietnam recording a trade surplus of more than US$3.2 billion, up 28.5% on-year, reported the Voice of Vietnam according to preliminary statistics compiled by the General Department of Customs.
 Computers, electronic products and components are among Vietnam's key export items to the UK market. (Photo: VOV)

Vietnamese export turnover to the UK market in June alone grossed US$573.3 million, up 10.7% over the previous month, bringing six-month exports to US$3.5 billion, up 24.6% over the same period from last year.

The leading export items during the six-month period was the group of phones of all kinds and components, raking in more than US$638.4 million, accounting for 17.8% of the export proportion.  It was followed by the group of other machinery, equipment, tools and spare parts with US$606.9 million, up 44.7%, and footwear of all kinds with US$ 479.8 million, up 27.7% on-year.

Throughout the reviewed period, some item saw a significant increase in export turnover compared to the previous year including computers, electronic products and components, rubber, electric wires and cables, machinery, equipment and tools fruits and vegetables, garments and textiles, leather, footwear materials and all kinds of footwear.

 Rubber exports to the UK market in the first 6 months of 2024 increased by 110% compared to the same period in 2023. (Photo: vneconomy.vn)

According to the assessment of the Vietnam Trade Office in the UK and Northern Ireland, the UK market provides plenty of opportunities for Vietnamese exports, first of all, the preferential tariff basis under the UK-Vietnam Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnamese enterprises will have the opportunity to increase exports of rubber, electric wires and cables, telephones and components of all kinds, coffee, cereals, confectionery, ceramics, fruit and vegetables, food, leather shoes, garments and textiles, seafood, wooden furniture, and rice to the highly lucrative market as recently, the UK has tended to increase its demand for importing these products.

Furthermore, the UK market is quite big with roughly 68 million people alongside diverse needs, and an Asian community of more than 5.5 million people, which is also a favorable condition for Vietnamese enterprises to increase exports to this market, including wooden furniture.

To be able to capitalize on the opportunities brought about by the UKVFTA, Vietnamese businesses need to ensure that their products and production processes meet UK standards.

Dong Nai to launch festivities to boost tourism

The southern province of Dong Nai will launch a series of cultural and tourism events and products in 2025 to lure tourists and promote its tourism, reported Vietnam News Agency.

A tourism complex at Chua Chan Mountain and Nui Le Lake in Xuan Loc district of Dong Nai province is expected to be completed in 2030 and will be a new destination for tourists in the southeast region. (Photo: VNA) 

Secretary of the provincial Party Committee Nguyen Hong Linh asked the steering committee on tourism development and relevant agencies to plan for festivities to mark the 50th anniversary of the Liberation of the South and National Reunification (April 30) next year.

The activities could be an air-balloon festival at Tri An Reservoir, an artificial lake located on Dong Nai River, and a ceramics festival featuring unique products from craft villages in the province and neighbouring provinces.

There may be a street festival with performances of around 3,000 brass artists who are serving at local churches.

He also asked the steering committee and local authorities to build tourism routes connecting Long Thanh International Airport with Da Lat city in the Central Highlands province of Lam Dong, Phan

Thiet city in coastal province of Binh Thuan, and Ho Tram Beach in Xuyen Moc district of Ba Ria – Vung Tau province.

Phase 1 of the airport is projected to be put into operation in 2026, with a daily capacity of 257,000 passengers. In Phase 2, the airport will serve 300,000 passengers every day.

Linh said Dong Nai needs to prepare infrastructure, facilities, and tourism products, and be ready to serve tourists coming to the province via Long Thành International Airport.

According to the province’s People’s Committee, Dong Nai welcomed more than 2.1 million visitors in the first seven months of the year, up 17.5 per cent over the same period last year.

Total tourism revenue was 1.35 trillion VND (53.9 million USD), up 29.1% compared to the same period last year.

The province is working on new projects such as a tourism area at Mai Waterfall in Dinh Quan district, and a tourism complex at Chua Chan Mountain and Nui Le Lake in Xuan Loc district, to attract visitors.

Malaysian travel agents conduct fact-finding tour of Phu Quoc

A 157-member Malaysia delegation visited the Vietnamese pearl island of Phu Quoc situated off the coast of the Mekong Delta province of Kien Giang from August 9 to August 11 as part of efforts to survey tourist attractions and products, reported the Voice of Vietnam.

Photo: VOV 

The administration of Kien Giang introduced participating travel operators to Phu Quoc’s tourism potential and advantages, including diverse cuisine and culture, as well as its various strengths in eco-tourism.

During the trip, each of the guests toured around many beautiful sightseeing spots in Phu Quoc such as the Kiss Bridge, an iconic work praised by CNN; Hon Thom Island; Sunset Town entertainment complex, a site offering visitors fun experiences day and night year-round; and Phu Quoc National Park.

In July, Phu Quoc island city received 63,116 international tourists, up 27.4% on-year, as reported by the provincial Department of Tourism.

The figures recorded in July brought the number of foreign visitors to Phu Quoc during the past seven months of the year to 562,288, meeting 84.4% of the annual target.

The reviewed period also saw Phu Quoc welcome four million tourists in total, fulfilling 59.2% of the annual target.

Vietnamese tourism space launched in Brunei

The Vietnamese Embassy in Brunei launched a space introducing Vietnam's tourism at the Brunei International Airport on August 11, aiming to promote the image of the Vietnamese nation, people, and culture to Brunei and international friends, reported Vietnam News Agency.

Delegates cut the ribbon to inaugurate the Vietnamese tourism space in Brunei. (Source: VNA) 

Addressing the ceremony, Ambassador Tran Anh Vu underlined that people-to-people exchange is one of the priorities in the Vietnam-Brunei comprehensive partnership in the 2023-2027 period.

The Vietnamese tourism space is the first of its kind by a foreign diplomatic corps in this public area, he noted.

In order to draw attention to the pavilion, the embassy will screen high quality video clips spotlighting the nation and people of Vietnam, including famous tourist attractions like Ninh Thuan, Nha Trang, and Da Nang.

Particularly, videos about Ninh Thuan, which is home to the Muslim community that shares many similarities with that in Brunei, will be highlighted, said the diplomat.

The space also displays the Vietnam News Agency's Victory photo book and many other publications on Vietnamese tourism and culture, along with many handicrafts as well as typical Vietnamese tipical products such as coffee, dried fruits, and agricultural products.

CEO of the Royal Brunei Airlines Sabirin Abdul Hamid said that the Vietnamese tourism space is a passionate effort of Vietnam and Brunei, specifically between the Vietnamese Embassy and the Royal Brunei Airlines.

The current frequency of three flights per week from Brunei to Ho Chi Minh City is not commensurate with the potential for cooperation between the two countries, he held, expressing his hope that with the information provided by the Vietnamese tourism promotion space, this potential will be further exploited./.

Compiled by BTA

RELATED NEWS

Comment
FullName
Email
Contents

/

Confirm