Vietnam has a huge advantage in the agricultural segment, and agricultural products also play a key role in exports. The United Kingdom - Vietnam Free Trade Agreement (UKVFTA) has taken into effect since the beginning of 2021, and it is expected to boost the country’s exports, especially agricultural products.
In 2021, Vietnamese export to the UK rose 16.4 per cent year-on-year to US$5.7 billion despite the impact of the pandemic, according to the Ministry of Industry and Trade. Among products witnessing dramatic growth in shipments to the UK market, there were three agricultural products - fruits and vegetables (67 per cent), coffee (17 per cent), and pepper (49 per cent).
Data from the General Department of Vietnam Customs showed that in the first six months of 2022, Vietnam exported more than $2.9 billion to the UK market, an increase of nearly 1.2 per cent year-on-year. Of which agricultural exports climbed nearly 19 per cent over last year.