Made in Vietnam products are known for their many strengths, including competitive value for money. This is because Vietnam has a relatively low cost of skilled labour and materials, which allows manufacturers to produce high-quality products at competitive prices.
FREE TRADE AGREEMENTS
Free trade agreements: Vietnam has signed free trade agreements with both the UK and the EU, which gives Vietnamese products access to a large and growing market.
The EU-Vietnam Free Trade Agreement (EVFTA) is a comprehensive trade agreement that covers a wide range of goods and services. It is the most ambitious FTA that the EU has ever signed with a developing country.
The UK-Vietnam Free Trade Agreement (UKVFTA) replicates the commitments of the EVFTA with necessary adjustments to ensure compliance with the bilateral trade framework between the UK and Vietnam.
BENEFITS OF EVFTA & UKVFTA
There are numerous opportunities for trading Vietnamese products in the UK and the EU compared with other markets. The EVFTA and UKVFTA will eliminate 99% of tariffs on goods traded between Vietnam and the EU within 10 years. This will make it easier and cheaper for businesses to export and import goods, and will boost trade and investment between the two sides.
In fact, Vietnamese exports to the EU increased by 14% in 2021, after the EVFTA took effect. UK exports to Vietnam increased by 18% in 2022, after the UKVFTA took effect.
Specific products that are known for their high quality and competitive pricing from Vietnam include:
- Food and beverages: Vietnam is a major exporter of food and beverages, including coffee, tea, seafood, and processed foods. Vietnamese food and beverage products are known for their high quality and competitive pricing.
- Furniture: Vietnam is a major exporter of furniture, and Vietnamese manufacturers are known for their ability to produce high-quality products at competitive prices.
- Garments and footwear: Vietnam is also a major exporter of garments and footwear, and Vietnamese manufacturers are known for their ability to produce high-quality products at scale.
- Electronics: Vietnam is a major exporter of electronics products, including smartphones, laptops, and other consumer electronics.
We represent Vietnamese producers in all stages of the purchase process, supporting their market penetration and development.
We mainly focus on Vietnam’s leading brands of agricultural, food and beverage products.
We guarantee carefully short-listed potential business partners for our customer, paving the way for future collaboration success.