Just over one year on from the signing of the UK-Vietnamese Free Trade Deal, bilateral trade between the two countries has continued to increase. The UK is currently the 3rd largest trading partner of Vietnam in Europe after Germany and the Netherlands, with UK exports primarily focused around pharmaceuticals, machinery and education. However, front end infrastructure services and Climate related sectors including renewables, adaptation and resilience products are increasingly playing a more prominent role in UK exports. In this event, attendees will hear a breakdown of these key sectors and importantly, where these opportunities are.
From 2010 to 2019, bilateral trade between the countries tripled to USD7 billion. In 2019 alone, UK businesses exported goods to Vietnam worth over USD830 million, demonstrating the increasing potential of this new trading relationship. Significantly, the renewable energy sector in Vietnam is continuing to rapidly expand, presenting great opportunities for UK investors. Although Vietnam still relies heavily on fossil fuels for its energy resource, the great potential for renewables and recent government support puts Vietnam in a more attractive position for foreign investment in the sector.
As large numbers of Vietnamese citizens continue to move into urban areas throughout the country, government officials are pushing the development of metro rail systems. The aviation industry continues to grow with emerging airline companies, new routes both foreign and domestic, and the construction of the Long Thanh International Airport in Ho Chi Minh City. Railway and aviation sectors continue to grow in Vietnam and are a great opportunity for UK businesses in those industries, particularly in the front end of these projects.
Join us as we hear the latest overview on these critical sectors, a breakdown of the current political and economic landscape and have your questions answered.
For further information, please contact:
BEI Events Team | events@britishexpertise.org
