UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion

To better exploit the tariff incentives from the UKVFTA, it is necessary for Vietnamese fishery producers and exporters to focus on improving quality and supply capacity to expand market share in the UK Việt Nam should focus on improving quality and building brands for fishery products to take advantage of the UK-Việt Nam Free Trade Agreement (UKVFTA) for further expansion to this market. According to Nguyễn Hoài Nam, deputy general secretary of the Việt Nam Association of Seafood Exporters and Producers (VASEP), the fishery sector is one which can benefit the most from the UKVFTA. The tariffs on shrimp and tra fish have been lifted completely since the UKVFTA came into force. Shrimp and tra fish are currently the two major export fish products of Việt Nam to the UK, accounting for 70 per cent and 20 per cent, respectively, of Việt Nam’s total exports, worth around US$300-350 million to this market every year, or four per cent of the country’s total global exports. “These are, ...