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According to the Import and Export Bureau of the Ministry of Industry and Trade of Vietnam, the Vietnam-UK Free Trade Agreement (UKVFTA) has greatly supported the share of
Vietnam's coffee industry in the UK market since it came into force.
Vietnam's coffee industry in the UK market since it came into force.
Six years after the signing of the Vietnam-UK Free Trade Agreement, the UK will eliminate import duties for Vietnam at 99.
2%, equivalent to 99.
7% of Vietnam's exports
.
Therefore, Vietnamese enterprises need to quickly seize the opportunity to understand market demand, export processes, and do a good job in packaging and printing design
.
At the same time, we will organize production activities in accordance with British quality standards, increase investment in product preservation and transportation technology, improve product quality, especially pay attention to trademark registration and protection in the UK, build enterprise networks, and cooperate with large British distribution enterprises
.
2%, equivalent to 99.
7% of Vietnam's exports
.
Therefore, Vietnamese enterprises need to quickly seize the opportunity to understand market demand, export processes, and do a good job in packaging and printing design
.
At the same time, we will organize production activities in accordance with British quality standards, increase investment in product preservation and transportation technology, improve product quality, especially pay attention to trademark registration and protection in the UK, build enterprise networks, and cooperate with large British distribution enterprises
.
At present, the Ministry of Industry and Trade is actively helping Vietnamese enterprises to connect with partners, promote the national brand image through a series of trade promotion activities, and provide consulting services to help enterprises smoothly export
to the UK.
to the UK.
Wu Zhongqing, deputy director of the Department of Multilateral Trade Policy of the Ministry of Industry and Trade, said that at present, Vietnam has made positive progress in formulating laws and regulations and implementing free trade agreements (FTAs), which can meet higher standards
than the World Trade Organization (WTO).
than the World Trade Organization (WTO).
According to statistics from the Ministry of Industry and Trade, in August 2022, Vietnam's coffee exports to the UK reached 2230 tons, an increase of 18% month-on-month and a year-on-year decline of 35%; Exports amounted to US$4.
75 million, up 18% sequentially and 27.
8%
year-on-year.
75 million, up 18% sequentially and 27.
8%
year-on-year.
In the first 8 months of 2022, Vietnam's coffee exports to the UK still reached 34,680 tons, an increase of 57.
9% year-on-year; Exports amounted to US$70.
68 million, up 84.
2%
year-on-year.
9% year-on-year; Exports amounted to US$70.
68 million, up 84.
2%
year-on-year.
In the first eight months of 2022, the average export price of Vietnamese coffee to the UK reached $2038 per tonne, an increase of 16.
6%
year-on-year.
6%
year-on-year.
Vietnam exports three types of coffee to the UK, namely Robusta, Arabica and processed coffee
.
The market share of Vietnamese coffee in UK coffee imports increased from 16.
33% in the first half of 2021 to 29.
92%
in the first half of 2022.
(End)
.
The market share of Vietnamese coffee in UK coffee imports increased from 16.
33% in the first half of 2021 to 29.
92%
in the first half of 2022.
(End)
