Free trade agreements to which Vietnam is a member are working, along with the emerging potentials of the Vietnamese market.
 
The world economy and trade are being greatly affected by global uncertainties. But in Viet Nam, free trade agreements of which Vietnam is a member are working, along with the emerging potentials of the Vietnamese market. These are the factors that ensure continuity for the dynamic trade relationship between Vietnam and important markets.
 
The UK business specializes in crafting mobile phones with market-leading technologies. The business has chosen Hanoi as the first destination in Southeast Asia and the second destination in Asia after Dubai.
 
Mr. Hutch Hutchison - Co-Founder, Design Director of XOR Group, UK said: "Vietnam is one of the countries with the highest growth rate in Southeast Asia. Around our store there are also many stores of other leading brands in the world. Streets like this are attractive destinations for the whole of Southeast Asia".
 
Vietnam Free Trade Agreement - UK UKVFTA helps Vietnam save up to 114 million pounds on taxes when exporting goods to the UK. And in the opposite direction, the UK also reduced £36 million in tax when exporting goods to Vietnam. This has contributed to trade between the two countries reaching nearly 8 billion USD last year, more than three times higher than in 2010 when the two countries began to establish a strategic partnership.
 
Mr. Harry Rawicz-Szczerbo - Ambassador of the United Kingdom to Vietnam said: "After UKVFTA, the most recent is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Bilateral trade between Vietnam and the United Kingdom has increased rapidly in recent years. And we expect that many British businesses will continue to come to Vietnam to do business in the near future".
 
The rapidly increasing population of young, middle class and upper class is one of the factors that make the Vietnamese market attractive to foreign investors. As the Korean corporation has just invested in the largest commercial complex in Vietnam up to 600 million USD; welcome more than 30,000 visitors per day; earn nearly 73 million USD after only 4 months.
 
Mr. Hong Sun - Chairman of the Korean Business Association in Vietnam commented: "Vietnam's population is a golden population. Many people are able to afford consumption. The average income per capita is increasing day by day. This year, there are also many large-scale projects that we are preparing to invest in. We trust in the government of Vietnam.
 
Mr. Adam Sitkoff - Executive Director of the American Chamber of Commerce in Vietnam commented: "Vietnam's localities are constantly trying to compete with each other to become more attractive in the eyes of investors. Conclusion as a result, administrative procedures such as investment licensing or tax collection have been improved."
 

It is forecast that from now until 2030, Vietnam will be one of the markets with the largest consumer scale in Asia, contributing to shaping the global retail market, continuing to be a potential destination for retailers. international investment.