Also in the news...
UK-Norway Iceland Liechtenstein free trade agreement
Business guidance, reports and other documents to help you understand the UK-Norway, Iceland, and Liechtenstein free trade agreement (FTA).
Essential Steps Before Launching an International Auction Business
Expanding a business internationally presents unique challenges, particularly when that business involves auctions. The global auction market continues to grow as more entrepreneurs see its potential for reaching new customers across borders. However, success in this specialised field requires careful planning and the right technological foundation.
Innovative Welsh exporter puts Britain at the forefront of global immunisation efforts
UK Export Finance supports renewable energy tech company Dulas to deliver life-saving vaccine refrigerators to over 80 countries worldwide.
British aerospace manufacturers to benefit from UK-US trade deal
British aerospace manufacturers to benefit from UK-US trade deal as further details announced
PM secures new agreement with EU to benefit British people
UK secures new agreement with the European Union to support British businesses, back British jobs, and put more money in people’s pockets.
Doing Business In Vietnam
Overseas investors in Vietnam remain committed to the country and it is not difficult to see why. With the third largest population in South East Asia, after Indonesia and the Philippines, and more than half of the population below the age of 30, Vietnam is a youthful and vibrant country with a developing culture of entrepreneurship, technological awareness and openness to new ideas.
With literacy rates of over 90%, the workforce is vast and well-educated. Employment costs are lower than in neighbouring countries and living standards are rising. Vietnam has made a remarkable recovery over the last few decades.
Vietnam became a member of the World Trade Organization (WTO) in 2007, which helped to secure domestic reforms and was requisite in the country’s progress towards becoming a market-orientated economy.
Vietnam is listed as one of UK Trade and Investment’s 20 high growth markets and the country offers a range of incentives to exporting UK companies. A member of Association of Southeast Asian Nations (ASEAN)and its free trade area, Vietnam is liberalising its economy and is predicted to become one of the top 10 fastest-growing economies within the next ten years.