Building Bridges in Trade and Finance:
UK – Viet Nam Cooperation
Trusted partners in growth, innovation, and sustainable finance.
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£9 billion
Bilateral trade value between the UK and Viet Nam
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£5.1 billion
Increased amount of bilateral trade since 2015
Viet Nam
The UK's 2nd biggest trade partner in ASEAN
2nd
London's consistent ranking in the Global Financial Centre Index
Overview
The UK is a global financial hub and Viet Nam is one of Asia’s fastest-growing markets. Together, we are unlocking opportunities in banking, fintech, green finance, insurance, and capital markets — supporting sustainable growth and innovation.
HoSE: 400 listed firms; total market cap reached $172bn in 2023
Insurance: Gross written premiums hit $10.2bn in 2022, up from $9bn in 2021
Fintech: 150+ firms attracted about $410m in foreign investment
Areas for Cooperation
Agriculture
With 100M people and a rising middle class, Viet Nam offers big potential for UK agri-food exports — from whisky and seafood to confectionery — while supplying the UK with tropical fruits, coffee, nuts, and seafood.
- UK F&B exports to Viet Nam hit £140m in 2023.
Education
The UK is among the top 5 destinations.
- Receiving approx. 12,000 students each year,
according to Viet Nam's Ministry of Education and Training.
Energy
Viet Nam is emerging as a renewable energy leader in ASEAN.
- Renewables projected to reach 30–39% by 2030 and 67–71% by 2050.
- Opportunities for UK businesses include project financing, design, engineering, installation, O&M, partnering with local SOEs on the country’s first offshore wind projects.
Health
- Viet Nam has 1,800+ hospitals, including 1,500 public and 300 private facilities mainly in Hanoi, HCMC, and Da Nang.
- The pharma and medical device markets are import-driven (60% and 95%), with UKVFTA and CPTPP further opening access for global partners.
Infrastructure
- Viet Nam invests about 6% of GDP in infrastructure — the highest in Southeast Asia — with total needs of $480bn by 2030.
- Major projects include $40bn for 10 metro lines in Hanoi and $25bn for 8 lines in Ho Chi Minh City, creating strong opportunities for UK firms.
Technology
Viet Nam’s tech sector is booming, powered by a young, digital-savvy population and strong government support.
- The digital economy is forecast to grow fastest in Southeast Asia (2022–2025), with 71% of the population on social media — among the world’s highest rates.
Finance
The UK, a global financial hub, and Viet Nam, one of Asia’s fastest-growing markets, are partnering to boost banking, fintech, green finance, insurance, and capital markets.
- HoSE hosts 400 firms worth $172bn (2023).
- 150+ fintech firms attracted $410m in foreign investment.
News
Explore opportunities
Partner with us today
BRITISH EMBASSY HANOI
+84 (0) 24 3936 0500
DIT.Vietnam@fcdo.gov.uk
BRITISH CONSULATE GENERAL HO CHI MINH CITY
+84 (0) 283 825 1380
DIT.Vietnam@fcdo.gov.uk
