Impact of UKVFTA on Vietnam's footwear export activities to the United Kingdom

Abstract

This study utilizies the Smart (Software for Market Analysis and Restrictions on Trade) model with 2021 data taken from the World Bank's WITS (World Integrated Trade Solution) system to assess the effects of the Vietnam- United Kingdom Free Trade Agreement (UKVFTA) on Vietnam's footwear exports to the UK. The research findings demonstrate that the UKVFTA contributes positively to the value of Vietnam's footwear export turnover to the UK. Additionally, the author suggests strategies derived from the research results to enhance export endeavors and bolster the competitiveness of Vietnamese footwear products in the UK market in the future.