As one of the new generation free trade agreements, the UK-Vietnam Free Trade Agreement (UKFVTA) is expected to bring many benefits and opportunities, positively impacting bilateral trade between Vietnam and the UK. However, many challenges still need to be posed, negatively affecting bilateral trade between the two countries. This study summarizes the bilateral trade between Vietnam and the UK before and after the UKVFTA was signed. At the same time, the research evaluates the impact of UKVFTA on Vietnam's exports to this country. From there, some policy implications are given for the Government and businesses of Vietnam to take advantage of opportunities and overcome challenges brought by UKVFTA to boost Vietnam's exports to the UK the next time.