(Illustrative photo: VNA) HCM City (VNA) - Vietnameseenterprises need to improve quality and build a brand for the country’s farmproduce as the EU-Vietnam Free Trade Agreement (EVFTA) creates a huge opportunityto bolster the exportation of goods and farm produce to Europe, heard a workshopin HCM City on July 24.
Organised by the branch of the Vietnam Chamber of Commerce and Industry (VCCI)in the city, the workshop discussed ways of capitalising on opportunities broughtabout by the EVFTA and improving the capacity of agricultural companies joiningthe global value chain.
Once in effect, the EVFTA is expected to open the door for many Vietnameseproducts given that tariffs on agro-fishery-forestry products will be removed.
Aside from markets such as Germany, France, and the UK, Vietnamese companieswere advised to also bolster exports to other markets in the EU that holdpotential in farm produce consumption.
As European countries have stepped up inspection and control over the qualityand origin of farm produce from Asia, companies also need ensure that theirproducts meet requirements for exports.
They also need to take the initiative in applying intellectual property rights toraise brand recognition, competitiveness, and customer trust.
The EU is currently Vietnam’s third-largest agro-fishery-forestry export market,after only China and the US. The bloc accounted for 11.75 percent of Vietnam’s exportvalue last year./.
Organised by the branch of the Vietnam Chamber of Commerce and Industry (VCCI)in the city, the workshop discussed ways of capitalising on opportunities broughtabout by the EVFTA and improving the capacity of agricultural companies joiningthe global value chain.
Once in effect, the EVFTA is expected to open the door for many Vietnameseproducts given that tariffs on agro-fishery-forestry products will be removed.
Aside from markets such as Germany, France, and the UK, Vietnamese companieswere advised to also bolster exports to other markets in the EU that holdpotential in farm produce consumption.
As European countries have stepped up inspection and control over the qualityand origin of farm produce from Asia, companies also need ensure that theirproducts meet requirements for exports.
They also need to take the initiative in applying intellectual property rights toraise brand recognition, competitiveness, and customer trust.
The EU is currently Vietnam’s third-largest agro-fishery-forestry export market,after only China and the US. The bloc accounted for 11.75 percent of Vietnam’s exportvalue last year./.
VNA
