Hanoi (VNA)- The recent debut of the Vietnam-EU e-commerce platform (VEFTA) is expected toboost Vietnam’s exports to the EU market, experts have said.
Nguyen Kim Hung, head of the Vietnam Institute of Business Administration and DigitalEconomy, said the platform will serve as a B2B marketplace, helping connect Vietnamesefirms and international trade partners, especially those from Europe.
Once completed, it will be directly linked with the existing e-commerce platformsof cities, provinces, and sectors, he said, noting that the platform will also providenecessary information about trade agreements and policies regarding internationaltrade.
Efforts are being made to build a digital eco-system to facilitate connectivityand trading by enterprises on a single platform, according to Hung.
Deputy Minister of Industry and Trade Cao Quoc Hung stressed the significance ofthe platform for small and medium-sized enterprises and household businesses.
Nguyen Viet Cuong, Director of the Kim Nam Tech Company Limited, said that witha trading scale larger than present platforms, the VEFTA enables the export of“Made in Vietnam” products, mainly agro-forestry products and footwear, to the EU.
Meanwhile, Chairman of the Vietnam Association of Small and Medium Enterprises NguyenVan Than said the association wishes to accompany its members and the Ministry ofIndustry and Trade (MoIT) in studying solutions, focusing on digital transformationand e-commerce, in an effort to help domestic firms optimise advantages generatedby the EU-Vietnam Free Trade Agreement (EVFTA).
According to the MoIT, Vietnam’s exports to the EU were up 3.5 percent in theopening months of the trade deal, from August to December last year.
During the first quarter of this year, trade turnover hit 9.9 billion USD, an 18percent increase year-on-year.
Vietnam posted a trade surplus of 4 billion USD with the EU in January and February,representing a year-on-year rise of 36.3 percent.
Plastic materials, rubber products, computers, electronics and components, steel,and chemicals saw the highest increases in export revenue./.
The EU-Vietnam Free Trade Agreement (EVFTA) has clearly helped promote trade between Vietnam and Sweden, with Vietnam’s export turnover to the country in January surging 99.94 percent year-on-year, according to the Vietnamese Trade Office in Sweden.
The Vietnamese Government has issued a Resolution approving the UK-Vietnam Free Trade Agreement (UKVFTA) and will complete procedures this month to officially bring it into force on May 1, Deputy Minister of Industry and Trade Dang Hoang An has said.
Deputy Minister of Foreign Affairs To Anh Dung on March 26 chaired a ceremony to exchange official notes between Vietnam and the UK confirming the effective date of the UK-Vietnam Free Trade Agreement (UKVFTA).
A cooperation programme to help businesses to optimise advantages from the EU-Vietnam Free Trade Agreement (EVFTA) through the Vietnam-EU e-commerce platform made debut in Hanoi on March 26.
Vietnam has been making good use of advantages of the international economic integration process, helping to increase the country’s exports by 22 percent year-on-year and imports by 26 percent in the first quarter of 2021, said Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.