In the first few months of 2025, HCM City welcomed many high-level delegations from EU countries, demonstrating the EU's special interest in the city, while opening up many new cooperation opportunities.
Vietnam has been participating in Ambiente, the world's leading trade fair for consumer goods, handicrafts, and interior decorations, for over 20 years.
The Ministry of Industry and Trade is intensifying trade promotion activities, focusing on new and potential markets that individual businesses have yet to gain direct access.
With the import-export value from January to mid-October reaching roughly 523 billion USD, Vietnam racked up a balance of trade surplus of over 22 billion USD.
Due to a lack of knowledge about origin regulations, many Vietnamese firms have yet to optimise advantages from the EU-Vietnam Free Trade Agreement (EVFTA), which has been effective for two years and generated great benefits for both sides, according to insiders.
Loc Troi Group, a leading provider of agricultural services and products in Vietnam, has so far got orders to export 400,000 tonnes of rice to the European Union (EU) market in 2023, according to a representative of the company.
There is still a lot of room for Vietnamese goods to expand their presence in the European Union (EU) market, but accessing its retail distribution systems is extremely important, heard a seminar in Ho Chi Minh City on August 11.
Vietnam is gaining a stronger foothold in the EU market, though the COVID-19 wreaked havocs on both sides, after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020.
Export revenue from the EU market reached 22.5 billion USD in the first seven months of 2021, a year on year rise of 15.5 percent, reported the Ministry of Industry and Trade.
The authorities of the northern province of Vinh Phuc are implementing a series of measures to help local enterprises fully tap the opportunities brought about by the EU-Vietnam Free Trade Agreement (EVFTA), which took effect in August 1.
Vietnam's seafood exports to the European Union (EU) market this year is forecast to decrease by 20 percent compared to last year, reaching only over 1 billion USD, heard a workshop held in the Mekong Delta city of Can Tho on October 16.
With the European Union – Vietnam Free Trade Agreement (EVFTA), the EU will completely liberalise trade in broken rice, and will reduce the tax rate to zero percent for Vietnamese rice products after three to five years. This is a great opportunity for Vietnamese rice to compete in the EU market.
Having recognised the advantages for exports created by the EU-Vietnam Free Trade Agreement (EVFTA), Hanoi has designed a number of measures to make full use of the opportunities it brings about.
The EU-Vietnam Free Trade Agreement (EVFTA) officially came into effect on August 1. It is the first FTA the EU has signed with a developing country in the Asia-Pacific region. The level of commitment Vietnam has made is the highest of any such agreement it has signed.