Enterprises operating in the Mekong Delta province of Long An received updates on the EU-Vietnam Free Trade Agreement (EVFTA) and international economic integration in general at a conference hosted by the provincial People’s Committee on October 9.
The EU-Vietnam Free Trade Agreement took effect on August 1, 2020 (Photo: VNA)
Long An (VNA) - Enterprises operating in the Mekong Delta province of Long An receivedupdates on the EU-Vietnam Free Trade Agreement (EVFTA) and internationaleconomic integration in general at a conference hosted by the provincialPeople’s Committee on October 9.
Ngo Chung Khanh, deputy head of the Ministryof Industry and Trade (MoIT)’s Multilateral Trade Policy Department, briefed thosein attendance on the policies and views of the Party and the State oninternational economic integration as well as instructions for implementing keycontents of new-generation FTAs, including the EVFTA and the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP).
Addressing the event, Vice Chairman of the provincial People’s Committee NguyenVan Ut highlighted the significance of the signing of the EVFTA, saying that itcontributes to accelerating economic restructuring, changing growth models, andcreating favourable conditions for businesses to join newly-formed value chainsin partnerships between Vietnam and other countries worldwide.
The deal also opens up more opportunities for Vietnamese businesses in generaland those in Long An in particular to expand export markets./.
Turnover of Vietnamese tuna exported to the EU has increased in the double digits since the EU-Vietnam Free Trade Agreement (EVFTA) took effect at the beginning of August.
Shipments of Vietnamese fishery products to the EU in August, the first month the EU-Vietnam Free Trade Agreement took effect, increased by around 10 percent over July, demonstrating the positive effect of the deal.
A shortage of raw materials remained an obstacle that needed to be removed if Vietnamese textiles and garment enterprises want to seize export opportunities in the European Union (EU) under the EU-Vietnam Free Trade Agreement (EVFTA), according to experts.
The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will generate many opportunities for firms in Ca Mau, especially those operating in the areas of the Mekong Delta province’s strength like agro-forestry-fishery, heard a conference held in the locality on October 8.
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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.
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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.
The EU-Vietnam Free Trade Agreement took effect on August 1, 2020 (Photo: VNA) 
