Topic: EVFTA

The visit by the Slovenian transport and logistics business delegation presents an opportunity for Vietnamese enterprises to expand cooperation in Southern and Central Europe, as well as explore new routes for transporting goods into the EU market.

The EUVFTA taking effective on August 1, 2020.

Ngày 9/5/2024 là kỷ niệm 74 năm "Ngày châu Âu", đánh dấu sự ra đời, hình thành của Liên minh châu Âu - hình mẫu thành công nhất của hội nhập quốc tế. Trao đổi với VnEconomy, Đại sứ Liên minh châu Âu (EU) tại Việt Nam, Ngài Julien Guerrier, khẳng định vai trò của Việt Nam trong các trụ cột hợp tác của EU với Đông Nam Á, khu vực trọng tâm của thế giới trong thế kỷ tiếp theo.

Vietnam targets gaining high-income status by 2045 and reaching net-zero emissions by 2050.

Prime Minister meets visiting Belgian Senate President Stephanie D’Hose and calls for two-way trade to hit $7 billion in two or three years.

Since the EUVFTA came into effect, goods exported to the EU granted a Vietnamese C/O under EUR. 1 form have accounted for 20 per cent of total exports to the bloc.

Prime Minister holds talks with counterpart during visit to Luxembourg on December 9.

After two years of implementing the EU-Vietnam Free Trade Agreement (EUVFTA), from August 2020 to July 2022, total export turnover from Vietnam to the bloc stood at $83.4 billion, or $41.7 billion a year on average, which is 24 per cent higher than the average in the 2016-2019 period. Many export items have seen impressive growth, such as iron and steel, cameras, and machinery, etc.

Vietnam’s seafood exports to Scandinavia are primarily frozen products and raw or semi-processed materials, while high-value goods are still small in number, meaning exporters cannot take full advantage of tariff incentives offered in the EU-Vietnam Free Trade Agreement (EUVFTA). Moreover, the market is small and with strict regulations, so it is difficult for Vietnam’s seafood to boost turnover without developing suitable value-added products.