Topic: Exports to the EU post impressive after 2 years of EVFTA

Two-way trade between Vietnam and the EU and Vietnam’s exports saw impressive growth.

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.