Vietnam exported 7,420 tons of coffee worth US$18.77 million to the Netherlands in the first two months of the year, up 93.1 percent in volume and 105.7 percent in value year on year, according to the General Department of Vietnam Customs.
The EU-Vietnam Free Trade Agreement (EVFTA) has had a positive impact on Vietnamese enterprises and exports in the last two years since it came into force. However, the market share of Vietnamese products in Europe is still rather modest.
Oxfam and the Vietnam Chamber of Trade and Industry (VCCI), on the morning of May 6 in Hanoi, jointly organized a seminar to kick off the project of strengthening export capacity for small and medium-sized enterprises in the sector of Vietnamese spices and vegetables.
Vietnamese trade counselors in Europe affirmed that Vietnam's exports merely accounted for 2 percent of the European import market share at a meeting on trade promotion to the European market held by the Ministry of Industry and Trade (MoIT) on November 25.
After the EU-Vietnam Free Trade Agreement (EVFTA) has become effective for three weeks, many enterprises have actively switched the source of imported raw materials to ensure the rules of origin to make the most of preferential tax rates.
Vietnam's steel products are facing the risk that the export market will be narrowed due to several trade-remedy investigations and the imposition of anti-dumping duties. Facing that fact, many steel producers are making efforts to improve product quality to change the direction and promote exports to the European market.
In the past six months, due to the impacts of the Covid-19 pandemic, export turnover of many key commodities has declined, and enterprises have encountered several difficulties. Ministries and provinces have implemented many solutions to find out the market for products, especially, they have adopted the application of electronic transactions into operation to reduce the risk of interrupting commercial transactions for enterprises.
Europe is a market of 500 million people, with great potential for development, but Vietnam's annual textile and apparel export turnover to this market is merely over US$8 billion. In just over 10 days, the Vietnam - EU Free Trade Agreement (EVFTA) will officially take effect, whether textile and apparel enterprises can take advantage of this great opportunity?
The European Parliament has ratified the Vietnam - EU Free Trade Agreement (EVFTA) and the Vietnam - EU Investment Protection Agreement (EVIPA). How will Vietnam’s import-export industry move, and what do enterprises need to do to get good results?