Since its entry into force on August 1, the European Union (EU) – Việt Nam Free Trade Agreement (EVFTA) has brought first successes, reflected by the strong growth of Việt Nam’s exports to the EU in recent months and opened significant opportunities for sustainable development in bilateral trade.

Vietnam and the EU have experienced fruitful cooperation in various sectors over the course of the last three decades, Josep Borrell, High Representative of the EU for Foreign Affairs and Security Policy, said in a message on the occasion of the 30th anniversary of diplomatic relations between the two sides.

The Joint Committee under the Vietnam-EU Comprehensive Partnership and Cooperation Framework Agreement (PCA) held the second meeting in both virtual and face-to-face forms on December 15.

A diversified supply chain and numerous free trade agreements (FTAs) have set the stage for a strong comeback for Vietnam's footwear and textile sector, said experts and industry leaders.

Vietnamese tuna appears ideally placed to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA), with shipments rising 0.5% year-on-year to US$126 million during January-November despite COVID-19.

Vietnam’s trade turnover is expected to hit $540 billion this year, marking a year-on-year increase of $23 billion.

Time: 2020 By: The Vietnam Trade Office in Sweden

A forum to promote trade links between Vietnamese enterprises and partners in Eurasian markets was held in Hanoi on December 10 by the Ministry of Industry and Trade (MoIT)’s European-American Market Department.

Optimising quality of logistics services is a requisite measures to boost Vietnam-EU trade amidst the COVID-19 pandemic, experts said at the online business matching forum held on December 9.

According to the Minister of Industry and Trade Tran Tuan Anh, the participation in many new generation FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam-EU FTA (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP) will create more development opportunities for the logistics industry