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Enterprises should prioritise investment in developing value-added cashew products to avoid losing its market share instead of only focusing on wholesale, according to experts.

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To access and expand in the European market, textile and garment enterprises must stay active in ensuring commodity sources and optimise preferences from the Europe-Vietnam Free Trade Agreement (EVFTA) in order to engage in the supply chain, according to industry insiders.

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The EU-Vietnam Free Trade Agreement (EVFTA) has opened up unprecedented opportunities for Vietnamese rice. Thanks to the preferential tariffs, the exports of fragrant rice and high-quality rice to the European market (EU) is highly appreciated and gives positive results.

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Việt Nam has ample opportunities to boost exports of wooden products and furniture to the EU market in the post pandemic period, experts say. Speaking at a seminar organised on Tuesday by the HCM City Investment and Trade Promotion Center (ITPC), its deputy director Nguyễn Tuấn said the EU was among the top 15 importers of wooden furniture, handicrafts and interior and exterior decoration products from Việt Nam

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Cambodia and Vietnam have agreed to ensure the sustainability of the value chain to meet trade demands in accordance with the EU-Vietnam Free Trade Agreement (EVFTA), which came into force in July 2020.

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Vietnam exported 13.1 million tonnes of iron and steel worth US$11.8 billion to the EU last year last year thanks to the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA), up 32.9% in volume and 124.3% in value compared to 2020.

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Two-way trade exchanges between Vietnam and Italy have achieved positive outcomes following the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) in 2020, with bilateral turnover reaching US$5.6 billion in 2021, up 20% compared to 2020.

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The EU-Vietnam Free Trade Agreement (EVFTA) is being effectively utilized by local enterprises amid the export turnover of peppers to the EU market expanding by 92.9% during the opening quarter of the year.

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Việt Nam's rice exports to Europe continued to grow in the first quarter of 2022, thanks to the Europe-Việt Nam free trade agreement (EVFTA), according to the Ministry of Industry and Trade (MoIT).

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Dutch vice minister for foreign economic relations Hanneke Schuiling, during a recent visit to Vietnam, expressed her wish for the approval of the $1-billion Cai Mep Ha logistics centre and deep-sea port. She met Vietnam’s vice minister of industry and trade Dang Hoang An to discuss the bilateral trade and investment agenda and the implementation of the EU-Vietnam Free Trade Agreement (EVFTA).

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