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Despite the difficulties caused by the COVID-19 pandemic, the two-way trade turnover between Việt Nam and the European Union (EU) in the first ten months continued to grow.

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The import demand of the market has also begun to increase rapidly because of the control of the COVID-19 pandemic.

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After more than a year implementing EVFTA, the competitiveness and market share of Vietnamese goods in the EU market have both improved remarkably.

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Vietnam and Spain are standing a good chance to further develop ties, given that the EU-Vietnam Free Trade Agreement (EVFTA) took effect from August and the EU-Vietnam Investment Protection Agreement (EVPIA) has already ratified by Vietnam and is pending ratification in the EU, Vietnamese Ambassador to Spain Hoang Xuan Hai has said.

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France presented positive assessments of the Vietnamese Government leader’s visit as well as the prospects for cooperation between the two countries.

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In addition to contributing significantly to Vietnam's export growth to the EU market, the EU-Vietnam Free Trade Agreement (EVFTA) is also considered an important factor creating a rebound for bilateral trade relations after the Covid-19 pandemic, especially when the EU economy is forecasted to recover strongly in the first half of 2022.

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The EU-Việt Nam Free Trade Agreement (EVFTA) will open up many opportunities for Vietnamese businesses to attract investment capital and expand export markets in the post-COVID-19 period.

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FDI)is to continue flowing into Việt Nam from Europe in the medium to long-term thanks to the EVIPA, which was ratified in August last year.

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Given the Covid-19 epidemic, the EU-Vietnam Free Trade Agreement (EVFTA), which entered into force in August 2020, has helped to boost two-way trade and buffer the impact of the economic downturn, according to an article posted on October 13 by The Business Times of Singapore.

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Given the COVID-19 epidemic, the EU-Vietnam Free Trade Agreement (EVFTA), which entered into force in August 2020, has helped to boost two-way trade and buffer the impact of the economic downturn, according to an article posted on October 13 by The Business Times of Singapore.

More