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.

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

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

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.

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

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.

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.

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.

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.

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.