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Việt Nam's export turnover of Vietnamese goods to the 27 EU member countries has skyrocketed after eight months of implementing the EU - Việt Nam Free Trade Agreement (EVFTA), reaching nearly US$4.8 billion.

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The Vietnam – EU free trade agreement (EVFTA) is considered an important push for the connection of businesses and exported goods to the EU market.

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In the first quarter of 2021, exports of goods to many markets participating in FTAs such as the EU-Vietnam FTA (EVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the UK-Vietnam FTA (UKVFTA) have recorded a sharp increase, facilitating exports in the future.

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According to the departments of Industry and Trade of provinces in the Mekong Delta, shrimp exports have improved and posted robust growth in the European market.

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On 8 June 2020, Vietnam’s National Assembly ratified the EU-Vietnam Free Trade Agreement (EVFTA) and Investment Protection Agreement (EVIPA) following almost 10 years of negotiations. On 12 February 2020, the European Parliament gave it consent to the ratification of the EVFTA and EVIPA.

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Impressive figures on export growth to the EU market show that Vietnamese enterprises have initially approached and take advantage of opportunities arising from the EU-Vietnam Free Trade Agreement (EVFTA).

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The German state of Bremen can serve as an important gateway for Vietnamese businesses to penetrate into the German market and the EU in general, a workshop in Ho Chi Minh City on March 31 heard.

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Since it took effect, the Vietnam-EU Free Trade Agreement (EVFTA) has had a significant impact on boosting Vietnam's exports to the EU. Notably, thanks to the EVFTA, Vietnam's agricultural products are expected to have more "leverage" to penetrate deeper into the market of Northern European countries

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A cooperation programme to help businesses to optimise advantages from the EU-Vietnam Free Trade Agreement (EVFTA) through the Vietnam-EU e-commerce platform made debut in Hanoi on March 26.

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The nation has risen to become Germany's largest trading partner in ASEAN and its fifth throughout Asia, while Germany remains the country’s largest trading partner in the EU, with bilateral turnover reaching over EUR13 billion last year.

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