Vietnam supports the Federation of the European Sporting Goods Industry (FESI) to develop its production system of footwear and sporting goods in the country.

A seminar on how to fully tap the benefits of imports and investment from the EU – Vietnam Free Trade Agreement (EVFTA) was held by the Cong Thuong (Industry and Trade) Magazine on December 6.

The free trade agreement index (FTA Index) was expected to create an impetus for localities to create a favourable environment for enterprises and enable them to take advantage of free trade deals.

The EU-Vietnam Free Trade Agreement (EVFTA) contributes to attracting European businesses and financiers to Vietnam, thereby expanding investment and business ties while creating a wealth of opportunities for local firms to step up co-operation and absorb technology transfer.

Under the Vietnam Chamber of Commerce and Industry (VCCI), with the momentum from the Free Trade Agreement between Vietnam and the European Union (EVFTA), Vietnamese businesses will not only have opportunities in the EU but will also spread to other developed markets.

The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.

Advantages brought about by free trade agreements (FTAs) such as EVFTA and CPTPP would gradually disappear if Vietnamese exporters do not act quickly to make the most of these advantages right now.

Prime Minister Pham Minh Chinh reaffirmed that the Vietnam’s economy would exceed expectations this year with an increase in GDP of 8 percent, in a speech at the National Assembly last month.

Insiders discussed ways to expand the export of locally-branded products to member markets of the European Union – Vietnam Free Trade Agreement (EVFTA), at a seminar held by Cong Thuong (Industry and Trade) Magazine on November 25 in Hanoi.

It is forecasted that an additional 146,000 jobs will be made for 2022-2025, thanks to the EU-Viet Nam Free Trade Agreement (EVFTA) implementation.