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One year after the EVFTA came into effect, bilateral trade and investment relations have seen positive results despite the obstacles caused by COVID-19.

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The EVFTA has created a favourable corridor for trade between the two sides and brought new impetus to economic cooperation between Vietnam and the EU

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Since the EU - Vietnam Free Trade Agreement (EVFTA) took effect, the country’s imports from the EU have been rising sharply, with many commodities posting import value of billions of US dollars.

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Nearly 25 Vietnamese enterprises exporting basa fish have withdrawn from the EU market since the beginning of the year.

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Local firms have been urged to focus their efforts on producing high-quality coffee or organic coffee in order to make further inroads in the Northern European market, according to advice given by the Vietnamese Trade Office in Sweden.

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The Việt Nam Association of Seafood Exporters and Producers (VASEP) has said it will be difficult for seafood producers that export to the EU to maintain growth in the second half of this year.

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Son La province held a ceremony on July 21, in Song Ma district, to announce the decision granting certificates of trademark registration for the "Son La longan" and to cut the ribbon to send off the batch of Song Ma-Son La longans to the EU and UK markets for 2021.

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Vietnam called for more investment from Finnish companies in potential fields of hi-tech, telecommunications, renewables, and the environment.

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Minister of Industry and Trade Nguyen Hong Dien and Valdis Dombrovskis, vice president of the European Commission and EU trade commissioner, have co-chaired the opening meeting of the EU-Vietnam Free Trade Agreement (EVFTA)'s Trade Committee.

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Nearly four years of being warned by the European Commission (EC) with a "yellow card" for illegal, unreported and unregulated (IUU) fishing activities have resulted in a sharp decrease of Vietnam's seafood exports into the EU.

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