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Vietnam is emerging as a promising trade and investment destination for the business community in Italy’s Sicily region, as heard at a forum aimed at connecting Vietnam and Sicily held on July 14-16.

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The Quyet Thang co-operative will be the first of its kind in the northern province of Hung Yen to ship a batch containing 30 tonnes of fresh longan to Europe, Director of the cooperative Tran Van My has said.

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Despite short-term challenges, European business leaders remain confident in Việt Nam’s long-term prospects.

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Europe is a large market for Vietnamese goods, but businesses need to grasp its quality standards and consumption trends so as to fully capitalise on this market, heard an online workshop held on July 7.

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Over three tonnes of Bac Giang lychees recently passed customs clearance at Frankfurt airport, Germany thanks to a transaction via the Vietnamese e-commerce platform Voso.

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Pangasius exports in the first months of 2021 grew quite well, but exports to the EU market decreased. In the last three years, the value of pangasius exports to the EU has not been able to escape dismal negative growth.

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Vietnam has exported various kinds of tropical fruits to the European Union, but passion fruit and lychees are among items that are much sought after by EU consumers, according to the Import-Export Department under the Ministry of Industry and Trade.

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Iron and steel exports to the European Union (EU) reached 713,000 tonnes in the first five months of this year, up five times year-on-year, reported the General Department of Customs.

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Trade in goods between Vietnam and the European Union (EU) has seen positive growth since the beginning of 2021, despite the impact of the COVID-19 pandemic.

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Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect, Vietnam's leather and footwear exports to the EU market have grown. It is notable this is one of the industries that makes the best use of tariff preferences in the EVFTA by meeting the provisions of the respective rules of origin of goods in the agreement.

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