Vietnam's fruit and vegetable exports have been facing the opportunity to become a commodity with export turnover of 10 billion USD as a series of fruits continue to open their markets.

The EU move was made after Vietnamese fruits failed to comply with the maximum residue limit (MRL) of pesticides.

There is a huge potential to produce electricity here not only for the needs of Việt Nam but also for the needs of surrounding countries in Southeast Asia, said EU Ambassador Julien Guerrier.

Vietnam's rubber sector in general, and processing and export enterprises in particular have taken actions to comply with the EU’s Deforestation Regulation (EUDR) in order to avoid any impact on rubber exports to the EU market.

Vietnam currently is the third largest seafood exporter in the world. The European Union (EU) always demands abundant resources due to the average consumption of around 22 kilograms of seafood per capita.

Bangladesh could face a potential 20% decline in exports to the European Union if it fails to implement timely and effective policies, especially in comparison to its close competitors, said experts and entrepreneurs at a discussion today (27 November).

Since the EU-Việt Nam Free Trade Agreement (EVFTA) came into effect in August 2020, the European Union (EU) has emerged as a leading trade partner for Việt Nam. Vietnamese businesses could unlock significant opportunities from the EVFTA if they know how to capitalise on its benefits.

The Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) on November 18 organised a seminar on promote trade in the European market, focusing on potential for expanding exports to the European market via official channels.

Prime Minister Pham Minh Chinh, at the G20 Summit, called on the European Commission to lift the IUU yellow card and expedite the ratification of the EU-Vietnam Investment Protection Agreement (EVIPA).

Exports of Vietnamese agro-forestry and fishery products and industrial products to the EU in the first seven months increased 10% year-on-year.