European experts, while attending a meeting in Brussels on August 18, agreed that the Vietnamese economy has witnessed spectacular developments in all fields, especially in trade, in recent times.

More than 300 Vietnamese pangasius exporters have made efforts to expand the market, especially in the EU, with export turnover growing positively thanks to good prices.

Due to many factors affecting and inhibiting the growth of Vietnam's tuna exports to the EU market, the export turnover of this item is decreasing sharply. Enterprises have turned to export, making up for the shortfall from this market.

Pangasius exports to the EU market are forecast to reach over US$200 million in 2022, up 90 per cent compared to 2021, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

With many similarities, the UK- Việt Nam Free Trade Agreement (UKVFTA) could be called a direct copy of the EU- Việt Nam Free Trade Agreement (EVFTA).

Approaching the retail distribution system is an important way to expand exports to the European Union market, where Vietnamese goods still have significant room for growth provided by the EU – Việt Nam Free Trade Agreement (EVFTA).

Vietnamese enterprises have been diversely capitalising on the EU - Vietnam Free Trade Agreement (EVFTA) to boost shipments to the EU, an official from the Ministry of Industry and Trade (MoIT) told a seminar held in Hanoi on August 8.

Vietnamese Tra (pangasius) fish exports to the EU this year is anticipated to hit over US$200 million by mid-July, with exports of this item to the highly lucrative market likely to reach nearly US$122 million.

The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

In a column originally published in the Vietnam Investment Review’s 1-7 August edition, Eunjung Han, Consultant at Rouse Legal Vietnam and Vice-Chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam, looks at how the implementation of EU-Vietnam Free Trade Agreement (EVFTA) and relevant government policies make impacts on the growth of the local tech market.