The freshly-signed EU-Vietnam Free Trade Agreement (EVFTA) will help the Vietnamese steel sector expand export markets in Europe, industry insiders said.

The US Department of Commerce (DOC) has announced preliminary rulings on the circumvention inquiries into Vietnamese cold-rolled steel (CRS) and corrosion-resistant steel (CORE) exports made from materials imported from Chinese Taiwan and the Republic of Korea (RoK).

China will host a ministerial conference of the Regional Comprehensive Economic Partnership (RCEP) from Aug. 2 to 3 in Beijing, the Ministry of Commerce (MOC) said Thursday.

With China’s demographic dividend gradually disappearing in recent years, production costs have soared in the world’s second largest economy.

The European Union Vietnam Free Trade Agreement (EVFTA) was signed on June 30 in Hanoi paving the way for its conclusion and increased trade with the EU and Vietnam.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening up many opportunities for Việt Nam’s agricultural products to reach global markets. However, agricultural products are the most vulnerable commodity when it comes to trade disputes.

As a new free trade agreement (FTA) with the deepest integration levels ever, the EU-Vietnam Free Trade Agreement (EVFTA) will be an important impetus to foster Vietnam's exports to the EU. At the same time, the FTA will be a "key" for Vietnamese enterprises to penetrate deeper into one of the largest markets with the most potential in the world. However, unlocking the full benefits and opportunities from this deal is not easy.

The footwear sector has optimised opportunities from free trade agreements (FTAs) that Vietnam has signed to increase exports, according to insiders.

Speaking after the signature over the weekend in Hanoi of the EU-Vietnam Free Trade and Investment Protection Agreements, EuroCommerce Director-General Christian Verschueren commented:

After Vietnam signed a bilateral free trade agreement with the European Union (EU), many Japanese enterprises expressed their optimism about business opportunities that the deal could bring to the Southeast Asian market.