The historic EU-Vietnam Free Trade Agreement has been in force for nearly two months now.

Enterprises from a number of EU member countries have already made efforts to take full advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and make moves into the Vietnamese market.

The EU-Vietnam Free Trade Agreement is having an impact on the local government procurement market, with transport being among the more attractive sectors to EU businesses.

Meeting quality standards and enjoying preferential tariffs from the new EVFTA, Vietnam’s key farm produce such as rice, fruit, coffee and seafood are rushing to head for the EU market.

With the new EVFTA, more and more Vietnamese rice is being shipped to the EU. Scented rice in particular is being sold at high prices.

A shortage of raw materials remained an obstacle that needed to be removed if Vietnamese textiles and garment enterprises want to seize export opportunities in the European Union under the EU-Vietnam Free Trade Agreement (EVFTA).

The first batch of fragrant rice would be shipped to the EU under the EU-Vietnam Free Trade Agreement (EVFTA) by the end of this month, according to the Ministry of Agriculture and Rural Development.

Shipments of Vietnamese fishery products to the EU in August, the first month the EU-Vietnam Free Trade Agreement took effect, increased by around 10 percent over July, demonstrating the positive effect of the deal.

The country is set to score 102 and 94.6 out of the maximum of 250 in 2020 and 2021, staying behind only the US with its respective scores of 108.9 and 112.5.

The long queues of people standing and waiting for their turn to buy face masks show the great potential of the drug and medical equipment market.

Booth avocado, the specialty of Dak Lak province, is now selling at VND10,000-20,000 per kilogram, and the price of passion fruit has also fallen dramatically.

Nine Vietnamese fragrant rice varieties will enjoy tariff export quotas to Europe under the Europe-Vietnam Free Trade Agreement (EVFTA) agreement.

Competition in Vietnam’s government procurement market is expected to heat up with the involvement of EU contractors, driven by the country’s highest-ever market-opening commitment in this field. 

The EU-Vietnam Free Trade Agreement has created a new driving force for Vietnam’s logistics, but the industry needs to take further action to unlock its full potential.

To expand Vietnam’s wood industry sustainably, its development strategy must not only focus on the policies of importing countries but also domestic priorities.

Businesses are doing their best to manage the challenges and look for some opportunities from free trade agreements and COVID-19.

Amid the Vietnamese government’s efforts in deploying economic diplomatic efforts, the prolonged blow of the health crisis sabotaging import and export activities has prompted enterprises to seek new means

Despite being one of the world’s leading coffee exporting countries, Vietnam has not delved deep into processing to raise the added value of the popular product.

European businesses are preparing to join Vietnamese public procurement on the back of the EU-Vietnam Free Trade Agreement (EVFTA). 

Bolstered by the growing demand in the EU, Vietnam’s coffee industry has a major opportunity to capture a bigger market share on the European continent.