The European Commissioner for Agriculture and Rural Development will lead a high-level trade mission to Southeast Asia, including Vietnam, to explore market opportunities in the region.
Hanoi (VNA) -The European Commissioner for Agriculture and Rural Development will lead a high-level trade mission to Southeast Asia, including Vietnam, to explore market opportunܫities☂ in the region.
Vietnam is the first stop on Commissioner Phil Hogan’s itinerary, with the delegation visiting Hanoi and HCM City from November 2 to 4.
The delegation comprises 41 business executives from food and beverage companies.
According to the EU Delegation to Vietnam, they represent businesses from various countries like Belgium, Bulgaria, Denmark, Finland, France, Greece, Germany, Hungary, Ireland, Italy, the Netherlands, Poland, Portugal, Romania, Spain, and the UK.
They are expected to promote as safe, high-quality and nutritious a range of agricultural and food products like fruits and vegetables, fresh meat, poultry, processed foods, milk and dairy products, and wine and spirits.
They will have a busy itinerary including seminars on the EU-Vietnam Free Trade Agreement and quality food concepts such as Geographical Indications, business opportunities in Vietnam, a networking lunch, visits to local and international retailers, and B2B meetings.
As a rapidly growing ASEAN economy, Vietnam offers substantial potential for EU businesses.
The EU is among Vietnam’s largest trading partners, with bilateral trade reaching 38.4 billion EUR (41.93 billion USD) last year, with the latter enjoying a trade surplus.
The EU was the second largest overseas market for Vietnamese products after the US and Vietnam ranked 21st among the bloc’s trading partners.
The visit comes at an opportune time since the two sides have concluded negotiations for❀ a free trade agreement and expect to sign soon.-VNA
A workshop themed “ EU-Vietnam free trade agreement (EVFTA): New opportunities” took place in Brussels, Belgium on September 14, aiming to propose ways to effectively implement the deal.
Swedish businesses will expand their investment in Vietnam as the EU-Vietnam Free Trade Agreement (EUFTA) enters into force, said Swedish Minister for EU Affairs and Trade Ann Linde.
A delegation of 40 EU businesses will visit Vietnam from November 2-4 to seek investment and business opportunities in agriculture and farm produce trading in the country.
Vietnamese firms must draw up long-term business strategies to exploit opportunities in the European Union (EU), as the EU-Vietnam Free Trade Agreement (EVFTA) will come into force by 2018.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: Internet)
