A seminar was held by the Vietnam Trade and Industry Review in Hanoi on October 6 to discuss how to connect with the EU firms and make the best use of the EU-Vietnam Free Trade Agreement (EVFTA).
Apparel is one of the sectors that benefits most from EVFTA (Photo: VNA)
Hanoi(VNA) – A seminar was held by the Vietnam Trade and Industry Review in Hanoi onOctober 6 to disc♏uss how to connect with the EU firms and make the best use ofthe EU-Vietnam Free Trade Agreement (EVFTA).
Speaking at the event, Chairman of the Board of Directors of Phuc Sinh Group Phan MinhThong said the EVFTA, which took effect three years ago, has created numerousopportunities. Accordingly, non-EU companies investing in Vietnam couldtake advantage of the reduced tariffs when exporting from Vietnam to Europe. Many coffee factories have been established by not only Europeaninvestors but also those from Singapore, the US, and other Asian nations likeIndia. These investments aim to produce "Made in Vietnam" productsfor export to Europe and benefit significantly from the reduced tariffsprovided by the agreement, he said. Ngo Chung Khanh, deputy head of the Multilateral TradePolicy Department at the Ministry of Industry and Trade (MoIT), highlighted theimportance of connecting Vietnamese firms with foreign partners - a significanttask outlined in the Government's plan to carry out new-generation FTAs. Thistask is also reflected in the plans of various ministries, sector andlocalities. He said on October 12, the MoIT will chair a conference involvingleaders of the departments of industry and trade nationwide to review connectionsbetween domestic enterprises and foreign partners and EU businesses inparticular. This will enable localities to learn from each other's experience and best practices. According to him, leveraging European resources, raw materials,and technology to produce higher-quality goods and joining more deeply in theglobal supply chain is a significant expectation of the Vietnamese firms as theEVFTA enters a new phase of implementation. Achieving this requirescollaboration from the State management agencies, industry associations, and especiallyappropriate support mechanisms, policies, and activities. Khanh said businesses need to take a more proactive role inimproving their competitiveness, actively seeking partners and seizing opportunitiesto cooperate with the European firms. By doing so, they could make moreeffective use of the opportunities presented by the EVFTA./.
The European Union – Vietnam Free Trade Agreement (EVFTA) which took effect in August 2020, has created significant positive impacts on Vietnam's exports to France, according to Vu Anh Son, head of the Trade Office of Vietnam in France.
The EU-Vietnam Free Trade Agreement (EVFTA), which has been effective for three years, has generated positive results, reflected by a record in the trade between Vietnam and the EU, including Germany, according to Dr. Daniel Müller, Regional Manager for ASEAN at the German Asia-Pacific Business Association.
Marko Walde, Chief Representative of the Delegation of the German Industry and Commerce in Vietnam, Myanmar, Cambodia and Laos, has suggested Vietnamese businesses to utilise the support of competent agencies, international trade promotion agencies and associations in order to further penetrate into the demanding EU market.
To secure sustainable export to the EU, Vietnamese enterprises must adopt green production and apply high technology to meet the EU’s strict technical and environmental standards, heard a seminar held in Hanoi on September 19.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Apparel is one of the sectors that benefits most from EVFTA (Photo: VNA) 
