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Minister of Industry and Trade Nguyen Hong Dien and EU Commissioner for Agriculture Janusz Wojciechowski have affirmed the need to step up economic and trade ties, especially amid complicated market uncertainties making it urgent to guarantee sustainable supply chains and food security.

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Vietnam stands ready to cooperate with the EU in various fields, especially in building a global food system amid growing uncertainties.

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Việt Nam has set a target that the export value of agricultural, forestry and fishery products to the EU market will reach US$5-5.5 billion by 2025.

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According to Vietnam Association of Seafood Exporters and Producers (VASEP), demand in the EU recovered after the pandemic, although the inflation of foods was high. Despite difficulties like high sea freight rates and container costs, Vietnamese enterprises take this advantage to promote exports to this market.

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Vietnam has many more opportunities to increase export of fruits and vegetables to the European Union - the world's largest market, thanks to tariff incentives brought by the EU-Vietnam Free Trade Agreement (EVFTA), according to analysts.

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EU Commissioner for Agriculture Janusz Wojciechowski share their hope that, during the upcoming visit to Vietnam, the two side will discuss specific measures to promote substantive agricultural cooperation between Vietnam and the EU.

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Vietnam’s export value to the European Union (EU) grew further in the first five months of this year, with a trade surplus of 13.4 billion USD, up nearly 47 percent, thanks to their bilateral free trade agreement.

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Enterprises should prioritise investment in developing value-added cashew products to avoid losing its market share instead of only focusing on wholesale, according to experts.

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To access and expand in the European market, textile and garment enterprises must stay active in ensuring commodity sources and optimise preferences from the Europe-Vietnam Free Trade Agreement (EVFTA) in order to engage in the supply chain, according to industry insiders.

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The EU-Vietnam Free Trade Agreement (EVFTA) has opened up unprecedented opportunities for Vietnamese rice. Thanks to the preferential tariffs, the exports of fragrant rice and high-quality rice to the European market (EU) is highly appreciated and gives positive results.

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