The two years on from the implementation of the EU-Vietnam Free Trade Agreement (EVFTA), many Vietnamese export items have recorded impressive growth in the EU market.

A little talked about circular came into force earlier this month that could pay dividends for pharmaceutical companies in Spain, Poland, Italy and Hungary looking to enter the Vietnamese pharmaceuticals market.

The EU-Vietnam Free Trade Agreement (EVFTA) officially took effect more than two years ago, and bilateral trade has grown considerably ever since.

After 2 years of implementing the EVFTA, Vietnamese goods have made significant progress in the EU market. However, there is still great room for Vietnamese enterprises in this large market.

Vietnamese exporters should make the most of the advantages created by the EU-Vietnam Free Trade Agreement (EVFTA) to help their products gain a firm foothold in the European market.

Vietnam has signed 15 free trade agreements (FTAs) and is negotiating two additional ones. These trade deals, especially the EU-Vietnam Free Trade Agreement (EVFTA), have greatly helped Vietnam’s import-export activities.

The MOU aims to advance EU-Vietnam sustainable development cooperation through comprehensive dialogue, investment coordination, knowledge sharing, and technology transfer.

Although Vietnam is hoping for stunning growth in seafood exports, particularly in the likes of basa fish and shrimp, the nation’s share in the EU market and utilisation of its trade deal with the bloc remain under some pressures.

Vietnam's trade relations with most European markets have experienced positive growth, not only with Germany, the Netherlands and France, but also other markets in northern, central and southern Europe.

Meeting the EU's Sanitary and Phytosanitary Standards (SPS) remains a challenge for Vietnamese food exporters as the country seeks greater integration in the global food supply, said industry experts and policymakers.