Europe is a large market for Vietnamese goods, but businesses need to grasp its quality standards and consumption trends so as to fully capitalse on this market.

Minister of Industry and Trade establish a DAG under Article 13.15 of Chapter 13 on Trade and Sustainable Development, the EU-Vietnam Free Trade Agreement.

Vietnam is the sixth largest supplier of wooden furniture to France, but its proportion accounts for only 4.5% of France’s total import value. Therefore, there are huge opportunities for Vietnamese wooden furniture to expand its market share in France.

In the case of a "red card" penalty, the most immediate and direct impact on Vietnamese seafood will be the EC's trade ban. At that time, it is estimated that Vietnam's seafood industry would lose about US$480 million per year if it lost the EU market. Therefore, more efforts must be made to remove the "yellow card".

Without a stronger effort to remove the E.U. “yellow card”, Vietnam’s fishing industry may lose $480 million worth of exports annually.

A virtual consultation session on the export of agricultural and aquatic products to the Netherlands market was jointly held by the Vietnam Trade Promotion Agency and the Vietnam Trade Office in the Netherlands on August 9, with the participation of representatives from Vietnamese agencies and enterprises.

With a large network of Asian food distributors, Germany represents a potential market for Vietnamese products.

Despite being a new generation FTA with high standards and extensive commitments, the EVFTA has brought about fruitful results to many export industries of Vietnam.

Joining in new-generation agreements like the European Union-Vietnam Free Trade Agreements (EVFTA) and the Comprehensive and Progress Agreement for Trans-Pacific Partnership (CPTPP) has brought great economic benefits to Vietnam, according to the Ministry of Industry and Trade (MoIT).

One year after the EVFTA came into effect, bilateral trade and investment relations have seen positive results despite the obstacles caused by COVID-19.