Optimising quality of logistics services is a requisite measures to boost Vietnam-EU trade amidst the COVID-19 pandemic, experts said at the online business matching forum held on December 9.

According to the Minister of Industry and Trade Tran Tuan Anh, the participation in many new generation FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam-EU FTA (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP) will create more development opportunities for the logistics industry

The EU and ASEAN represent more than 1 billion people and 25 per cent of global economic power

Issuing date: 26/11/2020 Issuing authority: Ministry of Industry and Trade

Vietnam is continuing to feel the economic impact of Covid-19 – as is every country around the world. Since August, however, the country has been boosted by the signing of a free trade deal with the European Union (EU).

Vietnamese exporters should further exploit the 28-member European Union to increase their market share in the promising region, Vietnam Trade Counsellor in Germany Bui Vuong Anh has said.

Vietnam and the United Kingdom, which have been in a strategic partnership since 2010, are expected to strike a free trade agreement soon. Vietnam’s Prime Minister Nguyen Xuan Phuc expressed hope for an agreement

Plenty of local firms have weathered the COVID-19 crisis by selecting niche markets and diversify products to enhance their competitiveness and gain access to the EU market.

According to the Department of Crop Production, the EU's total demand for imported rice is 2.3 million tons per year, with a value of 1.4 billion euros in 2019.

With the tariffs being slashed to 0% under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnamese coffee exports to the Scandinavian market, including Sweden, Denmark, and Norway