The EU-Vietnam Free Trade Agreement (EVFTA) is likened to a "highway" leading Vietnamese goods, including agricultural products, to the large and potential EU market quickly and effectively. However, to go on that "highway", Vietnam is suggested to prepare a "vehicle" that satisfies the European standards.

Along with tariff incentives brought about by the implementation of the EVFTA, local businesses have been advised to enhance their capacity to join new supply chains as a means of fully tapping into opportunities presented by the trade pact, according to insiders.

With the EU-Vietnam Free Trade Agreement (EVFTA) an important factor in attracting EU investors, it is not the only reason why financiers are interested in the nation, according to Nicolas Audier, chairman of the European Chamber of Commerce in Vietnam (EuroCham), speaking during a recent media interview.

The EU-Vietnam Business Council (EVBC) was jointly launched on October 22 by the Vietnam Chamber of Commerce and Industry (VCCI) and the EU Chamber of Commerce in Vietnam in Hanoi, in light of the EU-Vietnam Free Trade Agreement (EVFTA) taking effect in August.

Exporters are taking advantage of incentives from the EU-Vietnam Free Trade Agreement (EVFTA). However, there remain many issues to be addressed to boost sustainable exports to the EU.

The EU-Vietnam Free Trade Agreement (EVFTA), two months after taking effect, has brought back several opportunities for Vietnamese exporters, said Deputy Minister of Industry and Trade Tran Quoc Khanh at a conference held in Ho Chi Minh City on October 17.

According to the Ministry of Agriculture and Rural Development (MARD), after implementing the EU-Vietnam Free Trade Agreement for two months, the export of agricultural products to the EU has seen positive changes with the total agricultural export value from August 1 to the end of September estimated at US$711 million.

Vietnam is continuing its institutional reform commitments made in the historic EU-Vietnam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.

There remains plenty of room to expand the export of Vietnamese goods to the European Union as the COVID-19 pandemic is brought under control between now and the end of the year, according to Nguyen Trung Tien, deputy general director of the General Statistics Office (GSO).

After nearly two months of the EVFTA, seafood exports strongly increased but there were some problems for seafood enterprises.