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European businesses are calling for improved procedures that are more transparent, simpler, and more efficient.
European businesses are calling for improved procedures that are more transparent, simpler, and more efficient, such as the implementation of electronic registration mechanisms and allowing businesses to self-certify the origin of goods.
According to the European Chamber of Commerce in Viet Nam (EuroCham), one of the biggest challenges in implementing the EVFTA is the rules of origin – a key factor for businesses to access tariff preferences. Currently, the majority of Viet Nam's key export items still depend significantly on raw materials imported from third countries. Although the EVFTA has a cumulation mechanism allowing for the calculation of origin from several partner countries, the complex documentation process and fragmented supply chains make it difficult for many businesses to prove valid origin. EuroCham also recommends that each business proactively research the rules of origin of each market, maintain complete records, and only use official sources of information to avoid risks.
In 2024 alone, Viet Nam issued over 1.8 million preferential Certificates of Origin (C/O), equivalent to an export value exceeding US$100 billion. Compared to 2023, this figure increased by 18% in volume and 28% in value, accounting for approximately 28% of total export turnover to markets with FTA agreements. Notably, exports to the EU in the same year reached an all-time high of US$51.7 billion, an 18.4% increase year-on-year, clearly reflecting the trend of effectively utilizing the EVFTA in bilateral trade.
From May 2025, Viet Nam has centralized the Certificate of Origin (C/O) issuance process and is aiming to build a national digital platform to further promote trade flows. While some businesses have received C/Os in less than 24 hours, many others still have to wait more than a week, causing bottlenecks in capital flow and delays in delivery.
Source: VTV
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