return icon Vietnamnet.vn

Ample room remains for Vietnam’s exports to EU

There is still a lot of room for Vietnamese goods to expand their presence in the European Union (EU) market, but accessing its retail distribution systems is extremely important, heard a seminar in Ho Chi Minh City on August 11.
Ample room remains for Vietnam’s exports to EU hinh anh 1


Speaking at the event, held to support domestic enterprises to connect with EU’s distribution systems, Nguyen Thao Hien, deputy head of the European-American Market Department under the Ministry of Industry and Trade, said the year 2022 is favourable for export and trade promotion activities with the EU partners, as both sides are recovering from the COVID-19 pandemic with great support from the EU-Vietnam Free Trade Agreement (EVFTA).

Two years since the agreement took effect, the EVFTA does not only promote bilateral trade but also provides an advantage for the business communities of both sides in the context of fluctuating markets and the impact of the pandemic, as well as regional and global geopolitical uncertainties.

According to Hien, the ability of businesses to take advantage of incentives from the agreement is also gradually improving after two years.

Statistics from the MoIT showed that the rate of enterprises using preferential certificates of origin under the EVFTA agreement reached 20.7% in the second year compared with 14.8% in the first year.

However, it should be noted that many Vietnamese products still face various difficulties in accessing the EU market because they have not fully met its requirements in terms of technical standards, traceability, environmental and sustainable development issues, she said. 

Trade promotion activities have not been carried out concertedly from production, marketing and market penetration, Hien said.

Nguyen Thi Hoang Thuy, Trade Counsel of Vietnam in Sweden, said room remains for Vietnam’s exports to the EU, especially Northern Europe, as the population there, small as it is, is among the group with the highest average income in the world with an annual import demand of about 400 billion USD.

Vu Anh Son, in charge of the trade office in France, said bringing goods into foreign distribution channels requires businesses to have a long-term orientation and production plan, adding that in addition to complying with regulations and standards of the market, they must also meet the individual requirements of each distributor.

Khiem Nhat Thanh, General Director of T&T Food, an importer for distribution systems in France, said businesses wishing to conquer the EU market should have specific and long-term marketing plans and strategies along with securing qualified products./.
Source: VNA

MORE NEWS

MOET reports teacher shortage, urges recruitment of new staff

Minister of Education and Training Nguyen Kim Son has asked provinces and cities to urgently recruit 27,850 teachers for preschools and general schools to solve the teacher shortage.

Many public servants' salaries not commensurate with assets

Believing that the salaries of many state officials are not commensurate with their assets, voters have asked agencies to examine and supervise asset declarations by officials.

New electricity price system proposed

The Ministry of Industry and Trade (MOIT) is collecting opinions about the new draft electricity prices. For daily household use, there would be five instead of six electricity price levels.

Fixes aim to clear up e-commerce tax

With the fast development of digital commerce in the past few years, an adjusted decree from the Ministry of Finance and a new e-commerce tax portal are expected to facilitate better tax management for e-commerce platforms.

Hanoi sidewalks: More meaningful than just space

Nowhere in the world does the sidewalk offer such bustling social spaces as in Hanoi that contribute in part to Hanoi's culture.

Mum's the one for backpacking fun

Hien Vy, a 36-year-old, is well known in local backpacking groups after recently finishing a 700km tour with her 68-year-old mother.

Village boasts 200 years of fish pot making

Thu Sy village in the Red River Delta province of Hung Yen is famous for its traditional trade of fish pot weaving.

Cafe helps with stray cat adoption in HCM City

Alex Ward and Geneva Marcelino are running cafes that work with local animal rescue shelters to help stray dogs and cats find their new homes.

Vietnam paying more attention to circuit production

Since electronic circuits are being applied in many fields from hi-tech agriculture, smart city infrastructure, to national defense, it is predicted that by 2024, the semiconductor industry in Vietnam will have exceeded the value of US$6.16 billion.

Hanoi looks to develop satellite cities

Hanoi is planning to develop satellite urban areas as part of an effort to widen local space and ease pressure from overcrowding in the inner city.

Film director Tran Van Thuy wins Grand Prize of Bui Xuan Phai Awards

Film director Tran Van Thuy won the Grand Prize of the 15th Bui Xuan Phai – For Love of Hanoi Awards during a ceremony held at the headquarters of the Vietnam News Agency (VNA) in Hanoi on October 6.

Vietnam sends 11 workers to WorldSkills Competition 2022

Eleven Vietnamese workers will participate in the WorldSkills Competition 2022 Special Edition which is being held in Europe and East Asia from September 30 to November 28, according to the Directorate of Vocational Education and Training.

VN underlines respect for territorial integrity in response to Ukraine-Russia conflict

Vietnam closely follows the developments surrounding the Ukraine-Russia conflict, spokesperson for the Ministry of Foreign Affairs Le Thi Thu Hang said during a regular press briefing in Hanoi on October 6.

VIETNAM NEWS HEADLINES OCTOBER 6

HCM City to be next destination of Italian Film Festival 2022

2023 AFF Club Championship schedule, structure announced

The 2023 ASEAN Football Federation (AFF) Club Championship will start on September 27 2023, and end on May 15, 2024, the AFF Competition Committee announced at an online meeting on Monday.
back_to_top