The international forum “Connecting the Europrean Tech Business Offer with Vietnam’s Digital Future” was held in Ho Chi Minh City on October 21 to promote digital transformation through technologies, investment, and sustainable partnerships.

The European Commission has imposed anti-dumping duties of 12.1% on hot-rolled steel imports from Vietnam, according to the Ministry of Industry and Trade.

Steel, furniture, and electronics from Vietnam are increasingly targeted in global trade defense measures due to rapid export growth.

The EU is among the world’s top three importers of farm produce, but VN holds only a 2% share-still modest compared to its agricultural production capacity and potential, which indicates vast growth potential in the EU if backed by a proper strategy.

Vietnamese products, particularly home and outdoor décor, handicrafts, fashion, gifts, and lifestyle goods enjoy ample growth potential in the EU market thanks to its strong purchasing power, diverse demand, and high market openness.

Authorities are also looking to strengthen Vietnam’s competitiveness in the global tourism market by streamlining entry procedures, offering preferential policies, enhancing travel experiences and improving air connectivity.

The European Union will not impose tax or non-tax defensive measures on Vietnam after the country signed an international agreement to country-by-country reporting with partner countries and EU member states.

The EU has tightened food safety checks on Vietnam’s exports, issuing 130 warnings in 2024 over pesticide residues and microbial contamination.

Businesses adhering to EU standards will help safeguard their market share and contribute to export growth. Meanwhile, long-term strategies must be developed for consistent compliance with EU regulations.

Prime Minister Pham Minh Chinh on February 20 issued an official dispatch regarding the active and proactive implementation of solutions to promote the circular economy.

Vietnam shipped nearly 51.7 billion USD to the European Union in 2024, marking an 18.5% increase, equivalent to an additional 8.08 billion USD compared to the previous year.