EU market

Update news EU market

Vietnam promotes rice brand to gain firm foothold in European market

Vietnamese rice has recently secured a firm foothold within the European market by boosting its own brand, thereby creating fresh momentum for new breakthroughs to occur this year.

EU is third largest consumer of Vietnamese fruits, vegetables

The export turnover of Vietnamese fruits and vegetables to the European Union has increased considerably over recent years, from US$200 million in 2022 to US$399 million in 2023, making the EU the third largest consumer of the Vietnamese products.

Vietnam exports nearly 104,000 tonnes of rice to EU market

Vietnam shipped nearly 104,000 tonnes of rice to the EU market worth US$71.7 million last year, exceeding the quota of 80,000 tonnes per year under the EU-Vietnam Free Trade Agreement.

Non-tariff barriers raise issues for improving competitiveness, compliance

Entering the market is already difficult, but maintaining market share can be even more difficult.

Vietnam's largest spices exporter receives investment from EU

Phuc Sinh JSC has announced that the company successfully sold shares to an investment fund from Europe with an undisclosed amount.

Vietnam's exports to EU, US see sharp downturn in 2023

Vietnam's exports to the EU and the US in 2023 were estimated to reach around 166 billion USD, a 9.6% decrease while imports were estimated at nearly 41 billion USD, a 9.1% drop in comparison to 2022.

Vietnam enjoys trade surplus of 125 billion USD with European, American markets

Vietnam’s total trade with European and American markets is estimated to decrease by 9.5% year-on-year to around 208 billion USD in 2023, but the country still enjoys a trade surplus of 125 billion USD.

VN’s fleet struggling with EU’s new environmental laws

VN's fleet is grappling with significant challenges in adapting to these global environmental shifts, said industry insiders and experts.

Carbon tax poses new challenge for VN to boost exports to EU

The EU-Vietnam Free Trade Agreement (EVFTA) is an agreement inclined towards sustainable development. The EU’s CBAM (Carbon Border Adjustment Mechanism) has posed a new challenge for Vietnam’s exports to enter the EU market.

Green transition holds the key to the EU market

The EU-Vietnam Free Trade Agreement (EVFTA) includes a chapter dedicated to sustainable development that covers not only environmental but also labor-related issues, said an official of the Ministry of Industry and Trade.

Vietnam tops ASEAN countries in exports to Europe: official

Vietnam maintains its leading position among ASEAN in exporting goods to the EU market. It has entered the list of the 30 largest export economies in the world.

VN coffee industry urged to get ready for EU’s deforestation regulation

The coffee industry should step up the digitalisation of the value chain to get ready for the European Union (EU)’s Deforestation Regulation (EUDR) to maintain and expand exports to this bloc, according to the Việt Nam Trade Office in Belgium.

VN coffee industry striving to adapt to EU’s anti-deforestation law

Vietnam’s coffee industry needs to take measures to adapt to a new European Union (EU) law that prevents the import of commodities linked to deforestation.

Vietnamese workers to improve capacity to better access European labour market

Students at vocational schools have strong professional knowledge, but are quite weak in foreign languages.

EU increases tariff rate quota for steel imports

The European Union (EU) has decided to continue to increase its tariff rate quotas (TRQ) for steel imports from July 1 until the end of June 2024.

Vietnamese noodles exempt from EU residue testing, subject to border controls

Vietnamese instant noodles exported to the EU will no longer require residue testing for ethylene oxide, but will still undergo 20 per cent border controls, according to the European Union.

Vietnam must step up carbon reduction to enter EU markets

Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy, said industry insiders and policymakers.

Many Vietnamese spices removed from EU's control list

A number of herbs and spices imported by the European Union (EU) from Vietnam will face fewer checks when entering the bloc.

Devaluation of EUR to have short-term effect on exporters to Europe

In the short term, the recent devaluation of the euro will affect a number of exporters to EU markets with contracts paid in the currency, according to Tran Thanh Hai, deputy director of the Import-Export Department.

Farm exports to EU must follow food hygiene requirements: experts

After one year of EVFTA (EU-Vietnam Free Trade Agreement) implementation, Vietnam’s farm exports to the EU have increased sharply.