Vietnam made up the 12th largest non-bloc supplier of rubber to the EU during the first half of the year with 33,640 tonnes worth US$51.56 million, according to the European Statistics Agency.

The VN-EU Free Trade Agreement (EVFTA) has been a milestone during the 30-year relationship between the Southeast Asian country and the European Union, ushering in a new era of bilateral cooperation and development.

The Ministry of Agriculture and Rural Development this morning informed the country’s total import-export turnover of agricultural, forestry and fishery products in the first eight months of the year.

The European Union (EU) delegation in Vietnam will provide a grant of 142 million euro to support the country’s sustainable energy transition and its goal of achieving net-zero emissions by 2050.

Coffee prices are soaring in the domestic market. However, producers and exporters are worried as the EU has adopted the EU Deforestation Regulation (EUDR) which may affects Vietnam’s exports to the market.

The European Union (EU) has decided to extend tariffs and quotas on various types of steel imports from Vietnam until the end of June 2024.

Though the EU-Vietnam Free Trade Agreement will remove import tariffs for many export items into the EU, costs for access to this market are set to increase in addition to strict rules of origin.

This incentive would ensure a sustainable future for Vietnam’s economy toward net-zero emissions by 2050.

Precisely 36% of European firms ranked Vietnam either first, within their top three, or among their top five investment destinations on a global scale, according to the latest Business Climate Index (BCI) report.

The European Commission (EC) has recommended removing Vietnamese rice noodle and vermicelli brands from conditions that require health certificates and 20 per cent random testing at the port of entry.

The European Union is considering loosening control conditions for instant noodles imported from Vietnam following its improvements in enhancing import product quality.

Vietnam, one of the EU’s main importer of forestry-based products is facing great challenges in adapting to these new policies from the EU.

According to the World Bank Group, Vietnam is seen as a potential major player in the sector because of its strong winds in shallow waters near coastal, densely populated areas.

The EU Green Deal is a set of policies that includes new measures and efforts to transform the EU’s economy for a sustainable future.

Chairman of the National Assembly Vuong Dinh Hue had a working session with a delegation of the EU-ASEAN Business Council and EuroCham, with representatives from nearly 50 businesses and groups, in Hanoi on February 14.

Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union.

In the latest survey by the European Chamber of Commerce in Vietnam (EuroCham), 41 per cent of respondents stated their company was shifting operations from China to Vietnam, up from 13 per cent in the third quarter.

The EC acknowledges Vietnam's efforts to limit IUU fishing, and over the next six months will continue evaluating IUU guidelines in the country.

European enterprises are focusing more and more on green investments to tap into fresh opportunities from Vietnam’s actions to achieve net zero by 2050, but they need legal improvements and incentives to facilitate their plans.