Update news EU
Vietnam is not only an important partner of the EU in the Indo-Pacific region but also a very ambitious partner that has set significant domestic and international goals.
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.
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.