As global trade uncertainties rise, the European Union looks to ASEAN for diversification - and Vietnam’s implementation of the EVFTA has emerged as a model for the region.

The EU-Vietnam Free Trade Agreement has fueled trade, investment, and cooperation over five years. But what comes next in this evolving strategic partnership?

Over the past five years, the EU–Vietnam Free Trade Agreement has spurred double-digit export growth, strengthened investment ties, and helped Vietnam secure a stronger foothold in the French and EU markets.

Vietnam’s Trade Counsellor in Germany, Dang Thi Thanh Phuong, has recently shared an overview of the achievements of the EVFTA during a media interview in Berlin, marking five years since the agreement officially took effect in August 2020.

After 5 years of implementation, the EU-VN Free Trade Agreement (EVFTA) has delivered many positive outcomes, including a robust growth of VN's exports to the EU, particularly in key sectors such as textiles, footwear, and agro-fishery products.

Vietnam's exports will continue to enjoy a strong competitive advantage in the Dutch market due to tariff reductions under the EU-Vietnam Free Trade Agreement (EVFTA), according to the Vietnam Trade Office in the Netherlands.