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Update news the EU market
The EU, which was once the second biggest seafood export market for Vietnam, consuming 18 percent of Vietnam’s seafood exports, fell to fifth, with 13 percent, after the EU gave Vietnam the yellow card.
VietNamNet Bridge - Vietnamese economists have said that Brexit will have an impact on Vietnam trade, but it will not be significant.
VietNamNet Bridge - Vietnamese seafood exporters are scrambling to buy raw materials to compete with Chinese businesses to fulfill export contracts.
When comparing Vietnam’s commitments within the Vietnam-EU free trade agreement (EVFTA) and the Trans Pacific Partnership (TPP) Agreement, businesses see bigger benefits in EVFTA, especially in government procurement.