The Ministry of Industry and Trade (MoIT) has submitted a draft circular on 'Vietnamese products and goods' and 'products and goods made in Việt Nam'.
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The EU-Vietnam Free Trade Agreement (EVFTA) has opened up a wealth of opportunities for companies on both sides looking to profit from an already thriving trading partnership, particularly in the agri-food sector.
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Việt Nam is continuing its institutional reform commitments made in the historic EU-Việt Nam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.
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As many as 56 per cent of EU businesses have plans to expand operations in ASEAN, a slight decrease from 61 per cent in 2019, according to the sixth Business Sentiment Survey published on October 8 by the EU-ASEAN Business Council, the primary business body for European businesses in ASEAN.
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Technological innovations and administrative reforms are key to boosting productivity for small and medium – sized enterprises (SMEs), which is critical to accelerating post-pandemic recovery.
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Vietnam stands out as the only ASEAN economy to achieve positive growth in 2020 and rebound to an 8.1 percent growth rate in 2021 – the highest in Asia, the Hong Kong Shanghai Banking Corporation (HSBC) said in a recent report.
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As of September, 31.8 million above-15-year-old labourers in Việt Nam were negatively affected by the COVID-19 pandemic with either job losses, reduced working hours and income or rotational leave, according to the country’s statistics bureau on Tuesday.
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Vietnam and the United Kingdom are speeding up negotiations on a new-generation free trade agreement between the two sides, which is expected to be completed at the end of this year.
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Since the EU-Vietnam Free Trade Agreement took effect on August 1, the authorised organizations have issued more than 15,000 sets of certificates of origin with a turnover of $700 million to 28 EU countries, according to the latest report by the Ministry of Industry and Trade.
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The General Department of Vietnam Customs sent a document to provincial customs departments to implement Decree No.111/2020/NĐ-CP of the Government dated September 18, 2020 promulgating on the Preferential Export Tariff and Special Preferential Import Tariff of Vietnam for the implementation of the free trade agreement between Vietnam and the European Union (EVFTA) in the 2020 – 2022 period which took effect from September 18.
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