Business

Businesses explore cooperation opportunities under EVFTA

Nearly 150 businesses in Hanoi, Binh Phuoc, Ho Chi Minh City and Europe were brought together at an online forum on July 29 to get the latest updates on cooperation opportunities to be presented by the EU-Vietnam Free Trade Agreement (EVFTA).
Businesses explore cooperation opportunities under EVFTA ảnh 1At the online forum (Photo: VNA)

Hanoi (VNA) – Nearly 150 businesses inHanoi, Binh Phuoc, Ho Chi Minh City and Europe were brought together at anonline forum on July 29 to get the latest updates on cooperation opportunitiesto be presented by the EU-Vietnam Free Trade Agreement (EVFTA).

The event was jointly held by Radio The Voice ofVietnam, the Union of Vietnamese Business Associations in Europe, and the StateCommittee on Overseas Vietnamese Affairs.

Sharing difficulties when exporting goods to theEuropean market, Chairwoman of the Binh Phuoc People’s Committee Tran Tue Hiensaid businesses are bearing the brunt of unfavourable weather patterns andabnormal developments of the international market.

EU importers’ policies have regularly changedwith stricter standards about food safety and traceability, especially foragricultural and forestry products, she added.

Chairman of the association of Vietnamesebusinesses in Poland Hoang Xuan Binh said Vietnam mainly exports raw materialsand semi-processed products to the EU. However, Vietnam has experience inimplementing the Eurasian Economic Union (EAEU) Free Trade Agreement, whilee-commerce has become popular in Vietnam and the EU.

Tens of thousands of Vietnamese businesses areactive in Europe, he said, adding that they can serve as a bridge to connectthe two sides.

Most of the panels held that the EVFTA willbring about numerous opportunities for Vietnamese and European enterprises. However,opportunities will go with challenges, so the two sides’ businesses shouldprepare plans to capitalise on the deal’s benefits, according to insiders./.

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