Five products to see stronger export to EU: ministry

Five key exports of Vietnam – seafood, fruit, woodwork, footwear and apparel goods – will have a good chance to boost their growth into the EU market thanks to tariff reduction brought about by the EU – Vietnam Free Trade Agreement (EVFTA), according to the Ministry of Industry and Trade.
Five products to see stronger export to EU: ministry
Five products to see stronger export to EU: ministry ảnh 1Illustrative photo (Photo: VNA)

HCM City (VNA) – Five key exports of Vietnam – seafood,fruit, woodwork, footwear and apparel goods – will have a good chance to boosttheir growth into the EU market thanks to tariff reduction brought about by theEU – Vietnam Free Trade Agreement (EVFTA), according to the Ministry ofIndustry and Trade.

The deal, signed in Hanoi on June 30, is the first the EU hadinked with a developing country in Asia, paving the way for the gradualreduction of up to 99 percent of tariffs between the two sides, as well as forthe opening of the service and public procurement markets.

The ministry recommended exporters who want to expand theirmarket share in the EU comply with regulations set by the bloc, particularlythose on product origin and food safety.

Attention should also be paid to compulsory regulations onsocial responsibility as well as information transparency related to labour andproduction environment, it said.

Meanwhile, exporters of seafood products ought to be carefulin ensuring the principle against illegal, unreported and unregulated (IUU)fishing.

Echoing the view, Chairman of the Vietnam Textile &Apparel Association (VITAS) Vu Duc Giang said in preparation for meeting theFTA’s requirements, since the beginning of 2018, the association has supportedfirms in accessing financial funds to make their production become moreenvironmentally friendly.

However, he also pointed his finger at the short supplies,as over 60 percent of production materials for the garment-textile,leather-footwear, plastic, and food sectors, among others, have to be imported.

In the long-term, the shortage could turn into a hurdle forVietnam to take advantage of tariff policy of the FTAs it has signed.

Vietnam is currently the second biggest ASEAN trade partnerof the EU, which is also one of the key trade partners of the Southeast Asiannation. Bilateral trade reached 55.8 billion USD in 2018.-VNA
VNA

See more

Chanh Thon carpentry village in Nam Tien commune, Phu Xuyen district, Hanoi (Source: nongthonmoihanoi.gov.vn)

Hanoi to develop 254-million-USD industrial cluster

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

A visitor experiences technologies at the event. (Photo: VNA)

Vietnam Beautycare Expo 2025 opens in Hanoi

The Vietnam Beautycare Expo 2025 aims to facilitate trade and business connections between industry professionals, helping visitors seek out suppliers, distribution partners, and retailers in the beauty and personal care sectors.

The Boeing 787-9 Dreamliner with special livery featuring the chim Lac (Photo: VNA)

Vietnam Airlines unveils Lac bird-themed livery on Boeing 787-9 aircraft

Vietnam Airline Deputy General Director Dang Anh Tuan said that the Lac bird embodies the pioneering spirit, the desire to conquer, and the will to continuously rise, adding displaying the symbol on Boeing 787, a pride of the global aviation technology, showcases the airline’s aspirations to connect the tradition and the future while carrying the Vietnamese identity across the world.

Khanh Hoa welcomes return of Russian tourists (Photo: VNA)

New charter flights boost Russian tourism to Khanh Hoa

Flight EO3661 operated by IKAR Airlines landed at Cam Ranh International Airport on April 18, carrying 350 Russian tourists from Novy International Airport in Russia. This marks the first charter flight organised by Pegas Misr Vietnam Travel Co., Ltd. to bring Russian tourists back to Khanh Hoa after a long pause due to the COVID-19 pandemic.

Prime Minister Pham Minh Chinh (right) and Associate Vice-President of IFAD’s Department for Country Operations Donal Brown (Photo: VNA)

PM seeks IFAD’s support for Vietnam’s carbon credit market development

Highlighting the country's commitment to developing green and sustainable agriculture, PM Chinh requested IFAD to increase preferential loans and promote non-refundable aid for projects applying scientific and technological innovations in agriculture, while helping Vietnam successfully carry out the one million hectares of low-emission, high-quality rice project.

At the discussion on "Revitalising and Unleasing Finance Strategy for Global Green Growth". (Photo: VNA)

Green growth – an irreversible global trend: P4G discussions

Ministerial discussions were held on April 17 within the framework of the 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit, bringing together domestic and international officials to address critical aspects of sustainable development and green transition.