Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy, said industry insiders and policymakers.
After 2 years of implementing the EU-Vietnam Free Trade Agreement EVFTA (August 2020 - July 2022), total export turnover reached nearly 83.6 billion USD, 24% higher than the average export turnover during the 2016-2019 period.
The first batch of 1 tonne of fresh longan from the northern mountainous province of Hoa Binh has been shipped to the EU. The province aims to export more of the fruit, targeting 50 tonnes this year.
In the short term, the recent devaluation of the euro will affect a number of exporters to EU markets with contracts paid in the currency, according to Tran Thanh Hai, deputy director of the Import-Export Department under the Ministry of Industry and Trade (MoIT).
Vegetable and fruit exports plunged 9.6 percent year-on-year to 508 million USD in the first two months of 2022 due to a sharp decrease in shipments to China, according to the General Department of Vietnam Customs.
Enterprises shipping face masks and protective clothing to members of the EU need to pay due attention to the standards imposed by the EU or its respective members, the Vietnam Trade Office in Belgium has said.
With its strength in tourism and farm produce export, the Mekong Delta province of Ben Tre boast great potential to enjoy benefits from the EU-Vietnam Free Trade Agreement (EVFTA), said Deputy Foreign Minister Bui Thanh Son.
The Vietnam-Bulgaria Trade Promotion and Investment Centre has opened in Hanoi recently, improving conditions for Vietnamese businesses to boost investment and exports to Bulgaria as well as accessing other EU markets.
Lenger Seafoods Vietnam shipped its first container of ngao oyster grown in northern Nam Dinh province to Italy on June 10, ushering in a new opportunity for local breeders.
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