Cambodia shipped 327,000 tonnes of rice to 51 countries and territories in the first half of this year, up 16.6% year-on-year, earning 279 million USD, according to the country’s Ministry of Agriculture, Forestry and Fisheries.
The Foreign Ministry's State Committee for Overseas Vietnamese Affairs on June 23 held a virtual meeting to connect the Vietnam Private Business Association (VPBA) and the Vietnam - Europe international business association to the union of Vietnamese business associations in Europe.
An online conference was held in Ho Chi Minh City on May 5 to seek measures and strategies to effectively approach and exploit the promising but choosy European market.
Vietnam remains France’s largest goods supplier in ASEAN and Vietnamese exports still have the opportunity to penetrate further into the European market.
Cambodia exported a total of 690,829 tonnes of milled rice to 60 countries and regions in 2020, a year-on-year increase of 11.4 percent, the country’s Minister of Agriculture, Forestry and Fisheries Veng Sakhon has announced.
The UK-Vietnam Free Trade Agreement (UKVFTA), expected to come into force in the beginning of 2021, is promising several export opportunities to the European market for Vietnamese garment-textile and footwear enterprises.
Vietnamese exporters should further exploit the 28-member European Union to increase their market share in the promising region, Vietnam Trade Counsellor in Germany Bui Vuong Anh has said.
Vietnam’s export revenue racked up a 4 percent year-on-year increase during January – September to 202.4 billion USD in the context that the COVID-19 pandemic has weighed on the international trade, according to the Ministry of Industry and Trade (MoIT).
Quality standards, rules of origin, and legal aspects are said to be among the barriers Vietnamese businesses will have to overcome to gain a foothold in the European market under the EU-Vietnam Free Trade Agreement (EVFTA).
The European market is expected to become a key target of Vietnamese steel exporters when the EU-Vietnam Free Trade Agreement (EVFTA) fully comes into effect, insiders have said.
Many business owners in the southern province of Dong Nai, a major industrial hub in Vietnam, have expressed delight at the National Assembly (NA) ratifying the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA) on June 8.
The European Union – Vietnam Free Trade Agreement (EVFTA) is like an “expressway” connecting Vietnam and Europe that will speed up trade and investment cooperation between the two sides, said experts.
Cambodian rice exports to international markets grew by more than 21 percent in the first two months of this year despite global concerns over the COVID-19 epidemic, according to the country’s Ministry of Agriculture, Forestry and Fisheries.
Cambodia shipped 50,450 tonnes of rice worth 39 million USD to foreign markets in January, a year-on-year decline of 15.39 percent, according to the Cambodia Rice Federation (CRF).
Asia and Europe are important markets for Vietnamese fruits and vegetable exports and imports, and flowers could be next, experts said at a seminar on “Fruit, vegetable and flower exports - New movements in Asian and European markets” in Hanoi on October 24.
Improving quality and diversity of products as well as implementing commitments on food safety and traceability are key to make inroad into the European market, experts said at a forum in Hanoi on September 19.
To penetrate into the European market, businesses should acquire a thorough understanding of regulations on protection and implementation of intellectual property rights.
The export value of Vietnamese vegetables and fruits is estimated at 269 million USD in July, bringing the total turnover in the first seven months of 2019 to 2.31 billion USD, down 0.8 percent year on year.
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