Ample room for growth in Vietnamese exports to France
Vietnam remains France’s largest goods supplier in ASEAN and Vietnamese exports still have the opportunity to penetrate further into the European market.
Vietnamese agricultural products sold in France. (Photo: congthuong.vn)
Hanoi (VNA) - Vietnam remains France’s largest goods supplier inASEAN and Vietnamese exports still have the opportunity to penetrate further intothe European market.
The General Department of Vietnam Customs reported that Vietnam exported morethan 308.3 million USD worth of goods to France in January, up 28 percentyear-on-year.
Vietnam also imported 175 million USD worth of goods from the country, ayear-on-year rise of 92 percent, resulting in a trade surplus of 133.3 millionUSD.
The highest gains were seen in means of transport and spare parts,garment-textiles, leather and footwear materials, and rice.
Phones and spare parts was a main driver, with export revenue exceeding 81.6million USD.
France is also the second-largest importer of Vietnamese fruit and vegetables inthe EU, behind the Netherlands, with over 3.5 million USD worth shipped to thecountry in January, up 17 percent year-on-year.
The results are attributable to the EU-Vietnam Free Trade Agreement (EVFTA),which took effect last August.
According to the European-American Market Department at the Ministry ofIndustry and Trade, France has long been one of Vietnam’s major trade partnersin the EU.
It is Vietnam’s fourth-largest importer in the bloc, after the Netherlands,Germany, and Austria.
Vietnam’s exports to the country are expected to bounce back at the end of thisquarter when the pandemic is better contained and lockdowns are lifted in France./.
Over the past 47 years, Vietnam- France relations have developed in all spheres, especially since the countries established a strategic partnership in 2013.
The Vietnam-France Friendship Association in Ho Chi Minh City and the city’s Youth Cultural House co-organised a music festival on June 19 night to mark the 50th anniversary of the Francophonie.
The Ho Chi Minh City Union of Friendship Organisations (HUFO) held a get-together in HCM City on July 13 to celebrate France’s Bastille Day on July 14.
The Vietnam–France Friendship Association, a member of the Vietnam Union of Friendship Organisations (VUFO), celebrated its 65th founding anniversary (July 2, 1955 – 2020) in a Hanoi ceremony on December 19.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Vietnamese agricultural products sold in France. (Photo: congthuong.vn) 
