EVFTA brings myriad opportunities for Vietnam exporters: official
The EU-Vietnam Free Trade Agreement (EVFTA), two months after taking effect, has brought back several opportunities for Vietnamese exporters, said Deputy Minister of Industry and Trade Tran Quoc Khanh at a conference held in Ho Chi Minh City on October 17.
HCM City (VNA) – The EU-Vietnam Free TradeAgreement (EVFTA), two months after taking effect, has brought back several opportunitiesfor Vietnamese exporters, said Deputy Minister of Industry and Trade Tran QuocKhanh at a conference held in Ho Chi Minh City on October 17.
At the function that reviewed the conduction of the EVFTA’s rulesof origin, Khanh named aquatic goods as the most-benefited product since the beginning.In August and September, the export of fishery products to the EU and UK reeledin about 263 million USD, up 17.1 percent against the same period last year.
Meanwhile, in September, rice exports brought back 1.74million USD, increasing 168 percent from August.
As heard at the event, authorised organisations have so far issuedclose to 15,000 certificates of origin (EUR.1 movement certificate) for exportedproducts worth nearly 700 million USD. Most of these goods, including footwear,fishery, plastic, coffee, and garment-textile products, have been shipped to EU’scountries like Belgium, Germany, the Netherlands, and French.
Khanh said the export growth means Vietnam has made a gooduse of tariff incentives to expand export markets.
However, despite preferential tariff, the penetration of theEU market still face difficulties and Vietnamese enterprises need to meet aseries of non-tariff barriers from the bloc, including rules of origin.
According to Nguyen Cam Trang, deputy head of the Ministryof Industry and Trade’s Import-Export Department, in addition to the assessmentof the conduction of the EVFTA’s rules of origin, related agencies andlocalities have also worked to spread information on policies targeting exportsto the EU, and promptly clear questions on the rules from associations andexporters./.
The HCM City Customs Department has been implementing a number of measures to help the local business community optimise the benefits to be had from the EU-Vietnam Free Trade Agreement (EVFTA) and boost import-export activities.
Vietnam is continuing its institutional reform commitments made in the historic EU-Vietnam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.
Vietnam earned an estimated 711 million USD from exporting agricultural products to the European Union (EU) in August and September, according to the Ministry of Agriculture and Rural Development.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Illustrative photo (Source: VNA) 
