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EVFTA: Opportunity for Vietnam-Netherlands trade cooperation  

 Thursday, September 10,2020

AsemconnectVietnam - Benefits generated by the EU-Vietnam Free Trade Agreement (EVFTA) and challenges to Dutch investors in Vietnam are among the topics discussed at a virtual forum on September 9.

The event was jointly held by the Vietnamese Ministry of Industry and Trade (MoIT), and the Confederation of Netherlands Industry and Employers (VNO-NCW).

Deputy Minister of Industry and Trade Hoang Quoc Vuong highlighted the strong developments of the Vietnam-Netherlands trade and investment ties over the past time, and proposed ways to step up the links through optimising advantages of the EVFTA.

Lawyer Joost Vrancken Peeters, Chairman of the Netherlands Vietnam Chamber of Commerce, briefed the participants on the deal and outcomes of an online study on the demand for investment movement and supply diversification of investors from the Netherlands and the EU.

The forum focused on issues regarding production, manufacturing, export-import, logistics, customs, visa and human resources.

According to the MoIT, the Netherlands is one of Vietnam’s two biggest export markets in the EU. Trade between the two countries reached nearly 7.6 billion USD last year, with Vietnam’s exports to the European country hitting 6.9 billion USD and its imports, 661 million USD.

In the first seven months of this year, Vietnam exported more than 3.83 billion USD worth of goods to the Netherlands, up 0.46 percent year-on-year, even in the context that Vietnam’s total export revenue to the EU dropped 5.96 percent in the period./.



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