Viet Nam-EU trade up 16.2 per cent in five months
Wednesday, June 14,2017AsemconnectVietnam - Two-way trade between Viet Nam and the European Union (EU) grew 16.2 per cent year-on-year in the first five months of 2017, according to the Ministry of Industry and Trade.
Of the figure, Viet Nam’s exports to the EU rose 4.2 per cent, mostly apparel, footwear, agro-forestry-aquatic products and computers, while its imports from the EU up 14 per cent, including machinery, equipment, pharmaceuticals and dairy products.
The country’s major importers were Germany, the UK, France, Italy, the Netherlands and Spain.
Exporters hope that the EU-Vietnam Free Trade Agreement (EVFTA), which is expected to take effect in 2018, will increase Viet Nam’s exports to the bloc by 50 per cent by 2020.
The ministry said in order to navigate the demanding EU market, domestic firms must overcome technical barriers by meeting strict requirements regarding food safety and hygiene and origin traceability.
First Counsellor of the EU Delegation to Vietnam Miriam Garcia Ferrer said through the EVFTA, the EU could help Viet Nam improve trademark and product quality.
Source: Bizhub.vn
Fertilizer exports fell by 46.6% in turnover in first 2 months of 2023
DAILY: Vietnamese pepper prices remained unchanged on March 29
DAILY: Vietnamese coffee prices fell by 500 VND on March 29
Fruit and vegetable exports surged by 53.1%
Soybean imports decreased in first 2 months of 2023
MoF proposes changes to preferential tax policies
Foreign investment from Asia important to Vietnam: HSBC
CPI increases about 4.2% in first quarter
Reference exchange rate 3 VND
DAILY: Vietnamese coffee prices rose by 400 VND on March 28
Tuna exporters aiming for smaller markets
Vietnam's retail market proves attractive for foreign investors
Main commodity groups exported to Indonesia in 2 months of 2023
Wheat imports increased slightly in first 2 months of 2023
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...