Eu

For the first six months of 2021, Vietnam-EU trade turnover rose by 18.4% year-on-year to US$27.67 billion.

The two sides are expected to strengthen cooperation in economic recovery for green and sustainable development.

The EU is currently one of the leading export markets for many key Vietnamese products such as textiles and garments, seafood, furniture, and wood products.

Recovery in global consumer demand, market reopening in the US and Europe would be an opportunity for Vietnam to boost exports in the final half of 2021.

Vietnam plans to organize a digital investment conference in Q3 this year, promoting investment into industrial parks or economic zones online.

The local authorities have implemented many synchronous measures to boost the export of lychees.

Global supply chains will turn to Vietnam, India and Turkey for more diverse sourcing.

SMEs are having huge opportunities for development with the presence of free trade agreements, the Industry 4.0 and new business models.

Vietnam’s export growth in this year is set to be around 13-15% year-on-year, the largest expansion since 2017.

The Hanoi-based firm expects to expand its business scale from the export of this first batch.