Evfta

Online platforms will help Vietnamese businesses expand their foothold in the foreign market.

Both the EU-Vietnam Investment Protection Agreement (EVIPA) and EU-Vietnam Free Trade Agreement (EVFTA) would serve as the driving force to further boost Vietnam-EU relations.

Trade relations between Vietnam and the EU remain strong, reaching more than US$42 billion in 2020.

Vietnam would help Austrian companies penetrate the ASEAN market of 650 million people and have a larger share in the CPTPP with 800 million consumers.

Preferential treatments from the EU-Vietnam Free Trade Agreement (EVFTA) have been best utilized by Vietnamese enterprises among trade deals of which the country is a party.

For the past four years, the Vietnamese Government‘s strong efforts in dealing with the issue have been recognized by the European Commission.

Vietnamese businesses need to invest in improving competitiveness of their products in both quality and scale to penetrate the European market.

The Vietnamese Prime Minister expressed thanks for Romania’s support of 100,800 doses of the AstraZeneca vaccine, which demonstrates the sincere friendship and close linkage between the two countries.

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

Vietnam called for more investment from Finnish companies in potential fields of hi-tech, telecommunications, renewables, and the environment.