Evfta

Not only witnessing a sharp increase in trade turnover, there has been a greater diversification in export market.

The e-commerce site is a key national program to boost trade activities between Vietnam and the EU.

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

Vietnam’s shrimp exports will be the main growth engine of the seafood sector this year.

The top priority at this time is ensuring social security, keeping the macroeconomic environment stable, and supporting businesses that are still in operation.

Vietnam passed the intellectual property law few months after the enforcement of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Despite unprecedented challenges from the Covid-19 pandemic, bilateral trade turnover in 2020 rose by 6.6% year-on-year to US$5.1 billion.

Vietnam’s participation in a wide range of free trade agreements is set to open new doors for further economic growth, according to Nikkei Asia.

Trading activities were among the highlights of the economy in 2020 with an all-time high trade surplus of US$19.1 billion and contributed to a positive economic growth of 2.91%.

The German government fully support the enforcement of agreements in trade and industrial cooperation, including the EU – Vietnam Free Trade Agreement (EVFTA), to boost bilateral trade and investment cooperation.