The first EU – Vietnam Global Gateway Business and Investment Forum is scheduled to take place in Hà Nội on March 24, aiming to deepen economic and investment cooperation between the two sides.
Việt Nam aims to complete provincial forest boundary databases and maps befor the end of this year in a move critical to helpin the timber industry adapt with the European Union’s anti-deforestation rules and maintain exports.
The Trade Remedies Authority of Việt Nam urges manufacturers and exporters to increase origin transparency to cope with the European Union’s trade defence investigations, which are rising amid an increase in global trade tensions.
Việt Nam has been officially classified as a “low-risk” country under the European Union’s new Anti-Deforestation Regulation (EUDR), according to a recent announcement by the European Commission (EC) in Brussels.
This marks a significant milestone for Việt Nam, providing a reliable information platform to assist businesses in complying with the European Union''s Deforestation Regulation (EUDR).
The project coordinated with the localities to improve farming techniques in order to achieve international certificates such as MSC (Marine Stewardship Council) and ASC (Aquaculture Stewardship Council) for clam, and FSC (Forest Stewardship Council) for bamboo.
Since the EVFTA came into effect on August 1, 2020, Viet Nam''s two-way trade turnover has achieved impressive growth, despite the severe impact of the COVID-19 pandemic, logistics and supply chain crisis, and geopolitical fluctuations.
The European Union-Vietnam Free Trade Agreement (EVFTA) and the European-Vietnam Investment Protection Agreement (EVIPA) have helped the country attract foreign direct investment (FDI) from EU member states.
Careful consideration must be given to developing appropriate standards for enterprises to improve their product quality competitiveness in the context of rapid and intensive international integration.
New generation trade agreements could hold the keys to success for many Vietnamese enterprises, especially smaller firms, so they should be making every effort to grasp the opportunities they offer.
Việt Nam has one of the most advanced livestock sectors in ASEAN, and the European Union-Việt Nam Free Trade Agreement (EVFTA) is expected to new opportunities for the industry.