Vietnam: Many opportunities to boost agricultural exports to the European market

Published 2021년 8월 9일

Tridge summary

The article highlights the growing interest of the EU market towards Vietnam, attributed to the benefits of the EVFTA agreement. Despite the economic impact of the COVID-19 pandemic, trade figures for the first four months of 2021 show a notable increase of over 13% in imports and exports between Vietnam and the EU. The article emphasizes the potential for Vietnamese agricultural exports to the EU, particularly fresh fruits, and calls for more efforts to obtain Global GAP certification and facilitate smoother export processes. The Vietnam Trade Office in Belgium is taking steps to enhance export promotion by creating a list of participating enterprises, connecting with importers, and organizing trade promotion events.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Vietnam Trade Office in the United States and the EU (Ministry of Industry and Trade) said that EU consumers are "more interested in the Vietnamese market when the advantages brought by EVFTA" gradually appear. According to Eurostat, in 2020, Vietnam's exports to the EU market reached 34 billion euros, down 1.7% compared to 2019. Meanwhile, Vietnam's imports from the EU market reached 8.3 billion euros. , down 25% compared to 2019. Due to the impact of the COVID-19 epidemic, many non-essential stores had to close, people's income decreased, so the demand for goods consumption decreased significantly. However, according to Eurostat, in the first 4 months of 2021, Vietnam's exports to the EU market reached 12.1 billion euros, up 9%, while imports from the EU market reached 3.4 billion euros. , up 30.7% over the same period in 2020. Although the COVID-19 epidemic continues to affect the economy and people's lives, the first 4 months of 2021 show that Vietnam's import and export ...

Source: Vietnambiz