The EVFTA opens the door to Vietnam’s agriculture and fisheries products. Vinamex, an import and export company in Belgium, has a solid reputation in this rather difficult market, especially in regard to rice and cashew nuts. Its warehouse in Brussels regularly houses agricultural products imported from Vietnam. … [Read more...] about Vietnamese agricultural products given opportunity to enter Europe
Import export turnover
Bangkok (VNA) - Thai chicken exports rose less than expected in the first half of this year due to COVID-19, according to the Thai Broiler Processing Exporters Association (TBPEA). Thailand exported 470,000 tonnes of chicken in the first six months of 2020, representing a year-on-year rise of 2 percent, with export value of 54 billion baht (about 1.73 billion USD), up 1 billion baht. The local media recently cited TBPEA manager Kukrit Arepagorn as saying the pandemic has caused Thailand’s two main markets, the European Union (EU) and Japan, to cut chicken imports. Chicken exports to the EU dropped by 10 percent as the COVID-19 situation there is not yet resolved, he said, adding that Thailand expects to export 280,000 tonnes of chicken to the EU this year, down from 330,000 tonnes last year. Meanwhile, chicken exports to Japan only rose by 2 percent because the virus outbreak had hit tourism and forced the country to postpone the Tokyo Olympic Games, reducing demand. … [Read more...] about Thailand cuts chicken production as global demand drops
When entering into force, the EVFTA will bring immediate positive effects for businesses in both Vietnam and Europe. From day one, the cut to tariffs will apply to 65 per cent of the EU exports to Vietnam and 71 per cent of EU imports from Vietnam, with a gradual phasing out over 10 years. The elimination of bilateral tariffs and export taxes, together with the reduction of non-tariff barriers affecting cross-border exchange of goods and services, are expected to boost bilateral trade considerably. The opening of the procurement markets adds important new trading opportunities for the EU. … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
Last but not least, that Viet Nam has been hailed as one of the countries most successful in controlling the COVID-19 outbreak at low cost, as well as its assistance and provision of medical equipment and face masks to other countries in their fight against the pandemic have helped raise investors’ confidence. This is a good opportunity for Viet Nam to attract investment and recover the economy, creating momentum for long-term and sustainable development. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?