The European Union is concerned that Chinese goods, previously destined for the US, could be redirected to the European market due to the reciprocal tariffs, said Nguyen Thi Hoang Thuy, head of the Vietnam Trade Office in Sweden, concurrently in charge of the Nordic market.

In 2024, Vietnam exported nearly US$51.7 billion worth of goods to the European Union, marking an 18.5% increase, equivalent to an additional US$8.08 billion compared to the previous year.

Although formal export methods are more complex and high costs compared to exporting via unofficial channels, experts recommends businesses to adopt this practice as it brings about greater benefits for them when penetrating big and choosy markets like the European Union (EU).

VOV.VN - The European Union has decided to increase pesticide residue checks at border gates for Vietnamese durian exported to the bloc to 20%, up 10% from the previous rate.

Vietnam's exports to the EU and the US in 2023 were estimated to reach around US$166 billion, a 9.6% decrease while imports were estimated at nearly US$41 billion, a 9.1% drop in comparison to 2022.

Taking full advantage of incentives for farm produce from the EU-Vietnam Free Trade Agreement (EVFTA) in the new context was the theme of a seminar held in both in-person and online formats by the Ministry of Industry and Trade (MoIT) in Hanoi on September 8.

Following sustainable development will help Vietnamese pepper further enter the EU where more and more consumers ask for certificates that prove the products’s sustainability, an insider has said.

Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020, most commitments in the agreement have been implemented and left positive impacts on business activities, especially trade, said Do Viet Ha of the Trade Office of the Vietnamese Embassy in Germany.

The value of Vietnam's agro-forestry-fishery export to the European Union (EU) market reached US$2.1 billion in the first half of this year, down 16.6% year-on-year, according to the Ministry of Agriculture and Rural Development.

VOV.VN - The Czech Republic considers Vietnam its most important partner in Southeast Asia and wants to ramp up cooperation with Vietnam in all fields, Prime Minister Petr Fiala told his host, Prime Minister Pham Minh Chinh, during their talks in Hanoi on April 21.