VOV.VN - Once in effect, the Vietnam–EFTA (European Free Trade Association) Trade Agreement (FTA) is expected to open up promising export opportunities for Vietnamese businesses, while also setting higher standards for competitiveness, quality, and sustainable development.

Businesses have been advised to develop comprehensive strategies for the European Union (EU) market to ensure consistent compliance with the market’s evolving food safety standards, particularly those concerning novel foods and composite products.

Hong Kong (China) is viewed as a promising market for Vietnamese exporters as bilateral trade experienced growth of 64.6%, from over US$8.28 billion in 2015 to nearly US$13.63 billion in 2021.