Thanks to incentives under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has emerged as an appealing destination for enterprises from the European Union (EU) in general and Northern Europe in particular, Vietnam’s Trade Counsellor in Sweden and Northern Europe Nguyen Thi Hoang Thuy has said.

VOV.VN - The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) in the first half this year soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to insiders.

VOV.VN - The nation has high hopes of developing a modern and sustainable farm produce processing system, thereby transforming the country into one of the world’s top 10 agricultural processing hubs by 2030.

VOV.VN - Vietnam exported 13.1 million tonnes of iron and steel worth US$11.8 billion to the EU last year thanks to the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA), up 32.9% in volume and 124.3% in value compared to 2020.

VOV.VN - With Vietnam’s aquatic market shares in Russia accounting for less than 2% of the country’s total seafood export turnover, local firms have been advised to strive to fully tap into the Russian market thanks to tax incentives from the Vietnam-EAEU free trade agreement.

Trade between Vietnam and the EU rose 14.8% in 2021 to US$63.6 billion despite the impact of the prolonged COVID-19 outbreak.

The Government have issued a host of preferential policies for businesses operating in supporting industries over the past time. However, their beneficiaries have said it is difficult for them to access incentives and support from these policies.

Limited market capacity and price differences between domestically produced cars and imported cars are the two biggest bottlenecks for the local auto industry, according to the latest report from the Ministry of Industry and Trade (MoIT).

The Ministry of Trade and Industry (MoIT) has said it is cooperating with the Ministry of Finance to consider the provision of tax incentives to encourage the development and use of electric vehicles in Vietnam.

Despite facing difficulties caused by the COVID-19 pandemic, Vietnam's footwear industry still achieved double-digit growth and some companies have received long-term orders.