Vietnam’s strategic location, commitment to sustainability, and innovation have made it an attractive destination for international textile producers seeking to diversify global supply chains.

After five years of implementation, the EU-Vietnam Free Trade Agreement (EVFTA) has delivered many positive outcomes, according to a report released by the Central Institute for Economic Management (CIEM) on February 24.

VOV.VN - Vietnamese goods will continue to hold a competitive advantage over other items from foreign countries when they are exported to the Netherlands thanks to the tax reduction roadmap under the European Union - Vietnam Free Trade Agreement (EVFTA), according to the Vietnam Trade Office in the Netherlands.

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 - Vietnam and the Czech Republic should bring into full play cooperation mechanisms, including the EU-Vietnam free trade agreement (EVFTA), to raise their two-way trade to US$5 billion in the coming years, Prime Minister Pham Minh Chinh told a joint business forum in Prague, on January 20.

VOV.VN - Prime Minister Pham Minh Chinh, along with his spouse and other Vietnamese officials, left Warsaw, Poland, on January 18 for Prague, beginning a three-day official visit to the Czech Republic at the invitation of Czech Prime Minister Petr Fiala.

VOV.VN - Prime Minister Pham Minh Chinh urged businesses of Vietnam and Poland to strengthen their partnerships to leverage full potential of the two countries’ development cooperation, while addressing a joint business forum in Warsaw on January 17.

VOV.VN - Vietnam and Poland put forward multiple solutions to boost bilateral economic cooperation during the second economic consultation in Warsaw, Poland, on January 16.

VOV.VN - Poland considers Vietnam to be its most important partner in Southeast Asia, and it wants to develop cooperative relations with Vietnam in all areas, President Andrzej Duda told visiting Vietnamese Prime Minister Pham Minh Chinh during a meeting in Warsaw on January 16.