The EU-Vietnam Free Trade Agreement (EVFTA) has created new opportunities for Vietnamese businesses, but they still need equip themselves with necessary skills to avoid losses and tap into this deal.

VOV.VN - From the beginning of the year to mid-July, fruit and vegetable exports reached more than US$2.9 billion, ranking third in the group of agro-forestry-fishery products, according to the General Department of Customs.

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.

The Vietnam - Israel Free Trade Agreement (VIFTA), which was signed last month, has opened up new opportunities for Vietnamese goods to enter an important market in the Middle East.

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.

Vietnam’s agro-forestry-aquatic product exports raked in US$29.13 billion in the first seven months of 2023, while its imports reached US$23.25 billion, resulting in a trade surplus of US$5.88 billion, up 3.4% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.

VOV.VN - Egypt is willing to create favourable conditions for Vietnamese businesses to come and operate efficiently in the country, Prime Minister Mostafa Madbouly told Vietnamese Deputy Prime Minister Tran Luu Quang during their talks in Cairo on July 27.

VOV.VN - Vietnam and Israel signed a bilateral free trade agreement in Jerusalem on July 25, creating a legal corridor for the two countries to promote economic development and trade exchanges.

VOV.VN - Vietnam and Israel should increase the exchange of high-level visits to help further multifaceted cooperation between the two countries, suggested Vietnamese Deputy Prime Minister Tran Luu Quang while playing a courtesy visit to Israeli President Isaac Herzog on July 25.

Leaders of Vietnamese localities are more open to business opportunities, showing greater interest in seeking good technologies and economic development opportunities without being concerned about personal economic benefits or political advancement.