Quality standards, rules of origin, and legal aspects are said to be among the barriers Vietnamese businesses will have to overcome to gain a foothold in the European market under the EU-Vietnam Free Trade Agreement (EVFTA).
Agriculture exports to China dropped 9.2 percent year-on-year in January-July as exporters failed to meet tightened quality standards.
Only by developing high quality and excellent designs could Vietnamese garment and textile firms boost their exports to Japan, a market that holds strict standards for imported products, according to the insiders.
The People’s Committee of the Mekong Delta province of Tra Vinh has decided to spend more than VND9.7 billion (US$426,800) to help local firms improve the quality of key products of the locality in 2018-2020.
The Republic of Korea (RoK)’s supermarket chain Lotte Mart Vietnam recently met with more than 100 suppliers in Khanh Hoa province to discuss buying their products.