Webinar reviews one-year implementation of EVFTA

News

Webinar reviews one-year implementation of EVFTA

Friday, August 27, 2021

A webinar reviewing the one-year implementation of the EU-Vietnam Free Trade Agreement (EVFTA) was jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and the European Chamber of Commerce in Vietnam (EuroCham) on August 27.

The webinar reviews one-year implementation of EVFTA

Participants to the event looked at difficulties in carrying out the deal and proposed solutions to maximise the benefits brought by it.

VCCI Chairman Vu Tien Loc said that taking effect in August 2020, when the economies of the two sides and the whole world are struggling to overcome difficulties from the COVID-19 pandemic, the agreement has other expectations, becoming one of the drivers for businesses and economies of both sides.

He underlined the need to have solutions from both State policies and strategies from businesses to handle all the risks at present and in the future.

Besides Vietnam, the EU has FTAs with three economies in Asia, including Japan, the Republic of Korea and Singapore. Vietnam has no direct competitors among these, Loc said.

The EVFTA has contributed significantly to Vietnam's aquatic export achievements in recent times. Up to 50 percent of tariff lines were reduced to zero percent before 2020, including tax rates for key exports.

However, the COVID-19 pandemic is strongly affecting raw material production, reducing the opportunity of Vietnam to take advantage of preferential tax lines, he noted.

In the remaining months of 2021, Vietnam's aquatic exports to the EU is forecast to be severely affected by the pandemic, possibly down at least 9 percent over the same period last year, reaching 3.66 billion USD.

Vietnam is predicted to earn 8.6 billion USD from exporting aquatic products this year, up 2.7 percent compared to the figure of 2020.

VNA

Other news

Yen Bai Province: 273 OCOP Products Certified with 3- to 4-Star Ratings

The Dai Phu An plant-based essential oil products from Van Yen District are currently being submitted for evaluation as 5-star OCOP items in the near future.

As of now, Yen Bai Province has a total of 273 OCOP (One Commune One Product) items certified, including 25 products rated 4 stars and 248 rated 3 stars.

Van Yen Records 90 Workers Participating in Overseas Employment

Van Yen District and Goheung County, Jeollanam Province, South Korea Hold Conference to Sign Seasonal Labor Cooperation Agreement

Since the beginning of the year, Van Yen District has recorded 90 individuals participating in overseas labor programs. Among them, 45 workers were sent to Japan, 7 to South Korea, 36 to Taiwan, and 2 to Qatar. This makes Van Yen the locality with the highest number of overseas laborers in the province as of early 2025.

Yen Bai Achieves Positive Results in Public Investment Disbursement

Leaders of Van Yen District inspect transportation infrastructure projects across the district.

Since the beginning of 2025, the implementation of a range of coordinated measures has enabled Yen Bai Province to achieve positive outcomes in the disbursement of public investment capital. Notably, the province ranks among the 35 provinces and cities with disbursement rates higher than the national average.

Yen Bai: 69.1% of Workforce Vocationally Trained

Since 2021, Yen Bai Province has transitioned 39,289 workers from agriculture to non-agricultural sectors.

Over the five-year period from 2021 to 2025, Yen Bai Province has created jobs for 110,339 workers. Of these: 56,393 were employed through socio-economic development programs, 11,907 accessed loans from the National Employment Fund, 2,886 worked abroad under labor export programs, and 39,153 were supplied to out-of-province employers.

News