The EVFTA has created huge competitive advantages for Vietnam’s exports to the 27 EU member countries. Illustrative image (Photo: vneconomy.vn) Hanoi (VNA) – Commitments outlined in the EU-Vietnam Free Trade Agreement (EVFTA) on both trade and investment are expected to contribute to attracting European businesses and investors to expand their activities in Vietnam, further promoting trade and investment cooperation. EVFTA by importing raw materials and machinery from the EU to increase their export turnover to this market. exports to the 27 EU member countries.
Vietnam’s export turnover to the EU reached over 57 billion USD in 2021 and 52 billion USD in the first 10 months of 2022. Illustrative image (Photo: VNA) Vietnam's export turnover to the EU reached over 57 billion USD in 2021 and 52 billion USD in the first 10 months of 2022, representing year-on-year increases of 14% and over 14%, respectively. Vietnam ‘s exports.
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