Under Decree 66, remanufactured goods must now meet a number of criteria, including certification of eligibility and compliance with origin rules established under the EVFTA and UKVFTA.
The survey of enterprises’ awareness of the EVFTA was conducted by the Centre for WTO and International Trade under the Vietnam Chamber of Commerce and Industry (VCCI).
Logistics remain a key factor in Viet Nam''s ability to capitalise on the benefits of the EU–Vietnam Free Trade Agreement (EVFTA), said experts and policymakers.
Meeting the EU''s Sanitary and Phytosanitary Standards (SPS) remains a challenge for Vietnamese food exporters as the country''s seeking greater integration in the global food supply, said industry experts and policymakers.
According to the General Statistics Office, foreign investment as of October 20 was US$23.48 billion, equivalent to less than 81 per cent of the figure for the same period last year.
More and more Italian textile firms are investing in Viet Nam to take advantage of the EU-Vietnam Free Trade Agreement and export to the European market, experts said.
German businesses are keen on investment and trade potential in the Vietnamese market, particularly new opportunities arising from the EU-Vietnam Free Trade Agreement (EVFTA).
A number of key tasks must be completed including the application of information technology to keep governmental agencies, the business community and consumers d on the trade deal, along with support for Vietnamese enterprises to take advantage of trade opportunities.
The European Council on March 30 passed a decision to ratify the EU-Vietnam Free Trade Agreement (EVFTA), paving the way for the deal to come into force.
The heavy duties imposed by the US has seen Vietnamese steel export to the world’s largest economy to just over $3.49 billion, a 9 per cent decrease from the same period last year.
The EU is a potential market for Viet Nam''s shrimp industry next year as the shrimp production of this bloc has not met demand of the largest shrimp market in the world.