Việt Nam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self – sufficiency in raw materials in order to meet the rules of origin under the UK – Việt Nam Free Trade...
Vietnamese goods will benefit from the reduction of intermediate stages or inspection costs when exported to third-party territories, according to experts.
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 UK-Vietnam Free Trade Agreement (UKVFTA) has had a significant impact on Việt Nam’s export-oriented industries, driving growth and opening up new opportunities for both countries, experts said.
Since the EVFTA came into effect on August 1, 2020, Viet Nam''s two-way trade turnover has achieved impressive growth, despite the severe impact of the COVID-19 pandemic, logistics and supply chain crisis, and geopolitical fluctuations.
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).
The European Union-Vietnam Free Trade Agreement (EVFTA) and the European-Vietnam Investment Protection Agreement (EVIPA) have helped the country attract foreign direct investment (FDI) from EU member states.
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.
The recovery and development of the food and beverage (F&B) market post-COVID-19 is providing opportunities not only for domestic companies but also for United Kingdom enterprises, especially after the success of the UK-Vietnam Free Trade Agreement (UKVFTA).
The local banking sector will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners thanks to UKVFTA.
Vietnamese exporters must better meet clean and green quality requirements of the EU’s second-largest economy to enable them to enlarge the market share amid rising competition.
It is very likely for the mountainous province’s agricultural commodities to be on shelves in the United Kingdom’s supermarkets, especially after the UKVFTA took effect.
Vietnamese businesses now have broader access to the United Kingdom (UK) market thanks to the UK-Vietnam Free Trade Agreement (UKVFTA). However, it is necessary to evaluate the implementation of the FTA to provide appropriate support policies for businesses, helping them fully...