Vietnam's exports to the EU accounted for only 2% of the bloc's total imports of US$2.5 billion annually.

The Government would continue to support local logistics firms in improving their competitiveness and allocate funds for transport infrastructure development.

Vietnam's trade relations with most European markets have experienced positive growth, not only with Germany, the Netherlands and France, but also other markets in northern, central and southern Europe.

The five-day visits of Vietnam’s National Assembly Chairman Vuong Dinh Hue to Hungary and the UK marked a new milestone in bilateral relations, eventually contributing to the Vietnam-EU partnership.

Italian businesses are interested in investing in Vietnam, especially in the fields of renewables, infrastructure, water management, and innovation, said the Italian Prime Minister Mario Draghi.

Rising global demand for food is offering opportunities for Vietnam’s farm exports this year.

The EVFTA since its inception on August 1, 2020, has contributed to raising bilateral trade turnover to $57 billion in 2021.

Vietnam and the EU can expect a strong bounce in the development of trade and investment cooperation in the context of the new normal with a solid foundation from the EVFTA.