31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam and EU take benefits from EVFTA: PM
Hai Yen 20:21, 2020/12/11
Despite unfavorable global trade environment, trade relations between Vietnam and the EU continues its upward trend, Prime Minister Nguyen Xuan Phuc has said.

In just a short period of time since the EU – Vietnam Free Trade Agreement (EVFTA) became effective, the trade deal has brought immediate impacts for both parties and contributed to their respective economic recovery processes.

 Prime Minister Nguyen Xuan Phuc and Ambassador of the EU to Vietnam Giorgio Aliberti. Photo: Quang Hieu. 

Prime Minister Nguyen Xuan Phuc made the statement in a meeting on December 10 with Ambassador of the EU to Vietnam Giorgio Aliberti on the occasion of 30th anniversary of the establishment of bilateral relations.

“Vietnam’s relation with EU holds strategic significance and is a key part in its foreign policies,” stated Mr. Phuc.

Despite unfavorable global trade environment, trade relations between Vietnam and the EU continues its upward trend, he added.

Ambassador Aliberti said the 30th anniversary marks an important milestone in Vietnam-EU relations, expecting greater cooperation between the two sides in various fields.

 Overview of the meeting. Photo: Quang Hieu. 

In a difficult year with the Covid-19 pandemic, Vietnam has shown its prominent role on the world’s stage, especially in the position of ASEAN Chair 2020 and non-permanent member of the UN Security Council for 2020021 tenure, Mr. Aliberti added.

“Among them, the most important feat is Vietnam’s successful control of the pandemic,” he said.

As the EVFTA has created favorable conditions for Vietnam and the EU to boost cooperation, the strong bilateral relations have been based on mutual respect, the Ambassador noted.

In the coming time, Vietnam should continue to take advantage of the EVFTA, seen as an expressway, to export agricultural products and seafood to EU, while the bloc considers the trade deal a platform for Vietnam to holds a higher rank in the global value chains, stated Mr. Aliberti.

The Vietnam PM said he would instruct government agencies to continue creating favorable conditions for foreign investors, especially those from the EU.

The EU remained Vietnam’s third largest export market in the January-November period, spending US$32.2 billion on Vietnamese goods, down 2.4% year-on-year, while the latter imported goods worth $13.2 billion from the bloc during the same period, up 4.3%.

RELATED NEWS
TAG: Vietnam EU EVFTA PM Nguyen Xuan Phuc covid-19 coronavirus nCoV pandemic trade United Nations ASEAN Chair 2020
Other news
20:16, 2022/16/29
Vietnam to hold a 60-hour livestream shopping with numerous promotions
Online Friday will be the biggest online shopping day of the year, with the participation of numerous companies offering exclusive discounts of up to 100%.
16:05, 2022/05/29
Handicrafts: Key to socio-economic growth of Hanoi's district
The value of industrial and craft production amounted to VND11.3 trillion (US$456 million) in January-September, up 9.2% year-on-year.
18:14, 2022/14/27
Hanoi's tourism shows strong recovery since March 2022
Eight months after the reopening of international travel, Hanoi has seen substantial development in the tourism sector.
07:24, 2022/24/26
Embassy key to boosting the Vietnam-Philippines economic relations: National Assembly Chairman
National Assembly chairman Vuong Dinh Hue visited the Vietnamese Embassy in the Philippines during his tour of this country.
22:11, 2022/11/25
Vietnamese firm exports first electric cars to the US
VinFast, the car-making arm of Vietnam's private conglomerate Vingroup, today shipped 999 electric units to the US.
21:59, 2022/59/25
Hanoi Midnight Sale offers high discounts to attract consumers
"Hanoi Midnight Sale" and "From online to street vending" are trade promotion events running at Big C Thang Long supermarket since November 24.