Vietnam's foreign partners, such as AmCham and EuroCham, expect to further penetrate the domestic clean energy industry.

Extensive inspection proves that Vietnam has made efforts to improve its fishing status, but the commission will work with the country in the next six months for further assessment.

High-ranking exchange visits are expected to enhance the relationship between the two countries with good economic cooperation in Europe and ASEAN.

Hungary was the first European Union state to approve the EU-Vietnam Investment Protection Agreement (EVIPA).

The European Commission has recognized Vietnam’s progress in combating IUU fishing in terms of legal matters, seafood origin, and boat tracking.

Assuming Vietnam keeps the current pace of trading growth, the turnover could set a new record and exceed the $700-billion mark in 2022.

Vietnam’s calculation of the localization rate should be consistent with international practices, which are based on the proportion of domestically generated value rather than the parts produced within the country.

2022 would remain to be a favorable year for trade, especially as enterprises have improved their resilience and several economic sectors continue to benefit from CPTPP, EVFTA, and RCEP.

Trade turnover this year could be well over US$667 billion, representing an increase of 22.4% year-on-year, which resulted in a surplus of $3 billion.