VIETNAM’S BUSINESS NEWS HEADLINES OCTOBER 24

Vietnamese goods worth US$1 billion enjoy EU’s tariff reduction thanks to EVFTA A worker processes tra fish for export at a plant in the Mekong Delta. Vietnam’s exports to the EU have increased significantly after the EVFTA came into force Addressing a seminar in HCMC on October 17, Deputy Minister of Industry and Trade Tran Quoc Khanh said the EVFTA has benefited both Vietnam and the EU, especially in the context of the Covid-19 pandemic seriously affecting the global economy. Vietnam’s exports to the EU reached US$3.77 billion and US$3.54 billion in August and September, up 2.9% and 7.9% year-on-year, respectively. “The number of C/Os granted under the EVFTA is much higher than that under the Comprehensive and Progressive Trans-Pacific Partnership. While the EU’s economy has been negatively affected by Covid-19, consumption has declined and gross domestic product has posted negative growth, the increase in Vietnam’s exports to the EU has been encouraging,” Khanh said. According to the Ministry of Industry and Trade, 10 export items with the highest number of granted C/Os under the EVFTA over the past two months have been footwear, aquatic products, plastic, textiles and garments, coffee, vegetables and fruits, iron and steel, vehicles and tools, rubber and… Read full this story

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