Businesses slow in applying for preferential tariffs in Vietnam-EU free trade agreement


Vietnam expects to surpass Bangladesh to become the second largest textile and garment exporter to the world market after the EVFTA comes into effect. — baodautu.vn

HANOI (Vietnam News/ANN): Experts have raised concerns that Vietnamese businesses are slow in preparing conditions to enjoy preferential tariffs in the Vietnam-EU Free Trade Agreement (EVFTA).

Nguyen Hai Minh, EuroCham vice chairman, said the EVFTA has taken effect from Aug 1, but only 2 per cent of 8,600 local enterprises know the details of this FTA and about 20 per cent of them know about the agreement at all. The important thing is that they must really understand the content of this agreement and its conditions.

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Vietnam , EU , free trade agreement

   

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