Nearly US$5bil of Vietnam's exports to EU benefit from EVFTA

A street vendor carries baguettes for sale on her bicycle along a street in Hanoi on April 14, 2021. - AFP

HANOI, April 17 (Bernama): Almost US$5 billion worth of Vietnamese goods exported to the European Union (EU) has benefited from preferential tariffs under the EU-Vietnam Free Trade Agreement (EVFTA), reported Vietnam News Agency (VNA) according to the Ministry of Industry and Trade (MoIT).

The MoIT said efforts to capitalise on FTAs have resulted in significant outcomes, helping to achieve fast and sustainable export and gradually reduce the dependence on single or certain markets.