Vietnamese exporters to grow presence in EU

Foreign markets: Workers thresh rice in Vietnam’s Yen Bai province. The country’s manufacturers and farmers, among others, are being urged to adopt environmental, social and sustainable development practices acceptable to other nations, including the EU. — AFP

HANOI: Bolstering the retail distribution system is an important way to expand exports to the European Union (EU), where Vietnamese goods still have significant room for growth under the auspices of the EU-Vietnam Free Trade Agreement (EVFTA).

According to Nguyen Thao Hien, deputy director of the European-American Market Department under the Ministry of Industry and Trade, 2022 is considered a favourable time for trade and investment promotions with the EU, as the two sides are focusing on accelerating post-pandemic growth and actively resuming economic and trade activities.