 Automobile manufactured at Ford factory in Hai Duong province (Photo: VNA) |
According to the article, with a foreign trade volume of about 41.3 billion USD, the EU is currently among Vietnam’s largest trading partners. The article said the in-effect EU-Vietnam Free Trade Agreement (EVFTA) with its liberalization of customs duties and the deepening of trade and business relations, represents a great opportunity for EU companies.
Meanwhile, Eurocham’s survey in the first quarter of this year showed that European business executives were confidence in Vietnam’s economy, while the Korea International Trade Association has reported that Vietnam has been an attractive investment destination in Southeast Asia.