|A conference on evaluating two years of EVFTA implementation in Vietnam opens on November 10, 2022 (photo: VOV)
According to the report, EVFTA has helped trade and investment between Vietnam and the EU progress significantly and boosted Vietnam’s exports to partner markets. About 41% of questioned businesses said they have benefited from EVFTA, mostly from tariff preferences for import and export commodities.
|Nguyen Thi Thu Trang, Director of the Center for World Trade Organization and Integration of VCCI (photo: VOV)
Nguyen Thi Thu Trang, Director of the Center for World Trade Organization and Integration of VCCI, said: "Businesses now enjoy preferential tariffs for import and export commodities from EVFTA. They also appreciate the indirect benefits such as more cooperation opportunities and higher number of orders, revenues, and profits since the agreement was signed."
Up to 76% of businesses are positive about EVFTA and other FTAs’ impacts on business prospects in the next 3 years. Economic experts recommend improving the competitiveness of small, medium and micro enterprises to take advantage of EVFTA in the future.