Vietnam, EU seek to boost cooperation in green, sustainable growth

30/09/2022, 10:13

Vietnamese enterprises should focus on meeting quality requirements and ensuring green and sustainable growth, experts said at the Vietnam-EU Trade Forum held in Ho Chi Minh City on September 29.

eu.jpg
A melon farm in Ninh Thuan (Photo: VNA)

Speaking at the event co-organised by the Vietnamese Ministry of Industry and Trade, and the EU Delegation to Vietnam, Minister of Industry and Trade Nguyen Hong Dien said that over the past more than two years since the EU-Vietnam Free Trade Agreement (EVFTA) took effect, the two sides have witnessed fluctuations of the global economy as well as the economies of the EU and Vietnam amid the COVID-19 pandemic, regional and global geo-political instability.

Data from the General Department of Vietnam Customs showed that the EU is now a leading trade partner, the third biggest export market and the fifth largest import market of Vietnam. Meanwhile, Vietnam surpassed Singapore to become the biggest trade partner of the EU in ASEAN and the world's 11th biggest supplier of goods to the bloc.

eu1.jpg
Experts discuss EU-Vietnam cooperation at the forum. (Photo: VNA) 

From August 2021 to July 2022, two-way trade between Vietnam and the EU reached 61.4 billion USD, up 11.9% from the first year of EVFTA enforcement. Of which, Vietnam shipped 45 billion USD worth of products to the EU, up 17%.

In the first eight months of this year, the figure hit 42.4 billion USD, marking a 14.85% rise year-on-year. Vietnam mainly exported machinery, garment and footwear, coffee, aquatic products, fruits and vegetables, pepper and rice to the EU.

Dien added that the Vietnamese Government is keen on expanding the markets and boosting its comprehensive partnership with the EU and its member states, thus making it easier to expand bilateral ties, not only in trade but also other economic areas.

Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Alain Cany said in order to be able to compete in the EU and fully tap advantages from the signed FTAs, Vietnamese enterprises need to comply with strict environment standards and meet demands for green and sustainable consumption trend, which is inevitable in the world and a mandatory path for them to deeply join the new value chain.

The EU encourages the development of green and renewable energy sources in Vietnam, he said, adding that European firms want to be present in Vietnam to share their experience, technology and investment

P.L

Source: VNS
Copy Link
Related articles
Vietnam, EU to sign EVFTA on June 30 in Hanoi
The European Council announced on June 25 that it has approved the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA), and assigned the EU to sign the deals with Vietnam on June 30 in Hanoi. 
Focus
Binh Thuan to stimulate tourism in peak summer holiday
BTO- Summer is considered the most exciting domestic tourism season. With the expectation of attracting tourists and achieving high revenue, Binh Thuan Tourism is increasing promotion and stimulating summer tourism with the program "Vietnamese People Travel in Vietnam - I Love Vietnam" by the Ministry of Culture, Sports and Tourism launched and continues to improve and innovate tourism products.
Do not miss
  • Binh Thuan to stimulate tourism in peak summer holiday
    18 hour ago Travel
    BTO- Summer is considered the most exciting domestic tourism season. With the expectation of attracting tourists and achieving high revenue, Binh Thuan Tourism is increasing promotion and stimulating summer tourism with the program "Vietnamese People Travel in Vietnam - I Love Vietnam" by the Ministry of Culture, Sports and Tourism launched and continues to improve and innovate tourism products.
  • Provincial leaders pay tribute to Uncle Ho
    one month ago Politics
    BTO - On the occasion of commemorating the 134th anniversary of President Ho Chi Minh’s birth (19/5/1890 - 19/5/2024), this morning (May 17), the Provincial Party Committee, People’s Council, People’s Committee, and Fatherland Front Committee of Vietnam’s province organized a ceremony to pay tribute to President Ho Chi Minh at the Ho Chi Minh Museum - Binh Thuan branch.
  • Binh Thuan destination captivates South Korean tourists
    one month ago Travel
    BTO - Binh Thuan tourism with blue sea - white sand – and golden sunshine has become a popular, safe, friendly, and trusted destination for tourists from all over the country and abroad. Especially in 2023, the Korean tourist market will grow strongly in Binh Thuan.
  • “Swap books for trees” program in support of poor students open in Binh Thuan
    one month ago Society
    BTO – A charity program, named ““Swap books for trees” by the charity group Fly To Sky (Member of the National Volunteer Network, under the Central Youth Union of Ho Chi Minh City) is being held at Doi Duong Park (Phan Thiet City).
  • Binh Thuan to participate in trade promotion in Laos
    one month ago Business
    BTO – A Trade promotion event will be held in the capital city of Vientiane, Laos from June 18th to 22nd, 2024 in Laos. This activity is organized to enhance trade promotion, and expand the market for potential and advantageous products of Binh Thuan to the Laotian market this year and in the following years.
  • Returning to the 3-tier waterfall in Binh Thuan
    one month ago Travel
    BTO - As a place with mild weather all year round, the area of 143, is known as Hamlet 11 in the present, Da Kai commune (Duc Linh district), always gives those who come there a feeling of surprise because of its change, prosperity and beauty. It combines wild mountains, forests, fruit lands, and hospitable and friendly people. We returned to the land of 143 to visit the 3-storey waterfall, immerse ourselves in nature, and listen to the beautiful life here every day.
  • Binh Thuan leaders hailed Ambassador of Vietnam Tourism in South Korea
    one month ago Travel
    BTO - On the morning of May 7, in Seoul, South Korea, the working delegation of Binh Thuan province led by Mr. Nguyen Minh - Vice Chairman of the Provincial People’s Committee as the head of the delegation had a working session with the Ambassador of Vietnam Tourism in South Korea Ly Xuong Can, to discuss cooperation on promoting the culture and tourism of Binh Thuan in South Korea in the coming time.
  • Binh Thuan won A prize at the Folk Cake Competition in 2024
    one month ago Culture
    BTO – Two traditional cakes of Binh Thuan province, named “Banh hon” and “Banh quai vac” have excellently won the A prize at the Southern Folk Cake Festival for the 11th time in 2024 in Can Tho city. The two above-mentioned cakes are processed by chef Mai Van Linh (from the Professional Chef Association of the province).
  • Exploring the wavy pass in the old jungle
    one month ago Travel
    Dai Ninh Pass is not the highest area in the Phan Son and Phan Lam forests, but this is the peak of the National Highway 28B connecting the two provinces of Binh Thuan and Lam Dong. The starting point is Luong Son Town, Bac Binh district, and the final point is adjacent to Highway 20 in Ninh Gia commune, Duc Trong district (Lam Dong), with a length of nearly 70 km.
  • Binh Thuan to boost tourism via the allure of its culinary
    one month ago Culture
    BTO - Along with beautiful natural landscapes and unique cultural identity, the essence of cuisine is becoming a “specialty” attracting tourists. This is considered one of the main reasons for travelers to choose a destination and act as a “bridge” to keep tourists coming back.
  • Photo exhibition on “President Ho Chi Minh with the glorious victory of the nation” held in Binh Thuan
    2 month ago Culture
    BTO - A photo exhibition “President Ho Chi Minh with the glorious victory of the nation” is being held to celebrate the 49th anniversary of the Liberation Day of Binh Thuan Homeland (April 19, 1975 - April 19, 2024), which is also linked to the 49th anniversary of the Liberation of the South, the reunification of the country (April 30, 1975 - April 30, 2024).
  • Books brought to students in ethnic minority areas
    2 month ago Culture
    BTO – In response to “Book and Reading Culture Day”, Dong Giang Elementary and Middle School (Ham Thuan Bac) has recently observed a significant and interesting activity at the schoolyard. To improve Vietnamese language proficiency for students, especially primary school students in ethnic minority areas, and help them grasp other subjects.
  • Phu Quy: Exploring an ancient pagoda in the middle of the sea
    2 month ago Culture
    BTO - History records that Linh Quang originally was a simple thatched pagoda built in 1747 to worship and serve as a residence for the abbots. However, at the end of the 18th century, this temple was unfortunately destroyed by fire, many precious ancient heritages in the temple were damaged except the bronze and terracotta Buddha statues.
  • Mui Ne among the top 5 unique destinations in Asia-Pacific
    2 month ago Travel
    BTO – Mui Ne, a tourist destination in Phan Thiet, Binh Thuan has been listed in the list of top 5 unique destinations in Asia-Pacific, according to a recent list released by Booking.com.
  • More than 1,500 billion VND in favor of offshore fishing vessels
    2 month ago Society
    BTO - In October 2017, Binh Thuan provincial People’s Committee established a Steering Committee to implement policies to encourage and support the exploitation, aquaculture, and seafood exploitation services in distant sea areas according to Decision 48/2010/QD-TTg of the Prime Minister and seafood development policies according to Decree 67/2014/ND-CP of the Government.
  • An endless fascination of Binh Thuan’s marine and island tourism
    2 month ago Travel
    BTO - Having the strength of marine and island tourism, and many favorable factors in foreign traffic, beautiful weather, etc, Binh Thuan province has shown its attraction in recent times as well as the upcoming holidays.
  • Top must-visit tourist destinations in Binh Thuan
    2 month ago Travel
    BTO – As you arrive in Binh Thuan, you will enjoy the turquoise sea - white sand - golden sunshine, and especially the indispensable fresh seafood dishes.
  • Binh Thuan: Revenues from tourism activities reached over VND5,700 billion
    2 month ago Travel
    BTO - The latest statistics show that in the first quarter of 2024, the entire province is estimated to receive more visitors and achieve revenue from tourism activities, increasing compared to last year.
  • Ambassador Extraordinary and Plenipotentiary of the Lao People’s Democratic Republic in Vietnam visited and worked in Binh Thuan
    2 month ago Externat Relations
    BTO - On the March 26 morning, the delegation of the Lao Embassy and Consulate General in Ho Chi Minh City visited and worked in Binh Thuan. The working delegation was led by Comrade Khamphao Ernthavanh, Ambassador Extraordinary and Plenipotentiary of the Lao People’s Democratic Republic in Vietnam. Mr. Doan Anh Dung, Chairman of the Provincial People’s Committee, and representatives of departments and agencies welcomed the working delegation.
  • Various activities in response to the “Youth Month, Border March” 2024
    2 month ago Society
    BTO - In response to the “Youth Month, Border March” program in 2024, the provincial Border Guard Youth Union has carried out many practical and meaningful programs.
POWERED BY ONECMS - A PRODUCT OF NEKO
Vietnam, EU seek to boost cooperation in green, sustainable growth