Europe is a large market for Vietnamese goods, but businesses need to grasp its quality standards and consumption trends to fully capitalse on this market, an online workshop was told on Wednesday.

Nguyen Tuan, Deputy Director of the Investment and Trade Promotion Centre of Ho Chi Minh City, said trade between Vietnam and Europe has recorded encouraging results in the recent past, and it is forecasted to grow even more thanks to the EU – Vietnam Free Trade Agreement (EVFTA).

Adam Koulaksezian, Director of the French Chamber of Commerce and Industry in Vietnam (CCIFV), noted Vietnam currently ranks 15th in the world and first in ASEAN among trade partners of the EU. Thanks to the EVFTA that took effect in August 2020, tariff barriers have been lifted for a number of exports from both Vietnam and the EU, creating momentum for bilateral trade. Export and import between the two sides have been on the rise and are predicted to grow further, which will be a great opportunity for Vietnamese exporters in many industries, he said.

Source: VOV5