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Portal launched to provide information related to EVFTA for Mekong Delta firms

VGP - The Viet Nam Chamber of Commerce and Industry (VCCI) chapter in the Mekong Delta City of Can Tho (VCCI Can Tho) on July 31 launched a portal which will provide information and advice related to the European Union – Viet Nam Free Trade Agreement (EVFTA) to businesses in the Mekong Delta region.

08/01/2020 15:29

The portal at https://www.vccimekong.com/vi/cac-cau-hoi-thuong-gap is hoped to support regional business in a quick, convenient, in-depth and efficient manner.  

Nguyen Phuong Lam, Director of VCCI Can Tho, said this is a new and convenient way to consult and answer EVFTA-related questions, as well as to help enterprises work online with experts if necessary, thus understanding more about the agreement.

The portal will also provide and update information on relevant policies and laws, contributing to helping regional businesses fully tap opportunities brought about by the trade pact and improve their competitiveness.

According to the Import-Export Department under the Ministry of Industry and Trade, the EU is one of the three largest export markets of Viet Nam besides the US and China. Last year, Viet Nam's exports to the EU market hit US$41.54 billion, accounting for 15.7% of Viet Nam's total export turnover.

Viet Nam - EU bilateral trade increased nearly 13.8 times in the 2000 – 2019 period. Notably, Viet Nam's exports to the EU rose nearly 15 times to US$41.54 billion from only US$2.8 billion.

When the EVFTA comes into effect, many Vietnamese goods will benefit from tariff policies, including key products of the Mekong Delta such as Tra fish, shrimp and fruits.

According to VCCI Can Tho, the approval of the EVFTA is expected to help Viet Nam's export turnover to EU member countries surge by 45% by 2030, contributing to lifting the national GDP growth to 7% in the 2029-2030 period./.

By Hoang Ha