Deputy Minister of Industry and Trade Tran Quoc Khanh made the remark at a conference on the evaluation of the implementation of the rules of origin in the EVFTA that was held in Ho Chi Minh City on October 17.

According to Khanh, seafood is one of the commodities that was able to take advantage of tariff incentives right after the agreement came into effect.

Vietnamese seafood exports to the EU and UK reached US$263 million in August and September, up 17.1% over the same period last year.

Vietnamese seafood exports to the EU and UK reached US$263 million in August and September, up 17.1% over the same period last year.

Some items witnessed increases in export turnover from the beginning of September. Thanks to the use of tariff quotas under EVFTA, Vietnamese rice export in September reached US$1.74 million, up 168% month-on-month.

Footwear exports, though strongly affected by the demand drop due to the Covid-19 pandemic, also increased slightly in September, recording a figure of US$307.07 million, up 3.5% from the previous month.

In addition, nearly 15,000 sets of EUR.1 certificates of origin (C/O) were granted to Vietnamese products, worth a total of US$700 million, allowing them to export to 28 EU countries.

The items granted with EUR.1 C/Os are mainly related to footwear, seafood, plastic products, coffee, textiles, bags, suitcases, vegetables, rattan and bamboo products, agricultural products and electronic products, amongst others.

Deputy Minister of Industry and Trade said that, based on the results of export growth, Vietnam has made good use of tariff preferences in FTAs signed to expand export markets, particularly the EVFTA.

However, the access to the EU market still faces difficulties despite high tax incentives. Thus, Vietnamese enterprises need to meet many other regulations regarding non-tariff barriers, including regulations on the origin of goods, to fully utilise the agreement.

Vietnam’s exports surge by 4.2% in nine months

Vietnam’s export and import revenues in the first nine months of 2020 reached US$388.73 billion, representing an increase of 1.8% compared to the same period last year, the General Statistics Office (GSO) reported on September 29.

Quarantine stepped up for fruit exports to US

Timothy Westbrook, an expert from the US Department of Agriculture (USDA)’s Animal and Plant Health Inspection Service (APHIS), has completed his Covid-19 quarantine period and began his task at the HCM City-based Son Son irradiation centre.

Wood exports reach nearly US$9 billion in nine months

The export revenue of wood and forestry products is estimated to have reached US$8.97 billion in the first nine months of 2020, an increase of 12% over the same period last year, according to the Association of Vietnam Timber and Forest Product (Vifores).

Vietnam seeks to promote exports to American countries

The Ministry of Industry and Trade held the Forum on Trade and Industrial Cooperation with American Partners in Hanoi on September 25 with the aim of boosting Vietnamese exports to the American region.

Steel exports to China multiplies 19 times

Vietnam’s steel exports to China surged 19 times to 2.07 million tonnes between January and August on the strength of rising demand in a recovering economy.

Source: NDO