Making news

EVFTA helps boost Vietnam’s agricultural exports to EU

Vietnam earned an estimated 711 million USD from exporting agricultural products to the European Union (EU) in August and September, according to the Ministry of Agriculture and Rural Development.

The export value of farm produce of the country to EU in August and September increased 16.6 percent and 20.3 percent, respectively, against the figure of July.

The ministry said it will accelerate restructuring of the agricultural sector, focusing on raising added value and sustainable development, building planting area codes and geographical indications, and working towards meeting EU standards of origin, quality and food safety.

Measures will also be intensified towards removing the European Commission (EC)’s yellow card warning regarding illegal, unreported, and unregulated fishing (IUU) for Vietnamese aquatic products.

The ministry has encouraged export enterprises to expand their investment in intensive processing to fully tap opportunities and incentives brought by the EU – Vietnam Free Trade Agreement (EVFTA), especially for processed products, it said.

It is also building a programme to attract foreign direct investment (FDI) capital from EU to Vietnam’s agriculture sector, assisting with the country’s joining in the global agriculture chain./