Vietnamese enterprise supported
Vietnamese enterprises supported to grasp EVFTA’s opportunities
BTO – The Ministry
of Trade and Industry in coordination with small and medium enterprises has held
a national teleconference on recently. The event aims to open up opportunities
for businesses to take full use of the European Union - Vietnam Free Trade
Agreement (EVFTA).
At Binh Thuan’s
spot, there are Vice Chairman of the provincial People’s Committee Luong Van Hai
and leaders of local units, associations, trade unions and some typical small
and medium enterprises.
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A national teleconference in support of small-and-medium
enterprises |
In the upcoming
time, the National Assembly will vote for the approval of EVFTA Agreement.
Therefore, the Friday conference was held for the purpose of providing in-depth
information on EVFTA Agreement, especially focusing on the aspects of
small-and-medium enterprise. In which, it stresses on the benefits as well as
chance-grasping of the domestic enterprises from EVFTA.
After the opening
speeches, the conference has focused on a variety of topics, including:
Strategic benefits and Notices for small and medium enterprises to implement the
EVFTA effectively (Multilateral Trade Policy Department - Ministry of
Industry and Trade;
Secondly, the
topic related to potential commodities and orientation on export promotion to EU
market (Import and Export Department - Ministry of Industry and Trade);
and Orientation on Trade promotion activities in support of small-and-medium
enterprises (Department of Trade promotion - The Ministry of Industry and Trade)
This conference spared most of time
on discussing the roles of Governments at all levels in supporting the
small-and-medium enterprise to thoroughly grasp and implement EVFTA effectively.
Under the Agreement, Vietnam has
chances to access to 1 out of the 3 most potential markets on the globe, with a
population scale of more than 500 million. Currently, EU is the second largest
export markets of the world and it is also Vietnam’s second largest export
market, followed by the US and China.
Consequently, Vietnamese businesses
should take full advantages of EVFTA chances so that we create a new supply
chains, alternating the traditional supply chains in the region and the world
which have been affected by Covid-19 pandemic.
Translated by My Thien (Source:
Binh Thuan Online)