EU, Vietnam strategic partners

Jean-Jacques Bouflet, Minister-Counsellor and Head of the Economic and Trade Committee of the EU Delegation to Vietnam stated that the European Union (EU) was a strong strategic partner of Vietnam in all fields from trade, investments to politics and culture.

The EU is the second-largest garment importer of Vietnam.(Photo:VNA)

EU is also the second largest foreign market for Vietnam and the country’s exports to EU were 20 percent of its total export volume last year.

Two-way trade between Vietnam and EU saw an impressive increase with VN exports to EU reaching over 9 billion euros, up by 38percent compared with the year before. In addition, negotiating a free trade agreement between Vietnam and EU helped trade relations on both sides.

EU is also negotiating a free trade agreement with Singapore and Malaysia. Philippines, Indonesia and Thailand are also proposing to negotiate a free trade agreement with EU.

By H. Nhai – Translated by T. Huong

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