The EU-Vietnam Free Trade Agreement is seen as the key factor that spearheads a promising period in Vietnam – Germany trade relations.

The opportunities for the local firms are huge as the EU remains the second-largest import market in the world with a turnover of $2.16 trillion in 2020.

Higher competitiveness and product quality are essential for Vietnam products to penetrate markets with high standards for imports.

There has been progressing in Vietnam’s rice export as it has matched the national strategy for the diversification of rice export markets.

Local companies could further improve their utilization rate of the trade agreement to gain a larger share of the EU market.