Politics · Vietnam Bureau
Vietnam and Netherlands to maximize EVFTA trade benefits
Vietnam's Deputy Minister of Foreign Affairs has called for both nations to fully leverage the EU-Vietnam Free Trade Agreement to deepen economic cooperation. The Netherlands maintains its position as a leading EU trade partner and investor in Vietnam.
LSN Vietnam ·
Vietnam and the Netherlands should make fuller use of the EU-Vietnam Free Trade Agreement (EVFTA) to strengthen bilateral economic ties, according to Vietnamese Deputy Minister of Foreign Affairs Le Thi Thu Hang.
Le expressed satisfaction with the substantive progress achieved in bilateral relations in recent years, highlighting the Netherlands' continued role as one of the European Union's leading trade partners and investors in Vietnam. The two nations have established a foundation for deeper cooperation across multiple sectors.
The call to maximize EVFTA benefits comes as both countries seek to expand manufacturing collaboration and create new opportunities for Vietnamese enterprises to integrate further into global financial markets. The trade agreement, which entered into force in 2020, has provided a framework for reducing tariffs and facilitating business activities between the two nations.
Vietnam views the partnership with the Netherlands as integral to its broader strategy of economic diversification and deepening ties with European partners. Enhanced utilization of the EVFTA provisions could unlock additional investment flows and create new pathways for Vietnamese goods and services to access European markets.