Netherlands - Gateway for Vietnamese goods to enter EU
|Illustrative image. (Photo: congthuong.vn)|
According to the Vietnamese Office for Trade Affairs in the EU, a large volume of Vietnamese goods exported to the Netherlands are re-exported to other European countries. Therefore, Viet Nam is also considered the leading trade partner of the Netherlands in Asia.
The Viet Nam-EU Free Trade Agreement (EVFTA) is expected to open up greater for businesses from both countries to foster their partnership.
According to the Ministry of Industry and Trade (MoIT), Viet Nam and the Netherlands have shared close ties in various fields, especially industry, green and renewable energy, circular economy and emission reduction towards sustainable development.
Meanwhile, the Dutch Government and investors have shown interest in partnering with Viet Nam in trade, industry and energy.
Viet Nam has been and will be a good choice for Dutch investors, while the business communities of both sides have sought business and investment opportunities in each other’s country, thus optimising advantages brought about by the EVFTA.
Statistics from the MoIT showed that the Netherlands is the biggest export market of Viet Nam in the EU and the largest European investor in Viet Nam.
Last year, despite COVID-19 impacts, two-way trade still rose 1.5 percent year on year to over 7.7 billion USD thanks to the EVFTA.
In the first months of 2021, positive signs were still seen in two-way trade despite the record height of the transport fees.
According to the General Department of Viet Nam Customs, in the first six months of 2021, total trade between Viet Nam and the Netherlands hit 4,2 billion USD, up 19.5 percent from the same period last year, accounting for 15 percent of the total trade revenue of Viet Nam with the whole EU.
Economists attributed the preferential tariff from the EVFTA to Viet Nam’s exports to the Netherlands. They affirmed that the prospect is high for the export of consumer goods to the Netherlands as Dutch consumers’ spending is rising.