Continuously welcome the happy signals
Right after the EVFTA took effect, consecutively Vietnam's agricultural products such as rice, fruit, coffee, shrimp ... were exported to Europe (EU) and initially benefited according to the commitments of the Trade Agreement. Vietnam-EU free trade (EVFTA). Specifically, in more than 1 month of EVFTA implementation, the positive effects have spread to the rice export industry. The price of Vietnam's rice exports to the EU market has increased popularly from 80-200 USD / ton depending on type compared to the time before EVFTA took effect. Data from the General Statistics Office shows that Vietnam's rice export value in August to the EU market reached more than 1.2 million USD, up 93.5% compared to July and up 35.6%. compared to the same period last year. In the first eight months of 2020, rice exports to the EU will reach over 15,800 tons of rice, with a value of approximately $ 8.5 million. Rice exports, including fragrant rice to the EU from now to the end of the year are expected to continue to increase despite the impact of the COVID-19 epidemic.
According to the Ministry of Agriculture and Rural Development, the export of some Vietnamese branded rice products to the EU market is not only the initial success of the enterprise itself, but also a milestone of commercial rice products. Vietnam brand officially enrolled in the international market. In addition to rice, Vietnamese fresh fruits and vegetables are also assessed to have been open to the EU since EVFTA officially came into effect. Currently, the EU is currently the fourth export market for Vietnamese fruits and vegetables. With this existing foundation, plus the import tax exemption and reduction as committed in EVFTA is helping to increase the competitiveness of Vietnamese fruits compared to other countries such as Thailand, Indonesia, China, Malaysia ... Notably. Note, data of the General Statistics Office shows that the export value of Vietnam's fruit and vegetable products to the EU market in August reached US $ 14.7 million, an increase of over 25% compared to the previous month and 6% higher than the same period last year.
Coffee products are also considered to increase the value of exports to the EU market in the near future when the tax rate is reduced from 15% to 0%. The EU is currently the market consuming the most coffee in Vietnam, accounting for 40% of the total volume and 38% of the total export value of the country (average coffee export value to the EU is 1.2-1. , $ 4 billion / year for the past 5 years). In August, the value of Vietnam's coffee exports to the EU reached $ 76 million, up nearly 35% from the previous month.
Besides, out of 39 geographical indications of Vietnam committed by the EU to protect when EVFTA is officially put into effect, there are Buon Ma Thuot coffee. Experts say that this is a huge competitive advantage for the Vietnamese coffee industry with competitors in the EU market.
The Association of Seafood Exporters and Producers (VASEP) also said that, thanks to the positive impact from the EVFTA Agreement, Vietnam's shrimp exports to the EU in August 2020 recorded a growth of 15.7%, reaching 58.8 million USD, the highest growth rate since the beginning of this year. In which, shrimp exports to the Netherlands and Belgium grew by 15% and 41% respectively over the same period last year. In the first 8 months of 2020, shrimp exports to the EU reached USD 313.7 million. So far, the EU is the fourth largest shrimp importer of Vietnam after the US, Japan and China, accounting for 13.6% of the total shrimp export value of Vietnam.
According to the Ministry of Agriculture and Rural Development, in the short future from now to the end of 2020, the export of many billion USD of agricultural products such as coffee, fruit, rice, shrimp ... to the EU will continue to increase. good growth. Even in the further future, the EU is still a fertile land for Vietnamese agricultural products to "dig" when this market has a large demand for imports of agricultural, forestry and aquatic products, accounting for 8.4% of the total value. annual import prices.
Increase export of advantageous commodity groups
The EU is the second largest import market in the world, accounting for 14.9% of total global imports. This is also the second largest export market of Vietnam, however, Vietnamese goods only account for about 2% of the EU's import market share. Therefore, the room to increase exports to the EU market is still very large. Policy makers and economists expect, in the first 5 years of implementing the EVFTA Agreement, Vietnam's exports to the EU will increase by about 20% by 2020; 42.7% in 2025 and 44.37% in 2030.
The EU is the second largest export market of Vietnam's agricultural product industry. To promote the export of agricultural products in the coming time, the Ministry of Agriculture and Rural Development said it would focus on making use of each group of export markets, including the narrowest gaps from time to time. In particular, the Ministry will promote to take advantage of opportunities from the EVFTA Agreement to increase exports of advantageous and appropriate commodity groups in the context of COVID-19 such as rice, fruit, fisheries, forestry ...
According to economic experts, rice is one of the commodities with great potential for export to the EU when EVFTA comes into effect. In 2019, Vietnam exported 50 thousand tons of rice to the EU, with a turnover of € 28.5 million; while the EU imported a total of about 2.3 million tons of rice with a turnover of 1.4 billion euros. Compared to other ASEAN countries, rice exports.
