Vietnam Ag Exports Seeing Sharp Rise Due to FTA With EU
Vietnamese agricultural exports have increased sharply since the country implemented its free trade agreement with the European Union Aug. 1 (see 2007010009), the Vietnam Trade Promotion Agency said in an Oct. 7 post. Compared with July, Vietnam exports rose by…
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more than 11% in August and by 30% in September, the post said. The country’s agricultural minister called for more standardization among Vietnam’s agricultural producers to further take advantage of the trade deal, the post said. Although Vietnam’s agricultural sector has benefited, its wood sector has struggled due to the COVID-19 pandemic, it said. Wood processors have seen “numerous order cancellations or late payments.”