The Lenger Viet Nam Seafood Company processes clams for sale in both export and domestic markets. — VNA/VNS Photo Vu Sinh Viet Nam saw strong import-export recovery in the first quarter, estimated at US$152.65 billion, up 24.1 per cent year-on-year, said an industry and trade official. Tran Thanh Hai, deputy director of the Agency of Foreign Trade under the Ministry of Industry and Trade, said: "Viet Nam has been making good use of the new-generation FTAs that have taken effect, such as the EU-Viet Nam Free Trade Agreement (EVFTA), the UK-Viet Nam Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)." The country saw exports jump by 22 per cent year-on-year in the first quarter, according to Hai. He said that exporters should continue to innovate and improve production to take advantage of the new-generation FTAs. The Regional Comprehensive Economic Partnership (RCEP) is also about to take effect, which will help to boost exports as well, he noted. Prior to the EVFTA taking effect in June 2020, exports to the EU market were $29.44 billion in the first three quarters of 2020, down 4.7 per cent over the same period in 2019. But only three… Read full this story
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