The top legislator highly valued the role of the EU and the trade official in promoting the signing of the two agreements.
Malmstrom said the signing shows remarkable progress in the relations between Viêt Nam and the EU which helps reinforce the bilateral partnership and comprehensive cooperation.
With the two pacts, the two sides hope bilateral relations will reach further based on the implementation of joint commitments focusing on trade and investment.
The signing marked an important historical milestone, she said, adding that the EU will continue supporting Viêt Nam to implement the follow-up work related to the agreements.
Malmstrom stressed the importance of implementing the pacts, including the programme on trade and sustainable development, to bring benefits for employees and locals.
Chairwoman Ngân said at the working session of the NA at this year’s end, the legislature will conduct the ratification of the EVFTA and continue improving the legal system to implement the two deals.
She said the two trade pacts will help elevate the bilateral relations to a new height and open up numerous cooperation opportunities for their businesses.
The top legislator said she believed that after being ratified and implemented, the two agreements will bring benefits for Vietnamese and EU peoples, businesses, and investors.
The two sides agreed that the maintenance of dialogue is important not only in the process of implementing the agreements but also deepening the cooperative ties within the framework of the EU-Viêt Nam Comprehensive Partnership and Cooperation (PCA).
Viêt Nam and EU’s relevant agencies will closely work together to prepare the next steps to submit to the Vietnamese NA and the European Parliament for early ratification.
Chairwoman Ngân said that the common perception of Viêt Nam and the EU is enhancing cooperation not only for the benefits of the two sides, but also for the world’s prosperity.
Later the same day, Malmstrom met Vietnamese Vice President Đặng Thị Ngọc Thịnh.
Source: VNS
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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