The ministry attributed the results to the EU-Vietnam Free Trade Agreement (EVFTA), which took effect more than a year ago, according to Vietnamese media reports.
The export revenue of products using the EU certificate of origin reached about $7.8 billion. A fifth of local enterprises have taken export tax incentives from the EVFTA with that certificate. For shipments to the EU worth less than €6,000, local enterprises are allowed to self-certify origin. This helps ensure smaller businesses do not have to spend time applying for such certification, while still being able to enjoy tax incentives.
Fibre2Fashion News Desk (DS)
20251212121144.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
