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Vietnam - EU Trade Forum 2022: Opportunities for Vietnamese businesses to reach out to the world

Vietnam and the European Union (EU) celebrate 30 years of establishing diplomatic relations (November 28, 1990 - November 28, 2020), in the context that the relationship between the two sides has just had an important breakthrough, With the EVFTA Free Trade Agreement taking effect from August 1, 2020. Although the Covid-19 pandemic continues to spread strongly, especially in Europe, both sides still have practical activities to celebrate this important milestone.

What is the potential of Vietnamese enterprises for the EU?

On September 29, 2022, in Ho Chi Minh City, the Ministry of Industry and Trade in collaboration with the Delegation of the European Union to Vietnam and the European Chamber of Commerce in Vietnam (EuroCham) organized the Vietnam - EU Trade Forum. 2022. The goal of the conference is to evaluate the changes after two years of implementing the EVFTA and identify the favorable factors and challenges posed in the coming time.

Viet Air Filters Manufacturing Corporation
Viet Air Filters Manufacturing Corporation

The program was chaired by leaders of the Ministry of Industry and Trade, with the participation of leaders of localities, the Ambassador - Head of the EU Delegation to Vietnam, diplomatic missions of EU member countries in Vietnam, EuroCham, Vietnam Trade Office in European countries, experts, industry associations, and a large number of Vietnamese and European business communities attended in person and on online platforms. The event provides a channel for exchanging information, forecasting growth scenarios, and prospects for expanding cooperation in areas where Vietnam has needs and the EU has strengths.

In 2022, with the active support of the Free Trade Agreement between Vietnam and the European Union (EVFTA). After the social distancing due to the COVID-19 epidemic in the third quarter of 2021, Vietnam's economy rebounded, growing 5.2% in the fourth quarter of 2021 and 6.4% in the first half of 2022.

However, the market faced many challenges such as food security and energy security due to geopolitical tensions in the world and negative impacts due to supply chain disruptions in China. The parties need to promote cooperation to build a more diversified and sustainable supply chain. Multinational corporations reduce their dependence on China, moving part of their production to surrounding countries and Vietnam benefits from this shift.

Southeast Asia Air Filtration Sales Market Share by Country in 2019
Southeast Asia Air Filtration Sales Market Share by Country in 2019

The shift entails the need to build factories for production, among which there is a need to equip industrial air filtration systems or clean rooms for research, pharmaceutical production, and semiconductor links, … creating room for the industrial air purification industry with great potential for the development

This a clear opportunity for Vietfil, as well as other Vietnamese businesses

According to the internal financial report 2021, Vietfil is forecasted to achieve a revenue of 2.5 million USD in the production and supply of air filters for manufacturing enterprises with export standards. to markets such as the EU, Japan, Korea, and the US. Today's Vietnamese businesses are proving their ability in production, or their credibility in professional work towards the high standards required by multinational corporations.

Factory of Viet Air Filters Manufacturing Corporation
Factory of Viet Air Filters Manufacturing Corporation

Viet Air Filters Manufacturing Corporation (VAF) - a pioneer in the industrial air filter manufacturing industry, aims to accompany the common development of Vietnamese enterprises to the world and participate in the forum. to find out information about the European market including trade policies, taxes, trade remedies, competition policies as well as regulations on importing Vietnamese goods to the EU. We are proud to be the leading enterprise in the air purification industry in Vietnam with the first product specializing in filtration and clean room equipment in Vietnam. We are committed to being the go-to place for any organization that needs clean air solutions that meet the most stringent standards.

Get free research on the industrial air filtration industry


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