In the first six months of 2021, trade between Vietnam and the Netherlands hit $4.2 billion—up by 19.5 per cent from the same period last year—accounting for 15 per cent of total trade revenue of Vietnam with the European Union (EU), according to the general department of Vietnam customs. Economists foresee high prospects of export of consumer goods to the Netherlands.

Economists attributed the preferential tariff from the EU-Vietnam Free Trade Agreement (EVFTA) to this figure.

According to the Vietnamese office for trade affairs in the EU, a large volume of Vietnamese goods exported to the Netherlands is re-directed to other European countries.

Meanwhile, the Dutch government and investors have shown interest in partnering with Vietnam in trade, industry and energy, according to a news agency report.

Government statistics show the Netherlands is the biggest export market of Vietnam in the EU and the largest European investor in Vietnam.

Last year, despite COVID-19, two-way trade still rose by 1.5 per cent year on year to over $7.7 billion because of the EVFTA. In the first few months of this year, positive signs were seen in two-way trade despite a record hike in transport fees.

By Fibre2Fashion
https://www.fibre2fashion.com/news/international-textiles-trade-news/vietnam-netherlands-trade-hit-4-2-bn-in-1st-6-months-of-2021-276596-newsdetails.htm