Impact of the EU: Vietnam Free Trade Agreement (EVFTA) on Agricultural Product Export Enterprises in Vietnam

Abstract

New-generation free trade agreements (FTAs) have promoted Vietnam's international integration process and brought many opportunities for Vietnamese exporters. Agricultural products are most affected when implementing new-generation FTAs. Impacts can include both positive and negative effects. The objective of this article is to analyze some of the impacts of the FTA between the EU and Vietnam on Vietnam's agricultural export enterprises after the agreement is signed. Research results show that the FTA has increased the import and export volume of agricultural products, and some of the strengths of Vietnamese agricultural products have also increased. Research results also show that when participating in FTAs, if businesses do not adapt in time, they will be left behind. At the same time, the paper also provides recommendations and solutions for enterprises and enterprises exporting agricultural products to Vietnam and the state to take advantage of and limit the negative impacts of FTAs.
 
 Received: 1 November 2022 / Accepted: 29 December 2023 / Published: 5 January 2023

Comparative advantage of Num-mango industry in Vinh Long, Vietnam

“…The mango industry has significant impacts from free trade agreements (FTAs), such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Europe-Vietnam Free Trade Agreement (EVFTA), and the United Kingdom-Vietnam Free Trade Agreement (UKVFTA). If the increase in mango exports can be attributed to the establishment of the ASEAN Economic Community (AEC), it is probable that a Free Trade Agreement (FTA) will be put into effect among ASEAN member countries (Thang (2018); Brian et al (2021)). It can be seen that Vietnam's free trade agreement (FTA) partners do not impose taxes on the exportation of fresh mangoes or products derived from mangoes.…”