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.
ALCHEMPro News Desk (DS)
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