Thai businesses see Vietnam as gateway to European market
Hanoi, Aug. 18 -- The Ho Chi Minh City office of Thailand's Department of International Trade Promotion (DITP) has encouraged Thai businesses operating in Vietnam to leverage the country as a production base and gateway to the European market, as the EU-Vietnam Free Trade Agreement (EVFTA) enhances the competitiveness of Vietnamese goods. According to the DITP, the EU has eliminated tariffs on around 99% of tariff lines for Vietnamese exports. This advantage can help goods manufactured in Vietnam improve their cost competitiveness in the European market, while creating opportunities for Thai businesses with production operations in the country to benefit from the EVFTA. The DITP recommended that Thai enterprises increase domestic sourcing...
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