According to experts, the EU-Vietnam Free Trade Agreement (EVFTA), which took effect from August 2020, has created leverage to promote two-way trade between Vietnam and the EU, significantly helping Vietnamese goods improve competitiveness and expand market share in the EU market.
On August 11, the Vietnam Chamber of Commerce and Industry - Ho Chi Minh City Branch (VCCI-HCM) coordinated with Polish departments in HCMC to organize the Vietnam - Poland Trade Exchange.
A representative of VCCI-HCM said that in 2021, the two-way trade turnover between Vietnam and Poland reached nearly $2.6 billion, up 22 percent over the same period in 2020. Export value from Vietnam to Poland exceeded $2.1 billion, up 17 percent over the same period in 2020, and Vietnam's import value from this market topped $500 million, up 49 percent over the same period.
In the first quarter of 2022, the two-way trade turnover between Vietnam and Poland reached nearly $900 million. Items that account for a large proportion in the structure of Vietnamese export products to Poland include garments, seafood, cereals, coffee, and footwear. Meanwhile, Poland has strengths in pharmaceuticals, dairy products, animal feed, and cosmetics.