The EU is Việt Nam’s second-largest export market, accounting for 17 per cent of its total exports. Since Việt Nam’s exports to the EU make up just 2 per cent of the bloc’s total imports, there is huge space for the country to boost shipments. Two-way trade has shot up over recent years, with Vietnamese exports primarily being furniture, telephones, machinery, and footwear, while the EU’s exports are mainly aircraft, machinery, pharmaceuticals, and electrical equipment.
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