AFP, Hung Yen :
With the signing of the EU-Vietnam free trade agreement on Sunday, Christmas has come early for holiday card-maker Dang Trong Trung who says business could double with duty-free access to European markets.
The long-awaited deal inked in Hanoi on Sunday will eventually slash duties on 99 percent of Europe’s imports from Vietnam once the agreement is ratified.
That’s likely to mean big business for Trung’s Anh Duc packaging company in Hung Yen province near Hanoi.
His firm makes greeting cards, gift tags and paper and plastic bags, with $2 million in goods – about 60 percent of all their exports – destined for European markets.
“I hope in the next few years that export quantity and value will double,” Trung told AFP at his warehouse where a fresh batch of German Christmas cards featuring reindeer and snow-frosted pine trees were being printed.
Vietnam’s biggest exports today are textiles, shoes, and electronics such as smartphones and computer parts.
With the signing of the EU-Vietnam free trade agreement on Sunday, Christmas has come early for holiday card-maker Dang Trong Trung who says business could double with duty-free access to European markets.
The long-awaited deal inked in Hanoi on Sunday will eventually slash duties on 99 percent of Europe’s imports from Vietnam once the agreement is ratified.
That’s likely to mean big business for Trung’s Anh Duc packaging company in Hung Yen province near Hanoi.
His firm makes greeting cards, gift tags and paper and plastic bags, with $2 million in goods – about 60 percent of all their exports – destined for European markets.
“I hope in the next few years that export quantity and value will double,” Trung told AFP at his warehouse where a fresh batch of German Christmas cards featuring reindeer and snow-frosted pine trees were being printed.
Vietnam’s biggest exports today are textiles, shoes, and electronics such as smartphones and computer parts.
