After more than a year implementing the EU-Vietnam Free Trade Agreement (EVFTA), the competitiveness and market share of Vietnamese goods in the European Union market have both improved remarkably. Vietnam has also risen to become the EU's largest goods trading partner in the ASEAN region.

Despite being a new generation Free Trade Agreement with high standards and extensive commitments, one year since its implementation, the EVFTA has brought about fruitful results to many export industries of Vietnam and it is also an FTA best utilised by Vietnamese enterprises.

Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect, Vietnam's leather and footwear exports to the EU market have grown. It is notable this is one of the industries that makes the best use of tariff preferences in the EVFTA by meeting the provisions of the respective rules of origin of goods in the agreement.