In 2019, after signing a charter flight project from Nanning to Ho Chi Minh, Fafalux has provided quality services to the Vietnam factories of Xiaomi, Samsung, Lenovo and other enterprises. Fafalux continues to accumulate experience, broaden resources, with many years of project experience, the Vietnam project has achieved outstanding results.
Since 2020, Vietnam’s congress passed EVFTA and EVIPA. It has been become the second ASEAN country signing the free trade agreement with EU after Singapore. EU is now Vietnam’s forth largest trading partner, while Vietnam is the second largest trading partner of EU. The effectiveness of EVFTA will furthermore increase the import/export tradings of Vietnam,investments from EU and GDP of Vietnam. Yet, EVFTA is strict on country of origin principle. High tech standard and labour environment standard will provide challenges and business opportunities to Vietnam.