|National Assembly Chairwoman Nguyen Thi Kim Ngan (R) and European Commissioner for Trade Cecilia Malmstrom.
At the reception, Ngan and her guest compared notes on the signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA).
The top Vietnamese legislator greatly valued the role of the EU and the trade official in accelerating the signing of the two agreements.
The European trade official highlighted the signing as a great stride in Vietnam-EU ties which helps foster the bilateral partnership and all-around cooperation in the time ahead.
With the two deals, both sides hope the bilateral relations will flourish based on the implementation of joint commitments with a major focus on trade and investment.
They wish to step up cooperation in free and sustainable trade to deliver common benefits to their peoples and businesses.
The signing marked an important historical milestone, she said, stating that the EU will continue supporting Vietnam in carrying out the follow-up work pertaining to the agreements.
Malmstrom also hailed the role of Vietnamese leaders in the negotiations of the two agreements while emphasizing the importance of implementing the pacts, including a programme on trade and sustainable development so as to bring practical benefits for employees and locals.
NA Chairwoman Ngan said at the working session of the NA at this year’s end, the legislature will conduct the ratification of the EVFTA and continue revamping the legal system to facilitate the implementation of the two deals.
The two trade pacts will help take bilateral relations to new heights and open up plenty of cooperation opportunities for their businesses.
She expressed her confidence that after being approved and implemented, the two agreements will bring practical benefits to Vietnamese and EU peoples, businesses, and investors.
The two sides agreed that the maintenance of dialogues is important not only for the process of realizing the agreements but also deepening the bilateral cooperative ties within the framework of the EU-Vietnam Comprehensive Partnership and Cooperation (PCA).
Vietnamese and EU relevant agencies will work hand in hand to prepare next steps to submit to the Vietnamese National Assembly and the European Parliament (EP) for early ratification.
The common perception of Vietnam and the EU is augmenting cooperation for mutual benefits as well as for global prosperity, Ngan said.
|Vice President Dang Thi Ngoc Thinh (R) and European Commissioner for Trade Cecilia Malmstrom.
Receiving European Commissioner for Trade Cecilia Malmstrom the same day, Vice President Thinh thanked the EU official for her efforts in speeding up the signing of the EU – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA).
Vietnam has make every effort to push ahead with international economic integration, Thinh said whilst voicing her hope that the country will receive more support and closer coordination from the EU so that the two pacts will soon become effective, bringing a wealth of opportunities and practical benefits to people and businesses of both sides.
Malmstrom, in turn, described the signing of the two trade deals as a historical milestone, showing that their close cooperation between the two sides has been elevated a higher level.
She expressed her wish for more effective collaboration in the time ahead once the free trade agreement and the investment protection agreement between Vietnam and the European Union (EU) are put into place.
The free trade agreement and the investment protection agreement between Vietnam and the European Union (EU) were officially signed in Hanoi on June 30 afternoon, in the witness of Prime Minister Nguyen Xuan Phuc, National Assembly and government officials of Vietnam and EU leaders.