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EU, Vietnam to ratify “ambitious” EVFTA by end of 2019: HSBC

EU, Vietnam to ratify "ambitious" EVFTA by end of 2019: HSBC

It is estimated that the EU-Vietnam FTA (EVFTA), the “most ambitious” FTA the EU has ever concluded with a developing country, will add 0.1 percentage point (ppt) on average to Vietnam’s real GDP growth each year based solely on its trade impacts.

Potential impact of EU-Vietnam FTA

Potential impact of EU-Vietnam FTA

The EU-Vietnam Free Trade Agreement (EVFTA), which is going to be signed in 2018, will boost Vietnam’s GDP by US$3.2 billion by 2020, US$6.7 billion by 2025, and US$7.2 billion by 2030.

Vietnam-EAEU deal to triple trade revenue

Vietnam-EAEU deal to triple trade revenue

Trade revenues between Vietnam and the Eurasian Economic Union (EAEU) are expected to increase to US$10-12 billion by 2020, after a free trade agreement between the two sides takes effect in 2016.

New law set to strongly assist SMEs

New law set to strongly assist SMEs

The law on support to small- and medium-sized enterprises (SMEs), which is being drafted, is set to facilitate the development of the firms making up 97% of the businesses in Vietnam.