The National Assembly has begun scrutinising a plan to adopt the hallmark EU-Vietnam Free Trade Agreement (EVFTA), marking a milestone in the process of translating the deal into reality.
Business and investment opportunities in Vietnam after the COVID-19 pandemic were discussed at a video talk held on May 29 by the Foreign Ministry, the Vietnamese Embassy in the UK and Asia House - a UK centre of expertise on trade, investment and public policy in Asia.
A new period of EU investment development in Vietnam is right around the corner, as the historic EU-Vietnam Free Trade Agreement (EVFTA) is expected to be adopted by the National Assembly early next month.
The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) are expected to create new momentum for the comprehensive cooperative partnership between the two sides, Vice Spokesman of the Ministry of Foreign Affairs Doan Khac Viet has said.
VOV.VN - The impending European Union - Vietnam Free Trade Agreement (EVFTA) is poised to provide fresh impetus to the local economy, especially in the context of the nation making great strides to revive its economic outlook in the period following the novel coronavirus (COVID-19), according to insiders.
The Vietnam Chamber of Commerce and Industry (VCCI) said on May 27 it is actively promoting the dissemination of the EU-Vietnam Free Trade Agreement (EVFTA) among the country’s business community, helping them grasp opportunities and access incentives when the deal is implemented.
VOV.VN - With tax incentives given, new-generation Free Trade Agreements (FTAs) Vietnam has signed are expected to open up a wealth of opportunities for the garment and textile industry to attract foreign direct investment (FDI) to develop local supply chains, according to insiders.
VOV.VN - The country’s shrimp exports during April enjoyed an increase of 5.8% to US$244.2 million, boosting the total export turnover during the opening four months of the year by 2.9% on-year to US$872.8 million, whilst shrimp exports are expected to continue their growth into May, according to the Vietnam Association of Seafood Exporters and Producers.
The Ministry of Industry and Trade (MoIT) is planning to increase the number of training courses on trade remedies for the domestic production industry.
VOV.VN- The EU-Vietnam Free Trade Agreement (EVFTA) will require Vietnamese businesses to overcome their own barriers in order to fully participate in the trade deal and enjoy its benefits, Nguyen Dinh Cung, former Director of the Central Institute for Economic Management (CIEM), has stated.
The World Bank (WB) has predicted that the EU-Vietnam Free Trade Agreement (EVFTA) could help Vietnam’s GDP and exports grow 2.4% and 12%, respectively, by 2030, the Ministry of Industry and Trade (MoIT) has reported.
VOV.VN - Up to 99% of tariff lines with partner countries are poised to be eliminated over the course of the 10-year roadmap set out in new-generation trade pacts such as the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the Ministry of Industry and Trade.
VOV.VN - Businesses and management agencies should be fully aware of the regulations and rights included within the EU-Vietnam Free Trade Agreement (EVFTA) before the trade deal fully comes into effect.
VOV.VN - Deputy Prime Minister and Foreign Minister Pham Binh Minh affirmed Vietnam’s willingness to share experience and coordinate with Ireland to enhance medical capacity in response to the COVID-19 pandemic and offer mutual support in citizen protection.
Japanese daily Nihon Keizai ran an article on May 20 saying that the EU-Vietnam Free Trade Agreement (EVFTA), to be ratified by Vietnam’s legislature shortly, will benefit not only the two signatories but also businesses from other countries.
VOV.VN - Vietnam’s exports to foreign markets have suffered a dramatic downturn since April as a result of the negative economic impact caused by the novel coronavirus (COVID-19) pandemic, after recording positive growth throughout the first quarter of the year, according to the Ministry of Industry and Trade.
VOV.VN - The impending Vietnam-EU Free Trade Agreement (EVFTA) is believed to help boost the nation’s GDP by an average of between 2.18% and 3.25% over the course of its opening five years, followed by between 4.57% and 5.30% over the subsequent five years, and between 7.07% and 7.72% in the third five-year period.
VOV.VN - There is high hope that the Vietnam-EU Free Trade Agreement (EVFTA) would offer a boost to export activities, especially among the country’s key industries such as garments and textiles, footwear, along with agricultural and aquatic products once the trade deal officially comes into force.
VOV.VN - The 14th National Assembly (NA) convened for their ninth session in Hanoi on May 20, with the event set to last for 19 days with two phases, during which members will consider and approve resolutions on a range of important issues, including those related to the adoption of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA).
VOV.VN - Vietnamese and Italian Foreign Ministers held phone talks on May 19, discussing measures to control the COVID-19 epidemic and strengthen bilateral and multilateral cooperation between the two countries.