VOV.VN - The EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement are comprehensive and high-quality deals that would bring about equal benefits to both Vietnam and the EU, according to the Ministry of Industry and Trade.
The EU-Vietnam Free Trade Agreement (EVFTA) is expected to put pressure on Vietnamese enterprises to increase their competitiveness in order to make inroads into the European market.
Tariffs on imported products including fruit and frozen foods from six member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be reduced to zero backdated to January 14 this year to 2022.
Goods from China are expected to come flooding in as Vietnam will soon remove or cut tariffs on a wide range of products to fulfill its commitment as a member the ASEAN-China Free Trade Area.
Vegetables, fruits and seafood are expected to benefit much from the Trans-Pacific Partnership (TPP) agreement despite concerns that agriculture will be one of the most vulnerable sectors.
Vietnam’s husbandry sector has begun to feel the heat from the ASEAN Economic Community establishment, expected to prompt a rise in foreign foodstuff imports and livestock investment.
With a total of 23,516 cars shipped to Vietnam in the first 11 months, up 84%, Thailand is now the biggest auto seller in the country, local media reported recently, citing new customs data.
(VOV) -A free trade agreement between Vietnam and the Republic of Korea (RoK) is set to come into effect on December 20, 2015, reports the Ministry of Planning and Investment.
Vietnam spent US$1.1 billion on auto imports during the first 10 months of the year, nearly doubling 2013's figure and registering the highest level over the last five years.