The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders.
The sector will become more attractive to European investors than ever before as Vietnam has pledged to allow them to hold up to 49 percent of charter capital at two Vietnamese banks. The maximum rate of foreign ownership is now capped at only 30 percent.
The offer will be applicable to only joint stock banks, excluding BIDV, Vietinbank, Vietcombank and Agribank, in five years./.
The recent ratification of the European Union-Vietnam Free Trade Agreement (EVFTA) by the European Parliament (EP) is expected to help with the market expansion of Vietnamese farm produce, including fruits and vegetables, in the face of the coronavirus outbreak disease (COVID-19), according to insiders.
The recently ratified EU-Vietnam Free Trade Agreement (EVFTA) is likely to accelerate trade between Vietnam and Poland, according to International Business Times.
The European Parliament’s approval of the EU-Vietnam Free Trade Agreement (EVFTA) marks the start of a new era with significance meaning in the trade ties between Vietnam and EU members, according to an Italian expert on Vietnam.
The EU-Vietnam Free Trade Agreement (EVFTA) will create opportunities for Japanese companies to continue expanding operations in Vietnam and boost exports to the EU, according to chief representative of the Japan External Trade Organisation (JETRO) in Hanoi Takeo Nakajima.
The recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) by the European Parliament (EP) is a major success after more than nine years of negotiations, according to David Jarkulisch, an economic diplomat from the Czech Republic.
The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders.
Vietnam’s wood exports to the European Union (EU) is likely to reach 1 billion USD after the recently ratified EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to market watchers.
Minister of Industry and Trade Tran Tuan Anh on February 26 asked relevant departments and agencies to optimise commitments in the European Union – Vietnam Free Trade Agreement (EVFTA) which will take effect later this year.