Hanoi (VNA) – It is businesses that decidewhether the EU-Vietnam Free Trade Agreement (EVFTA) can bring about economicbenefits, heard a seminar in Ho Chi Minh City on June 6.
Chu Tien Dung, Chairman of the HCM City Union ofBusiness Association, said the agreement’s terms regarding tariff cut andmarket opening have paved the way for businesses.
However, the enterprises’ completion of the settargets depends on their preparations of human and material resources, headded.
The official suggestedthe businesses study commitments, especially those on product origin andtechnical standards, made by Vietnam and partners, in order to get taxincentives.
At the same time, they should scope out foreignmarkets to understand their taste and demand, which can help them makeorientations for their production, he said.
Johnathan Hanh Nguyen, Chairman of IPP Group, pointedto the lack of connectivity between enterprises in utilising opportunities tobe generated by the agreement.
Big firms need to carry forwards their role inassisting smaller ones in the business network, thus promoting joint strengthand bringing into full play incentives of the EVFTA, he said./.
VNA