EVFTA, EVIPA deepen Vietnam-EU trade ties: seminar

The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) will help promote the comprehensive partnership and trade relations between Vietnam and the EU, as heard a seminar held in Brussels on June 24.

Tuesday, June 25, 2019 08:52

EVFTA, EVIPA deepen Vietnam-EU trade ties: seminar ảnh 1

At the seminar held by the EGMONT- the Royal Institute for International Relations in collaboration with the EU-Vietnam Business Network on June 24 (Photo: VNA)

Brussels (VNA) – The EU-Vietnam Free Trade Agreement (EVFTA) and theEU-Vietnam Investment Protection Agreement (EVIPA) will help promote thecomprehensive partnership and trade relations between Vietnam and the EU, asheard a seminar held in Brussels on June 24.

The event, organised by the EGMONT- the Royal Institute for InternationalRelations in collaboration with the EU-Vietnam Business Network, took place inthe context that both sides are accelerating the signing of the two tradepacts, hoping that they will be inked by the end of this month.

In his remarks, Vietnamese Ambassador to Belgium and head of the Vietnamesemission to the EU Vu Anh Quang stressed that Vietnam has worked to meetcommitments related to labour standards stipulated in the EVFTA.

The EVFTA and the EVIPA are ambitious trade deals between the EU and adeveloping nation based on legal regulations, he said, adding that under theEVFTA, 99 percent of tariff lines will be removed, and many other non-tariffbarriers will be reduced for both sides, while the EVIPA helps protect andenhance EU investments in Vietnam, making the Southeast Asian country become aproactive trade and investment hub of the EU firms in the region.

Scholars at the event said that commitments under the two deals are importantto improve the market mechanism and investment climate with a view tofacilitating business of EU enterprises. Thus, they agreed that the two pactsare considered as important legal frameworks to bolster trade and investment relationsbetween the two sides.

Some EU firms who have run successful business in Vietnam shared theirinvestment experience, and discussed attractive trade opportunities in themarket.

As one of the fastest growing economies in Southeast Asia, Vietnam has become apromising destination for European businesses. Both Vietnam and the EU haveseen huge potential in trade exchange across the field of automobile,industrial machine, sewage treatment, food & beverage, pharmaceuticals,garment and textiles, among others.-VNA

VNA

#EU-Vietnam Free Trade Agreement (EVFTA) #EU-Vietnam Investment Promotion Agreement (EVIPA) #comprehensive partnership #trade relations #Vietnam #EU #seminar #EGMONT- the Royal Institute for International Relations #EU-Vietnam Business Network #tariff lines #non-tariff barriers #Vietnam News Agency #Vietnamplus European Union

See more

Exporters diversify orders to reduce reliance on single market

16/05/2025 01:29

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A customer buys petrol at a station in Hanoi. (Photo: VNA)

Government proposes 2-pp VAT reduction on select goods and services until 2026

16/05/2025 00:09

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

A roundtable discussion with Francophone businesses interested in investing and doing business in Vietnam, Paris, May 14. (Photo: VNA)

Francophone businesses ready to embrace new investment opportunities in Vietnam

15/05/2025 19:22

Many Francophone businesses expressed interest in upcoming opportunities and outlined their expectations for deeper cooperation and future investment in Vietnam.

Spokeswoman of the Ministry of Foreign Affairs Pham Thu Hang (Photo: VNA)

Vietnam, US hold conductive trade negotiations: Spokesperson

15/05/2025 18:37

She affirmed that Vietnam has been actively and proactively promoting balanced and sustainable trade and investment cooperation with the US on the basis of effectiveness, frankness, equality, mutual respect, and mutual benefit.

Petrol prices up in latest adjustment

15/05/2025 15:40

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Harvest season in Can Tho city. Vietnam is projected to become the world’s second – largest rice importer in 2025-26. (Photo: VNA)

Vietnam forecast to become world’s second-largest rice importer by 2025–26

15/05/2025 15:25

Vietnam’s rice exports reached a record 9.04 million tonnes in 2024, up 11 percent year-on-year, with an increase of 21% in value to reach 5.7 billion USD. Meanwhile, rice import totalled 3.7 million tonnes last year.

Delegates at the groundbreaking ceremony. (Photo: VNA)

Ba Ria-Vung Tau: New phase of luxury resort project kicks off

15/05/2025 15:20

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.

At the forum held by the Dan viet newspaper (Photo: VNA)

High-speed rail project spurs call for domestic supply chain development: Forum

15/05/2025 14:35

Only about 20 Vietnamese companies can nearly meet the technical, technological, and financial requirements of the demanding North-South high-speed rail project.

Deputy Director of the Department of Taxation Dang Ngoc Minh (centre) at the working session with Deputy Assistant Secretary for International Tax Affairs at the US Department of the Treasury Rebecca Burch. (Photo: VNA)

Vietnam, US conduct technical talks on double taxation avoidance deal

15/05/2025 11:28

As of April 30, 2025, Vietnamese investors injected 1.36 billion USD in 252 projects in the US, mainly in scientific and technological services, real estate business, and manufacturing and processing industries.

High-quality robusta coffee of the Central Highlands (Photo: VNA)

Quality, branding, sustainability essential for Vietnamese coffee to go global: Insiders

15/05/2025 10:18

With proactive business measures, market expansion policies, and improved product quality, Vietnam's coffee industry is still expected to achieve export turnover of around 7 billion USD in 2025.

Reference exchange rate down 30 VND on May 15

15/05/2025 09:14

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,219 VND/USD and the floor rate 23,722 VND/USD.

As of the end of March, nearly two million households and individual business owners nationwide were still paying taxes under the lump-sum method. (Photo: VNA)

Abolishing presumptive tax ensures greater fairness and transparency: experts

15/05/2025 08:40

Under the Politburo's Resolution 68-NQ/TW, the presumptive tax model is to be completely phased out by 2026. The goal is to narrow the financial and accounting gap between household businesses and micro or small enterprises, and to gradually transition household businesses into entities with proper governance structures.

Trucks carry imported/exported goods at Huu Nghi border gate in the northern province of Lang Son. (Photo: VNA)

New Vietnam-China int'l road transport route opens

15/05/2025 04:08

Compared with previous routes, the new corridor saves each truck approximately one day in transport time and reduces costs up to 1,000 CNY (over 138 USD).

The 2025 Vietnam International Electronics and Smart Appliances Expo (IEAE) will be held in HCM City from May 29 to 31. (Illustrative photo: ieae.com.vn)

HCM City to host int'l electronics, smart appliances expo

15/05/2025 01:22

Spanning over 10,000 s.q.m, the exhibition will gather more than 350 enterprises from Vietnam and China. It will showcase a wide range of products across the consumer electronics and smart home appliance sectors, offering direct access to manufacturers and promoting trade links.