Business

EU hopes FTA with Vietnam to be implemented as scheduled

EU Ambassador to Vietnam Bruno Angelet said he hopes the EU-Vietnam Free Trade Agreement (EUVFTA) will be implemented in early 2018 as committed by the two sides.
EU hopes FTA with Vietnam to be implemented as scheduled ảnh 1EU Ambassador to Vietnam Bruno Angelet (Photo: laodong.com.vn)

Hanoi (VNA) – EU Ambassador to Vietnam Bruno Angelet said he hopes the EU-Vietnam Free Trade Agreement (EUVFTA) will be implemented in early 2018 as committed by the two sides, despite the British’s vote to leave the EU.

Speaking to the press in Hanoi on June 28, the Ambassador said he regretted the outcome of the recent Britain’s referendum on leaving the EU.

This could affect Vietnam, he said, adding that it is however still early to consider the level of influence.

As Vietnam and the EU have concluded negotiations on the bilateral free trade agreement, and are reviewing legal documents and translating the contents of the pact, the EU and Vietnam’s Ministry of Industry and Trade will push ahead with technical cooperation in the coming time to complete the aforesaid tasks, he noted.

The diplomat said he hopes the signing of the bilateral FTA will take place next year so that it could be implemented in early 2018 as scheduled.

The EU is ranking third among countries and territories investing in Vietnam, while Vietnam is leading ASEAN in exporting to the EU, he said, pledging that he will do his utmost to call for more investment in the Southeast Asian country.-VNA

VNA
#EU-Vietnam Free Trade Agreement #EUVFTA #EU Ambassador to Vietnam Bruno Angelet #Brexit #investment European Union
Follow VietnamPlus

Related News

Vietnam-a potential market for EU exports

Vietnam-a potential market for EU exports

Vietnam’s 90 million consumers and increasing number of middle-class households nake it a potential market for agricultural, industrial and service products from the European Union (EU).
EU, Vietnam boost trade relations

EU, Vietnam boost trade relations

European parliament members, experts and business representatives gathered in Brussels on April 27 to discuss ways to boost EU-Vietnam trade relations.

See more

A vessel docks at Hai Phong Port ready to be loaded with containers. (Photo: VNA/VNS)

Vietnam's port firms thrive in 2024

According to the Vietnam Maritime Administration, the total cargo volume through the nation's port system reached approximately 864.4 million tonnes, up 14% year-on-year. Container throughput was estimated at 29.9 million TEUs, reflecting a 21% rise.

THACO Chairman Tran Ba Duong (Photo: VNA)

THACO targets sales of over 100,000 vehicles in 2025

In 2025, THACO will continue to expand the scale of investment in all six key production and business sectors including automotive, agriculture, mechanical engineering and supporting industries, investment - construction, trade – services, and logistics.

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday. (Photo: VNA)

HCM City: Nearly 1 million workers back to work after Tet holiday

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday, reaching 85.33% of their total workforce, according to the municipal Labour Federation.

Prime Minister Pham Minh Chinh (centre, first row), and leaders of Binh Duong province handover investment certificates to enterprises. (Photo: daibieunhandan.vn)

Binh Duong lures additional 1 billion USD of investment

Seven foreign-invested projects, with a total registered capital of 1 billion USD in the southern province of Binh Duong have been granted in-principle approval and investment certificates at a recent meeting held by the provincial People's Committee.