Vietnamplus

Vietnam has undergone profound changes since first opening its doors to FDI more than 30 years ago.

The opening of the domestic market as committed in the EU – Vietnam Free Trade Agreement (EVFTA) will lead to the strong penetration of foreign businesses to expand their retail chains in the country.

The ninth session of the 14th National Assembly (NA) wrapped up in Hanoi on June 19 after 19 working days in a spirit of solidarity, democracy, responsibility, and active contribution.

Trade and investment relations between Vietnam and the UK are to benefit from the EU-Vietnam Free Trade Agreement (EVFTA), according to Trade Counsellor at the Vietnamese Embassy in the UK Nguyen Canh Cuong.

Diplomatic notes informing about Vietnam’s ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) were presented to the EU Delegation to Vietnam on June 18.

Industrial real estate is expected to be a highlight in Vietnam, especially after the EU-Vietnam Free Trade Agreement comes into being, analysts have said.

Quality standards, rules of origin, and legal aspects are said to be among the barriers Vietnamese businesses will have to overcome to gain a foothold in the European market under the EU-Vietnam Free Trade Agreement (EVFTA).

The EU-Vietnam Free Trade Agreement is a good opportunity for Indian investors, in Vietnam, Vietnamese Ambassador to India Pham Sanh Chau said at an online conference on June 12.

Vietnamese Trade Counsellor to Germany Bui Vuong Anh has outlined important notes for domestic enterprises to make the most of the EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam is now ready for implementing the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA), Spokeswoman of the Foreign Ministry Le Thi Thu Hang has said.

The recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) by the National Assembly, along with the decision by the European Parliament (EP) to adopt the two agreements, confirms the desire and determination of the two parties to further deepen bilateral relations 30 years after establishing diplomatic ties, according to Deputy Foreign Minister Bui Thanh Son.

Market operation is a decisive factor for Vietnam if the country is to make full use of the advantages brought about by the EU-Vietnam Free Trade Agreement (EVFTA) and lure foreign investment effectively, experts say.

Vietnam’s business community has a spring in its step now the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) were officially ratified by the National Assembly on June 8.

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to provide a host of opportunities to Vietnamese enterprises to bolster their exports, but they must also meet strict requirements in order to fully capitalise on the deal, insiders have said.

Major newspapers of German and Austria ran articles on June 8 highlighting the Vietnamese National Assembly (NA)’s ratification of the EU-Vietnam Free Trade Agreement (EVFTA) during its ongoing ninth session.

The ninth working day of the 14th National Assembly (NA)’s ninth session on June 8 was marked with the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA), along with the country’s membership of the International Labour Organisation (ILO)’s Convention 105.

Minister of Industry and Trade Tran Tuan Anh and EU Trade Commissioner Phil Hogan reached consensus on the point of time for the EU-Vietnam Free Trade Agreement (EVFTA) to take effect, during their phone talks on June 8.

Experts have suggested Vietnamese enterprises improve product quality standards to overcome barriers imposed by the fastidious yet promising EU market, thus optimising the advantages to be generated from the EU-Vietnam Free Trade Agreement (EVFTA).

Many business owners in the southern province of Dong Nai, a major industrial hub in Vietnam, have expressed delight at the National Assembly (NA) ratifying the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA) on June 8.

The EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA), which were ratified by the National Assembly on the morning of June 8, will offer a golden opportunity for Vietnam to elevate its position on the global trade map, especially in the context of the worldwide COVID-19 crisis, economic analysts believe.