WB advises Vietnam on maximising benefits of EVFTA Business

WB advises Vietnam on maximising benefits of EVFTA

The World Bank (WB) has issued several recommendations to help Vietnam enhance its international integration and capitalise on the EU-Vietnam Free Trade Agreement (EVFTA), which is expected to come into effect shortly.
FTAs to bring both opportunities and challenges: Minister Business

FTAs to bring both opportunities and challenges: Minister

Joining new-generation free trade agreements (FTAs) ​​will help Vietnam diversify its economic and trade relations, especially expanding import and export markets, avoiding excessive dependence on a specific region and helping the economy cope better with external fluctuations.
Prompt action needed to take advantage of FTAs Business

Prompt action needed to take advantage of FTAs

Opportunities provided by free trade agreements (FTAs) will only exist on paper if local authorities and enterprises do not take prompt and concrete actions to take advantage, experts said at a meeting in Hanoi on July 10.
Firms urged to be more active under FTAs’ pressure Business

Firms urged to be more active under FTAs’ pressure

The participation in new-generation free trade agreements (FTAs) has proved to be a driving force for exports but also posed challenges for Vietnamese firms in meeting importers’ requirements and competing with foreign rivals right in the domestic market.
High economic growth rate crucial Business

High economic growth rate crucial

“Vietnam needs to acknowledge its economic shortcomings. It needs to maintain stable and high economic growth before becoming the so-called dragon or tiger,”
Businesses advised to take better advantage of FTA benefits Business

Businesses advised to take better advantage of FTA benefits

Vietnam’s joining of free trade agreements (FTAs) is quite suitable in the context of trade globalization. However, to promote the efficiency of boosting exports, a concerted policy system is needed to help businesses successfully take advantage of benefits brought by the FTAs, according to insiders.