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In the article, Dung highlighted the signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA), effective since last August, as a milestone in the bilateral ties. Currently, the EU is Vietnam’s fifth largest trade partner, third biggest importer, a major investor and leading non-refundable aid provider. Along with economic and trade collaboration – the main pillar of the partnership – many other cooperative areas have also made progress over the past time, notably the signing of the EU-Vietnam Framework Agreement on Comprehensive Partnership and Cooperation (FPA), and the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement (VGA/FLEGT). Vietnam and other ASEAN member countries wish that the EU will play a more active and constructive role in the region, for peace and prosperity, promoting multilateralism, free trade and the rule of law, he said. As ASEAN Chair 2020, Vietnam has raised its voice and made marked contributions, … [Read more...] about Vietnam-EU relations to grow further in coming years

During his working visit to Belgium in 2018, Vietnamese Prime Minister Nguyen Xuan Phuc and Belgian Prime Minister Charles Michel witnessed the signing of an MOU between Hateco Logistics and IPEI N.V on the cooperation of the two sides to study the project. … [Read more...] about EU investors to pour $1 billion into logistics center in Phu My

Hanoi (VNA) – It is businesses that decide whether the EU-Vietnam Free Trade Agreement (EVFTA) can bring about economic benefits, heard a seminar in Ho Chi Minh City on June 6. Chu Tien Dung, Chairman of the HCM City Union of Business Association, said the agreement’s terms regarding tariff cut and market opening have paved the way for businesses. However, the enterprises’ completion of the set targets depends on their preparations of human and material resources, he added. The official suggested the businesses study commitments, especially those on product origin and technical standards, made by Vietnam and partners, in order to get tax incentives. At the same time, they should scope out foreign markets to understand their taste and demand, which can help them make orientations for their production, he said. Johnathan Hanh Nguyen, Chairman of IPP Group, pointed to the lack of connectivity between enterprises in utilising opportunities to be generated by the … [Read more...] about Businesses have significant role to play in optimising EVFTA: seminar

Hanoi (VNA) – An initiative to form a supermarket coalition is being developed with the support of the EU and the German Government, aiming to reduce the use of plastic shopping bags and protect the environment. According to Fanny Quertamp from Expertise France, the project is a chance for Vietnam to take specific action to cut plastic waste, and she expressed her hope that the project will receive the active engagement of supermarkets around the country. As part of efforts to implement the initiative, Hanoi is working with relevant agencies towards the formation of the coalition. The city has received support from local supermarkets. A representative from Lotte Mart Ba Dinh said that foreign customers strongly support the scheme and are willing to pay for environmentally-friendly shopping bags. Many Vietnamese customers, however, are not happy, so stronger communication campaigns are needed to raise public awareness. A BigC representative said the scheme should be introduced … [Read more...] about Supermarket coalition expected to help cut use of plastic bags

According to Jones Lang LaSalle (JJL), Viet Nam's logistics industry is seeing positive prospects as many investors are still interested in the field, regardless of the short-term impact of COVID-19. In the last 24 months alone, nearly US$3 billion was invested in the warehouse system and modern logistics centres. In particular, durable and high-quality materials for optimal fire protection and temperature inside warehouses are key elements. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 11