Evfta

European investors have diversified investments in Vietnam to new fields, including telecommunications, finance, office leasing, retail, hi-tech farming, and pharmacy. Foreign direct investment (FDI) inflows to high-quality projects are set to keep increasing to Vietnam in the mid-and long-term thanks to the   EU-Vietnam Free Trade Agreement (EVFTA). Seafood processing at Godaco Company in Tien Giang Province. Photo: Viet Hung The assessment was given in a Government report on the trade and investment relations with the EU one year after the EVFTA kicked off. As of September 2021, the EU has a total of 2,242 ongoing projects in Vietnam with registered capital of $22.24 billion, up 164 projects, and $483 million in the capital against the same period of last year. Such figures accounted for 5.58% of total investment capital and 6.57% of foreign-invested projects in Vietnam, noted the report, adding a number of successful European corporations in Vietnam …

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The Government has reported to the National Assembly about the implementation of EVFTA (EU-Vietnam FTA) over the last year. The report shows that after one year of implementing EVFTA, trade exchange and investment between Vietnam and the EU have obtained encouraging results despite difficulties caused by Covid-19. Vietnam-EU total import and export turnover reached $54.6 billion, an increase of 11.9 percent over the same period last year. Of this, Vietnam’s export turnover to the EU was $38.5 billion, up by 11.3 percent, while its import turnover from the EU was $16.2 billion, up by 12.4 percent. In the first seven months of 2021, the import and export turnover between Vietnam and the EU was $32.4 billion, an increase of 18 percent compared with the same period last year. If considering export turnover alone, the figure was $22.81 billion, an increase of 17 percent. As of September 2021, the EU had 2,242 valid investment projects in Vietnam, an increase of 164 projects …

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The government reported substantial growth in bilateral trade with the EU A recent government report sent to the National Assembly highlighted that trade turnover and foreign direct investment (FDI) from European Union (EU) countries have soared since the EU-Vietnam Free Trade Agreement (EVFTA) came into effect on August 1, 2020. Accordingly, as of the end of September, there were 2,242 projects from all but one EU countries in Vietnam, an increase of 164 projects on-year. Total registered capital was $22.24 billion, a rise of $483 million on-year. The Netherlands ranked first with 382 projects and a total investment of $10.4 billion (accounting for 46.5 per cent of total EU investment in Vietnam). France ranked second with $3.62 billion, followed by Germany ($2.25 billion). Some big EU corporations highlighted by the report for their success are Shell Group (Netherlands), Total Elf Fina (France and Belgium), Daimler Chrysler (Germany), as well as Siemens and Alcatel Comvik …

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Vietnamese Foreign Minister Bui Thanh Son (R) and Polish Ambassador to Vietnam Wojciech Gerwel . (Photo: Foreign Ministry) Hanoi (VNA) – Minister of Foreign Affairs Bui Thanh Son has affirmed that Vietnam always treasures and wishes to enhance all-around cooperation with Poland. During a reception in Hanoi on October 13 for Polish Ambassador to Vietnam Wojciech Gerwel, Son suggested both sides continue facilitating the exchange of visits by senior leaders and officials of ministries and agencies to foster political trust and mutual understanding, thus laying a foundation to expand bilateral collaboration in various fields. He thanked the Polish Government and people for donating 501,600 doses of AstraZeneca vaccine to Vietnam and key medical supplies to Ho Chi Minh City to fight the COVID-19 pandemic. This week, Poland will also deliver 890,000 doses of AstraZeneca to Vietnam. Son hailed Poland as the biggest trade partner of Vietnam in Central and Eastern …

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Vietnam grasps opportunities to expand agricultural export market Viet Nam's agricultural products are being exported to more than 180 countries and territories, particularly products moving from the mid-range market to the higher-end segment. This information was provided at an online trade connection programme with the participation of representatives and business communities of India and three countries of the Greater Mekong Sub-region (GMS), namely Viet Nam, Thailand and Cambodia on Monday. This formed part of a series of activities of a project to strengthen international integration of small and medium-sized enterprises (SMEs) of India and the GMS countries, towards promoting global value chains and trade between India and the GMS countries, which is financed by the Asian Development Bank (ADB). Le Hoang Tai, Deputy Director of the Viet Nam Trade Promotion Agency under the Ministry of Industry and Trade, emphasised that farm produce and food were key exports of Viet Nam. …

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Minister of Foreign Affairs Bùi Thanh Sơn hosted a reception for Ambassador of the Republic of Poland in Việt Nam Wojciech Gerwel in Hà Nội. — VNA/VNS Photo HÀ NỘI — Minister of Foreign Affairs Bùi Thanh Sơn has affirmed that Việt Nam always treasures and wishes to enhance all-around cooperation with Poland. During a reception in Hà Nội on Wednesday for Polish Ambassador in Việt Nam Wojciech Gerwel, Sơn suggested both sides continue facilitating the exchange of visits by senior leaders and officials of ministries and agencies to foster political trust and mutual understanding, thus laying a foundation to expand bilateral collaboration in various fields. He thanked the Polish Government and people for donating 501,600 doses of AstraZeneca vaccine to Việt Nam and key medical supplies to HCM City to fight the COVID-19 pandemic. This week, Poland will also deliver 890,000 doses of AstraZeneca to Việt Nam. Sơn hailed Poland as the biggest trade partner of Việt Nam in Central …

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Visiting the Vietnamese Embassy in Rome on October 13, Fratin showed delight at the growing strategic partnership between Vietnam and Italy over the years. He highlighted Italy's priorities in economic development in the time to come, underlining the need for joint efforts in adapting to climate change, considering this an important international cooperation area. The Deputy Minister affirmed his support to the E.U.-Vietnam Investment Protection Agreement (EVIPA) and said he will hasten the Italian parliament to ratify the deal for interests of both countries. He expressed his hope that tourism activities between the two sides will be resumed soon. He agreed on coordination in organizing the eighth meeting of the Vietnam-Italy Joint Committee on economic cooperation. He also stressed the increasing interest of Italian firms in the Vietnamese market. For her part, Vietnamese Ambassador to Italy Nguyen Thi Bich Hue thanked the Italian Government for providing COVID-19 vaccines …

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Strong commitments to uphold multilateralism and fight climate change are factors to spur the Vietnam-Germany relations in the next decade. Shared interests between Vietnam and Germany in a wide range of issues are set to take the bilateral relations to a new height in the next decade. Overview of the online conference. Photos: Nguyen Tung Experts shared the view at a virtual conference discussing the 10th anniversary of the Vietnam-Germany Strategic Partnership (2011-2021) jointly held today [October 15] by the Diplomatic Academy of Vietnam and the Konrad Adenauer Stiftung (KAS). “Ten years on since the signing of the Hanoi Joint Declaration on Vietnam-Germany Strategic Partnership, Vietnam-Germany relations have taken a significant leap forward,” said To Anh Dung, deputy minister of Foreign Affairs. To date, Germany is Vietnam’s largest economic partner in the EU, and Vietnam holds the same status in ASEAN as Germany, Dung said. During the span of ten …

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An orange plantation area for export in Dong Thap  Province in the Mekong Delta Statistically, Vietnamese fruits have been so far exported to 60 countries and territories around the world. Currently, about 1,749 fresh fruit growing areas in the country have been granted export codes and 1,200 codes have been granted to establishments packing fresh fruit for export. Presently, fresh fruit traded globally is worth about US$240 billion yearly while the value of processed fruit products is about $270 billion a year. Therefore, it can be said that there remains huge room for Vietnam's fruit industry to develop, especially when Vietnam has joined many free trade agreements (FTAs). Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association (Vinafruit), said that in 2021, Vietnam has been making good use of advantages of the international economic integration process with the EU through the European Union Vietnam Free Trade Agreement (EVFTA), the United Kingdom …

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