Evipa

Nearly 95% of the NA deputies vote in favour of the EVFTA The ratification of the EVFTA and the EVIPA marks a significant advancement in the relations between Vietnam and the EU while continuing to affirm Vietnam’s important role and geo-political position in the region and the world. … [Read more...] about Vietnamese National Assembly ratifies EVFTA and EVIPA

When entering into force, the EVFTA will bring immediate positive effects for businesses in both Vietnam and Europe. From day one, the cut to tariffs will apply to 65 per cent of the EU exports to Vietnam and 71 per cent of EU imports from Vietnam, with a gradual phasing out over 10 years. The elimination of bilateral tariffs and export taxes, together with the reduction of non-tariff barriers affecting cross-border exchange of goods and services, are expected to boost bilateral trade considerably. The opening of the procurement markets adds important new trading opportunities for the EU. … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment

Meanwhile, the EVIPA is now waiting for the approval of the parliaments of EU member states to take effect. Its contents concerning investment are also mentioned in the EVFTA, however. Apart from that, more than 20 member states of the EU have already exercised their bilateral investment protection agreements with Vietnam. This is an encouraging start, making favorable conditions for foreign businesses to invest in Vietnam. … [Read more...] about EVFTA and EVIPA help attract more investment in Vietnam

The deal will offer opportunities for local enterprises to acquire technologies and skills transferred by partners in the EU, improving the competitiveness of the national economy, the ministry said, adding that Vietnam should complete early warning mechanisms to address investment disputes. … [Read more...] about NA passes resolution relatied to EVIPA

Nicolas Audier, chairman of EuroCham, said in a press release issued Monday: "The EVFTA is now more important than ever, as trade wars and a global pandemic disrupt normal business operations on an unprecedented scale. Free, fair and rules-based trade is the best roadmap to economic growth, and Vietnam will now have privileged access to an EU consumer market of around 500 million people who will be keen to do business with and invest in a strong, secure, and prosperous nation at the heart of Asia." … [Read more...] about Vietnam ratifies EU free trade agreement