Starting from this year, investors from EU member states will for the first time be allowed to tender for many types of public projects in Vietnam under EU-Vietnam Free Trade Agreement commitments.

Would the movement of the international capital flow together with the re-arrangement of the global supply chain since the start of the Sino-U.S. trade war and especially under the impact of the Covid-19 pandemic 

As free trade agreements (FTAs), including the EU–Vietnam Free Trade Agreement (EVFTA) that is about to be ratified by the Vietnam National Assembly, tend to be asymmetric in nature, 

The upcoming bilateral free trade between Vietnam and the EU may be a tough nut to crack unless the country can make thorough preparations for fulfilling commitments in the deal to further its trade and investment with the bloc.

The Import and Export Department under the Ministry of Industry and Trade has set up different working groups to implement the the EU-Viet Nam Free Trade Agreement (EVFTA).

Businesses and management agencies should be fully aware of the regulations and rights included within the EU-Vietnam Free Trade Agreement (EVFTA) before the trade deal fully comes into effect.

Economic cooperation between Vietnam and the European Union (EU) is about to turn a new page in history as the Vietnamese National Assembly is moving very close to ratifying the EU-Vietnam Free Trade Agreement (EVFTA).

Strengthening the application of trade defence instruments would be necessary for Vietnam, which was among countries with the highest economic openness level, according to the Ministry of Industry and Trade.

Free trade agreements (FTA), including the latest one signed between Viet Nam and the EU, will benefit the domestic fertiliser sector, with more diverse import and export markets, experts said.

The European Union (EU) – Vietnam Free Trade Agreement (EVFTA) will officially take effect for both the EU and Vietnam after the National Assembly ratifies and the two sides complete the notification procedures under the agreement.

Vietnamese rice exports in 2020 are expected to be more prosperous thanks to a series of free trade agreements (FTAs) coming into force, after plummeting in both export volume and value in 2019.

With ratification of the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement, the floodgates are expected to open for a new wave of European investment into the Vietnamese market. 

The EVFTA will be ratified in May and take effect in July this year if everything fares well, said Minister of Industry and Trade Tran Tuan Anh.

Just within five years, from 2015 to 2019, Vietnam’s import/export turnover reached $2.106 trillion, which was higher than the total import/export turnover of the 15 years before.

The landmark Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been in force for more than a year now, influencing the trade activities of member economies. 

The year 2020 is expected to bring about both opportunities and challenges for Vietnam to soar higher. 

As an array of new-generation Free Trade Agreements (FTA) start to take effect in early this year, Vietnam’s export commodities can enjoy competitive advantages as a result of the removal of tariff barriers.

Reduced revenue from cutting taxes on imported goods in accordance with various FTAs Vietnam had signed was unlikely to affect State revenue, said the finance ministry in a conference held on December 12 in Hanoi.

Vietnam has gained certain achievements in completing the market mechanism, and adjusting the corresponding role of the State in the economy.

The contribution of import duty to customs revenue has been declining over the past few years, from 21.85% in 2017 to 17.4% in 2018 and 16.7% in 2019.