The expected execution of the EU-Vietnam Free Trade Agreement in 2020 will create great pressure on Vietnamese logistics businesses, insiders said.

The EU-Vietnam Free Trade Agreement and Investment Protection Agreement raise many hopes for all of Vietnam’s economic sectors. 

Prime Minister Nguyen Xuan Phuc has urges firms to prepare scenarios to ensure they can continue operation in any circumstances.

European companies are eager to grasp new business and investment opportunities from the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement.

The EU-Vietnam Free Trade Agreement has been adopted by the European Parliament and is now awaiting approval from the European Council and Vietnam’s National Assembly. 

The recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) by the European Parliament is expected to create a change in the flow of FDI from the EU into Vietnam.

The newly-ratified EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) will help to usher in a new economic era with the correct preparation. 

The upcoming implementation of the EU-Vietnam Free Trade Agreement and the accompanying Investment Protection Agreement is driving transformation of Vietnam’s logistics industry.

Fitch Solutions has revised down its 2020 real GDP growth forecast for Vietnam to 6.3 percent, from 6.8 percent previously, in light of the worsening global COVID-19 outbreak.

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 Vietnamese banking sector will have more opportunities to improve its financial capacity as well as learn modern business models and management from their EVFTA takes effect, according to insiders.

Despite also including barriers and regulations, the EU-Vietnam Free Trade Agreement will benefit Vietnamese agriculture, with businesses supporting farmers to cash in on new opportunities from the deal.

Textile stocks have been on an temporary upswing thanks to the recent ratification of the EVFTA but textile enterprises still face difficulties due to heavy dependence on imported raw materials and reduced demand worldwide.

The new trade agreement between Viet Nam and the European Union opens many doors for agriculture, according to experts.

Investors from the EU will have opportunities to own higher stakes in Vietnamese banks than those from other countries under Việt Nam’s commitments in the EU-Vietnam Free Trade Agreement (EVFTA).

The Vietnamese Government is set to issue a decree on the lists of preferential export tariffs and special preferential import tariffs to implement the EU-Vietnam Free Trade Agreement (EVFTA) when the deal comes into force in Vietnam.

The EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement offer significant business opportunities for European enterprises, German Federal Minister for Economic Affairs and Energy Peter Altmaier said.

The European Parliament (EP) on February 12 ratified the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA).

The Vietnamese Ministry of Industry and Trade (MoIT) has completed a dossier for the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) since early January, and will submit it to the Prime Minister for decision.

The EU is a potential market for Viet Nam's shrimp industry next year because it is the largest shrimp market in the world, while the shrimp production of this bloc has not met its demand, according to domestic seafood experts.