eu-vietnam free trade agreement
Vietnam’s export value is expected to rise in the coming months thanks to China’s increase in imports, strong measures taken by the Vietnamese Government, ministries, agencies, and businesses, and the EU-Vietnam Free Trade Agreement (EVFTA).
Shaken by the coronavirus crisis, the world economy is currently stumbling. The European Union as well as Vietnam has taken various measures to halt the pandemic.
Vietnam is rising as a potential trade partner for exporters from Poland ahead of the highly-anticipated EU-Vietnam Free Trade Agreement.
The European Union entry ban on its wide borders comes in a crucial year for Vietnamese exporters to the EU, leading to the EU-Vietnam Free Trade Agreement to become ever more important for both sides in the year to come.
Vietnamese exporters have been advised to make preparations so as to stay ready for orders from Europe when the EU-Vietnam Free Trade Agreement (EVFTA) takes effect and the COVID-19 pandemic is stamped out.
The domestic shrimp industry has not faced a great impact from the COVID-19 because now this industry is under production and Vietnam will enter its shrimp harvesting crop in August.
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.
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.
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.