The approval by the Vietnamese National Assembly of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) is a historic achievement. 

The National Assembly has begun scrutinising a plan to adopt the hallmark EU-Vietnam Free Trade Agreement, marking a milestone in the process of translating the deal into reality.

The adoption of trade and investment agreements with the European Union offers Vietnam opportunities to attract more investment and increase its exports to EU member states, making the country less dependent on traditional markets. 

The challenges on market access, circulation of products, and tax in the Vietnamese market are expected to be solved ahead of the European Parliament’s crucial vote for the ratification of the EVFTA scheduled for early 2020. 

 Vietnam and the European Union (EU) boast substantial potential for cooperation, especially after the two officially sign and realise the bilateral free trade agreement, said Prime Minister Nguyen Tan Dung.

Party General Secretary Nguyen Phu Trong’s visit to the European Union (EU) is a significant event to bring the EU-Vietnam mutually-beneficial cooperation and friendship to new heights.