Update news EVFTA

EVFTA benefits yet to be seen

While the whole world was aggressively fighting Covid-19, Vietnam and the European Union ratified the EU-Vietnam Free Trade Agreement (EVTFA).

EVFTA: Vietnamese goods to face stiff competition

Vietnamese goods are likely to face intense competition once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect in early August, economists have forecast.

New immigration law looks to attract investment

Vietnam’s new immigration law includes a new type of visa for foreigners who come to Vietnam to conduct activities as part of international agreements Vietnam has signed.

Eased regulations set up EVFTA agriculture benefits

Though Vietnam’s agricultural sector will receive attention from the forthcoming EU-Vietnam Free Trade Agreement, it needs to overcome some challenges to enjoy optimum preferential treatment.

Vietnam outlook remains ‘one of the brightest’ in Asia: UBS economist

Edward Teather, a senior ASEAN economist from the Union Bank of Swizerland (UBS), has hailed Vietnam as one of the “brightest” spots throughout Asia despite COVID-19 challenges, adding that the national economy now looks poised to rebound.

Vietnam to increase rice exports to EU under EVFTA

Rice quotas for Vietnam under the EVFTA are expected to push Vietnam’s rice exports up from the second half of this year, according to the Ministry of Industry and Trade (MoIT).


EVFTA, plus Vietnam's COVID-19 success, to help attract more FDI: experts

The country's great achievement of containing the spread of COVID-19, plus the EVFTA (EU-Vietnam Free Trade Agreement), will help Vietnam attract more FDI.

Prices of luxury cars from Europe will not go down immediately

The import tariff on European car imports will be decreasing gradually by 7 percent per annum. It will take at least five years to see considerable price decreases.

EVFTA expected to give a lift to real estate sector

Many segments of the real estate market are soon expected to benefit from the EU-Vietnam Free Trade Agreement, which takes effect in August.

Rays of sunshine in aviation clouds

Amid serious impacts of COVID-19, there are hopeful points for the aviation sector on the back of the EU-Vietnam Free Trade Agreement.

Trade kickstart with distinctive solutions

Vietnam is boosting its diplomatic activities in hope of attracting more investment and expanding its trade in the global market, with many of the country’s major partners about to open their doors to the world again.

Legal framework being improved to implement EVFTA

Tax policies are being specified while customs procedures simplified to improve the legal framework to implement the European Union – Viet Nam Free Trade Agreement (EVFTA).


Vietnam's logistics firms see few opportunities in EVFTA

Vietnamese logistics firms’ ability to access the EU market will not be easy because rivals in the EU are strong anf clients there require high-quality services.

Three horses to pull nation's economic growth: PM Phuc

Vietnam will deploy any measure to boost its investment, export and consumption sectors to achieve growth as high as possible, Prime Minister Nguyen Xuan Phuc said on Thursday, 

EVFTA will broaden skies for aviation across Vietnam

Never-before-seen activities in Vietnam’s aviation sphere are expected to come to EU businesses soon on the back of the landmark EU-Vietnam Free Trade Agreement.

EVFTA to come into effect in a month

The EVFTA will abolish 65 per cent of the duties on EU exports to its developing partner, with the remainder phased out over a 10-year period.

Footwear sector to improve supply chain to take advantage of EVFTA

Vietnam’s leather and footwear industry should improve its supply chain performance to take advantage of the milestone trade deal that Vietnam has signed with the EU and to recover from the effects of the COVID-19 crisis, 

Retail industry to face being "swallowed" once EVFTA comes into force

With the implementation of the EU-Vietnam Free Trade Agreement looming, besides providing opportunities, the Vietnamese retail market is anticipated to face numerous challenges, 

Administrative reforms would help unlock EVFTA's potential: EuroCham

 Administrative procedure reform is the key to unlocking the full potential of the Europe-Viet Nam Free Trade Agreement (EVFTA), said participants at a conference on Tuesday.


Big relief for businesses’ concerns

On May 8, the National Assembly approved the Eurpopean Union-Vietnam Investment Protection Agreement (EVIPA), with 460 out of 461 deputies (95.65%) voting yes for the pact.