Update news FTA

EVFTA outpaces CPTPP in preference utilisation rate

The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnam-UK trade expected to reach US$10 billion

Trade revenue between Vietnam and the UK is expected to reach US$10 billion in the next one or two years thanks to strong support from the Vietnam-UK Free Trade Agreement (UKVFTA).

ASEAN, Czech Republic look to standardise customs procedures

The Association of Southeast Asia Nations (ASEAN) Committee in coordination with the Customs Administration of the Czech Republic has held a webinar to introduce the electronic customs of the European country.

Rice exporters urged to utilise FTAs to boost declining shipments

Vietnamese rice exporters have been urged to play a more active role in utilising free trade agreements (FTAs) to which Vietnam is a party to boost falling exports.

Local enterprises must deal with challenges in FTA implementation

Vietnamese enterprises need to be proactive in terms of gaining knowledge of incentives, whilst simultaneously managing themselves in order to deal with gaps and weaknesses occurring in the implementation of FTAs, according to economic experts.

Longer-term benefits ahead for UK trade

Vietnam is expected to reap a range of benefits in expanding ties with the UK on the back of the bilateral trade deal agreement taking effect on May 1.

RCEP offers opportunity to expand Vietnamese agricultural exports

The Regional Comprehensive Economic Partnership, the world’s largest trade pact, offers Vietnamese agricultural exporters an excellent opportunity to increase their participation in global value chains, experts said.

UKVFTA – the 'boulevard' connecting Vietnam - UK

Officially taking effect at 11pm on December 31, 2020, the United Kingdom (UK)-Vietnam Free Trade Agreement (UKVFTA) has reopened the trade and investment bridge between the two countries after the UK left the European Union (Brexit).

Vietnam, UK issue joint statement concluding free trade negotiations

Minister of Industry and Trade Tran Tuan Anh and UK Secretary of State for International Trade Liz Truss signed the agreed minutes on the conclusion of negotiations over the UK-Vietnam Free Trade Agreement (UKVFTA).

Vietnam’s strong industries fully tapped under RCEP

The Regional Comprehensive Economic Partnership (RCEP) is expected to boost regional and global supply chains and the economy of ASEAN members and partners.

RCEP will not make the trade deficit with China worse: MOIT

Worries have been raised that RCEP will lead to a higher trade deficit with partners, especially China. But the Ministry of Industry and Trade (MOIT) doesn’t think so.

RCEP feared to pave the way for Chinese goods to flood Vietnamese market

Other RCEP-member economies have the same export products as Vietnam’s, so If Vietnam’s production capability does not improve, the domestic market will become a playing field for Chinese and other foreign products.

RCEP opens up 2.2 billion consumer market, limits protectionism

If RCEP economies can be united to have a common voice, they will be able to overcome protectionism and unilateralism to develop.

Will benefits from EVFTA be affected by Covid-19?

Vietnam has puts high hopes on EVFTA, but the COVID-19 pandemic may make the path to realize its benefits a bumpy one.

Vietnamese leather and footwear sector yearns for EVFTA incentives

Businesses in the leather and footwear industry await the ratification of the EVFTA to cash in on the enormous tax incentives coming with the landmark deal.

New wave of EU investment whipped up by coming FTA

A new period of EU investment development in Vietnam is right around the corner, as the historic EU-Vietnam Free Trade Agreement (EVFTA) is expected to be adopted by the National Assembly early next month. 

Export offensive gains shape as lockdowns ease around the world

Vietnam’s export s are expected to bounce back as many partners are gradually exiting lockdown, in addition to the positive effects of free trade agreements.

Free trade agreement a priority for Swiss ties

As one of the large European investors in Vietnam, Switzerland currently negotiates a free trade agreement with Vietnam so that its companies can invest more in untapped fields in the Southeast Asian country.

Vietnam makes it into top 5 economic freedom gainers in Asia-Pacific region

With the strides in opening its economy, Vietnam has improved its ranking to 105th on the 2020 Index of Economic Freedom by The Heritage Foundation.

Electronics, seafood and garment industries to benefit the most from EVFTA

Vietnam is the second country in Southeast Asia, following Singapore, that has signed an FTA with the EU.