return icon

Vietnam notifies EU of its ratification of bilateral deals

Diplomatic notes informing about Vietnam’s ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) were presented to the EU Delegation to Vietnam on June 18.

Vietnam notifies EU of its ratification of bilateral deals hinh anh 1

Deputy Foreign Minister Bui Thanh Son (R) hands over the dilomatic notes to head of the EU Delegation to Vietnam, Ambassador Giorgio Aliberti on June 18 


At the handover ceremony in Hanoi, Deputy Foreign Minister Bui Thanh Son said the ratification of the two deals by the European Parliament in February and the Vietnamese National Assembly recently strongly affirmed both sides’ wish and determination to continue intensifying the Vietnam-EU comprehensive cooperation and partnership.

He asked relevant ministries and sectors of Vietnam and EU agencies to continue working closely together to help the EVFTA take effect soon, thus generating practical benefits for both sides’ people and businesses.

The official also called on EU member states to accomplish the ratification of the EVIPA as soon as possible.

For his part, Ambassador Giorgio Aliberti, head of the EU Delegation to Vietnam, congratulated the country on completing the approval of the EVFTA and EVIPA.

He described the two sides’ ratification of the agreements as a historic milestone which creates important frameworks for enhancing bilateral trade and investment links, as well as multifaceted relations.

The EU will continue coordinating closely with Vietnam to effectively implement the EVFTA and urge its members to ratify the EVIPA, he added.

The Vietnamese Ministry of Planning and Investment expected the EVFTA and EVIPA will help raise the country’s GDP growth by 4.6 percent and exports to the EU by 42.7 percent by 2025.

Meanwhile, the European Commission estimated this region’s GDP will increase by 29.5 billion USD and exports to Vietnam will rise 29 percent by 2035.

Under the EVFTA’s regulations, as the EU side already notified Vietnam of its ratification of the agreement and Vietnam also officially handed over diplomatic notes informing the EU about its move, this deal is going to take effect on August 1.

Meanwhile, the EVIPA will come into force after it sails through parliaments of all EU member states./.VNA


More foreign visitors to HCMC signals thriving tourist season

Roughly 100 French, American, German tourists traveled to Ho Chi Minh City on French Le Laperouse yacht of Ponant after the last visit in mid-November 2019 signaling a thriving tourist season.

First monkeypox infection detected in HCM City

The Ho Chi Minh City Department of Health has just announced the first reported case of monkeypox in Vietnam.


2.97 billion USD in FDI poured into HCM City in 9 months

Trendy jobs in Vietnam

New and fashionable professions are being pursued by many young people. But not everyone is succeeding.

Shooting star targets bright future

After the retirement of senior champions, the Vietnam shooting team is now relying on its younger athletes, such as 18-year-old Phi Thanh Thao, who was recently nominated as Best Young Athlete of 2022 at the prestigious Victory Cup.

Hanoi needs world-class entertainment sites to lure tourists

According to experts, the lack of world-class amusement and entertainment zones is a big "hole" in Hanoi's tourism.

HCM City tightens management of food labelled 'organic'

Many families choose organic food though recently several supermarkets and e-commerce platforms had to apologise to consumers after non-organic food was labelled and sold as organic.

Vietnam win ticket to 2022 Futsal Asian Cup quarterfinals

Despite their defeat in the match against Japan on October 2, Vietnam’s national futsal team will advance to the quarterfinals in the 2022 Futsal Asian Cup as it ranked second in Group D.

Many parts of Vietnam saw increased fertility rates during pandemic

Fertility rates over the past two years increased across many localities in Vietnam, and it was even higher than the total replacement birth rate, said Director General of the General Department of Population and Family Planning Nguyen Doan Tu.

HCMC plans to eliminate 20,000 slum areas by 2025

According to the Ho Chi Minh City Department of Construction, over the past 20 years, the city has removed 36,000 slum areas along canals, but there are still about 20,000 of them.

Vietnam to have 33 new highways by 2030

With 33 highway projects totaling nearly 3,000 km long planned for construction in 2021-2030, a decade of busy expressway building is expected.

Viettel, VNPT lead Vietnam’s Top 10 most valuable brands

Four telecommunications brands of Vietnam have a total value of 13,136 million USD.

Floods kill eight in Nghe An, Ha Tinh

Heavy downpours and floods in the north central region claimed the lives of eight people in Nghe An and Ha Tinh provinces as of 5:30pm on October 2.

Localities urged to rectify flaws in fishery sector

With the visit of the European Commission’s delegations ahead, Vietnam’s ports and fishers are aiming to remedy the previously criticised issues regarding international fishing regulations.

Market likely to continue to correct this week

Analysts said that in the current environment, financial markets will be very likely to continue revaluing.