Signed along with the Vietnam-EU Free Trade Agreement in Hanoi on June 30, the Europe – Vietnam Investment Protection Agreement (EVIPA) is in the process of waiting for the European Parliament and parliaments of EU member states to be adopted.
The EU’s drive to become the defender of multilateralism promises further opportunities for Southeast Asia. On June 30, Vietnam signed a trade agreement and investment protection agreement with the European Union (EU).
The popular consensus is that Vietnam has been one of the world’s biggest US-China trade war winners, as global supply chains shift production away from tariff-hit China and towards the low-cost Southeast Asian nation.
Việt Nam will become the leading digital country and economy in the ASEAN region by 2030 and allow testing of new technologies in the digital economy.
Besides the opportunities for trade and investment, the consequences of the US-China trade war will be larger if Vietnam is not alert to the risks of Chinese enterprises taking advantage of policies in attracting FDI to avoid US tariffs.
Vietnam and the European Union (EU) last Sunday signed a Free Trade Agreement and Investment Protection Agreement, known as EVFTA and EVIPA.
Local firms must prepare strategic digital transformation blueprints in line with technological changes emerging from Industry 4.0 in order to keep up with market trends.
Talking to reporters from Customs News, Nguyen Ton Quyen (photo), Deputy Chairman and General Secretary of Vietnam Timber and Forest Product Association said that the EVFTA will create many opportunities for Vietnam’s wood industry, even raising export turnover to US$1 billion by 2020.
The Government issued Decree No. 57/2019 / ND-CP on Vietnam's Special Preferential Import and Export Tariff for implementation of the CPTPP in the period 2019-2022 to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This Tariff is applied from 14 January 2019 until 31 December 2022.
At the invitation of Chairman of the Standing Committee of the Chinese National People's Congress, Li Zhanshu, Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan will begin an official visit to China from July 8-12.
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