Tax policies are being specified while customs procedures simplified to improve the legal framework to facilitate the European Union – Việt Nam Free Trade Agreement (EVFTA) enforcement.
Barriers in the business environment must be removed to promote the development of private enterprises, which is considered a push for post-pandemic economic growth, experts said.
Prime Minister Nguyễn Xuân Phúc has asked relevant ministries, localities and organisations to increase the enforcement of the Law on Supporting Small and Medium – Sized Enterprises (SMEs) to create favourable conditions for them to overcome the difficult time and develop their business.
The Ministry of Industry and Trade (MoIT) and the Italian Ministry of Foreign Affairs and International Co-operation have signed an agreement to establish a new Joint Commission on Economic Co-operation.
The free trade agreement between the European Union and Việt Nam, known as the EVFTA, which was signed on June 30 last year, will enter into force on August 1.
Vietnam has a golden chance of taking full advantage of the benefits from the European Union – Vietnam Free Trade Agreement (EVFTA) and attracting foreign direct investment (FDI) from EU firms who are seeking to invest in open, competitive, and business-friendly markets.
Experts have urged Vietnamese exporters to shift their attention to neighbouring ASEAN markets given that COVID-19 continues to wreak havoc on major markets such as the EU and the US, a recent conference heard.
Chairman of the Government Office and Chairman of the Advisory Council for the Administrative Procedure Reform Mai Tien Dung and Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Nicolas Audier co-hosted a dialogue with the European business community in Hanoi on June 30.
The Consulate General of Việt Nam in Guangxi Province, China and the Asia-Africa Market Department have warned local businesses that Guangxi is carrying out a number of measures to strengthen control of food origin and quality, according to the Ministry of Industry and Trade (MoIT).
By successfully organising the teleconferenced 36th ASEAN Summit amid the complexities of COVID-19, Việt Nam has once again affirmed its proactive and responsible chairmanship of ASEAN in 2020, which is also the common assessment shared by many foreign leaders and experts.
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