Matthijs van den Broek, board member of the Dutch Business Association in Vietnam As countries are struggling to come to terms with the impact of the coronavirus, Vietnam has shown the world how to contain the spread of the virus successfully. Since January, it has closely tracked individual infection cases, closed schools, enforced local lockdowns, and introduced strict quarantine measures. Vietnam has, rightfully so, received global praise for its timely and adequate response to the virus. Now that the economy is gradually being restarted, businesses are opening again and manufacturers are stepping up production. It is time to look ahead to the post-pandemic future. Vietnam is in the driver seat as far as establishing a new normal and regaining its growth path are concerned. A true milestone for the Vietnamese economy is the EU-Vietnam Free Trade Agreement (EVFTA). Tentatively, the deal will take effect on July 1. In addition, the EU-Vietnam Investment Protection Agreement (EVIPA) will also be ratified by Vietnam. The EVIPA will not take effect until it has been ratified by all EU national parliaments. The EVFTA will gradually over a period of 10 years remove most tariffs. The value of Vietnam’s exports to the EU is expected… Read full this story
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