European union vietnam free trade agreement

The EU-Vietnam Investment Protection Agreement was signed at the same time as the EVFTA in Hanoi on June 30, 2019. It will need to be ratified by all EU member states according to their national procedures before it can enter into force. Once ratified, it will replace the bilateral investment agreements that 21 EU member states currently have in place with Vietnam. … [Read more...] about European Council approves EU-Vietnam free trade agreement

Under the agreement, Viet Nam will cut 65 per cent of import tax on EU commodities right after the deal takes effect, while the rest will be erased over a 10-year period. Meanwhile, the EU will cut more than 70 per cent of tariffs on Viet Nam's commodities right after the deal takes effect, while the rest will be abolished in the seven subsequent years. … [Read more...] about European Council approves final procedure for EVFTA

The E.U. Parliament in February voted in favor of the trade deal, the second with a Southeast Asian country after Singapore, and one of the few with a developing country. … [Read more...] about EU Council green-lights trade deal with Vietnam

As VIR previously reported, as of March 20, the total newly and additionally registered capital, capital contributed, and shares purchased by foreign investors were $8.55 billion, equaling 79 per cent of the same period in 2019, according to the Foreign Investment Agency under the Ministry of Planning and Investment. This means that their investment would bring a good return without steep depreciation. … [Read more...] about Trade raises demand for stable VND

Hanoi (VNA) – The Ministry of Foreign Affairs and authorities of Vietnam are willing to work closely with the Czech Embassy to support the country and handle issues related to its citizens who are staying in Vietnam amid the COVID-19 pandemic, said Deputy Foreign Minister To Anh Dung on April 1. During a Hanoi reception for Czech Ambassador to Vietnam Viteslav Grepl, he also affirmed that Vietnam will facilitate Czech citizens’ repatriation if they need, and proposed the Czech Government continue to create favourable conditions for the Vietnamese community in the European country with health care and epidemiological hygiene. The Vietnamese official appreciated the Chamber of Deputies (Lower House) of the Parliament of the Czech Republic for its approval of the EU-Vietnam Investment Protection Agreement (EVIPA) in late January, saying that the country was one of the first EU member nations to have ratified the agreement. Expressing his joy at the … [Read more...] about Vietnam, Czech Republic joining hands against COVID-19