Evipa

Illustrative image (Source: VNA) Brussels (VNA) – The signing of the free trade agreement and the investment protection agreement between Vietnam and the European Union (EU) last June has marked a new development step in their partnership and comprehensive cooperation, said Vietnamese Deputy Minister of Planning and Investment Vu Dai Thang on November 8. Speaking at the Vietnam-Flanders Business Forum in Belgium, Thang said the deals will contribute to promoting economic links between the ASEAN Economic Community and the EU, and spurring the global economy. The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will also help Vietnam attract high-quality investment from the EU, and create favourable conditions for Vietnamese investors to access the market, he noted. Once completed, the agreements, together with efforts and suitable policies of both sides, will bring about pragmatic benefits to people and businesses of Vietnam … [Read more...] about Vietnam-Flanders business forum talks EVFTA, EVIPA

 Deputy Prime Minister and Foreign Minister Pham Binh Minh greets Slovenian Minister of Economic Development and Technology Zdravko Pocivalsek (Photo: VNA) During the reception, Minh asked Slovenia to urge the European Union (EU) and its members to ratify the EU – Vietnam Free Trade Agreement (EVFTA) and EU- Vietnam Investment Protection Agreement (EVIPA) at an early date in order to deliver practical benefits to the signatories as a means of further strengthening bilateral trade. The Vietnamese diplomat expressed gratitude to the guest for offering condolences over the death of 39 Vietnamese in the UK, and thanked Slovenia for supporting Vietnam’s bid to become a non-permanent member of the United Nations Security Council for the 2020-2021 term. On this occasion, the two sides consented to intensify all level delegation exchange, to offer favourable conditions for their businesses to cooperate and invest in the fields of their strength and demand, and to closely … [Read more...] about Vietnam aspires to boost ties with Slovenia

Minister of Industry and Trade Tran Tuan Anh. The European Union – Viet Nam Free Trade Agreement (EVFTA) is set to be signed in Ha Noi on June 30. Minister of Industry and Trade Tran Tuan Anh spoke to local media about the historic trade deal. Could you tell us about the negotiation process of the EVFTA and how the Ministry of Industry and Trade approached the negotiations? Negotiations for the EVFTA and the EU-Viet Nam Investment Protection Agreement (EVIPA) were launched and concluded amidst the sound Viet Nam-EU partnership, especially in economy and trade. With 17 chapters, two protocols and several attached memorandums with main contents including trade in goods, services, investment, trade defence, competition, state enterprises, government procurement, intellectual property, trade and sustainable development, legal and institutional issues, the EVFTA is considered a comprehensive, high quality agreement that ensures a balance of benefits for both Viet Nam and the EU. At … [Read more...] about EVFTA ensures benefits for both Viet Nam and EU

Germany has high demand for pepper. (Photo: VNA) Hanoi (VNA) – Vietnam-Germany trade relations will thrive on the back of the freshly inked free trade and investment deals, including the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), according to insiders. Nguyen Son Tra, deputy head of the WTO and Trade Negotiation Division under the Ministry of Industry and Trade’s Multilateral Trade Policy Department, said the EVFTA will bring distinct advantages to Vietnamese goods as right after the deal takes effect, 85.6 percent of the tax lines imposed on Vietnamese goods, or 70.3 percent of the country’s exports to the EU will be reduced in the first year. Meanwhile, the lifted tariffs will be 99.2 percent, or 99.7 percent of the country’s total export turnover to the bloc, in the next seven years, she said. Particularly, Germany, together with the UK and the Netherlands, has been Vietnam’s leading importer … [Read more...] about Free trade, investment deals to boost Vietnam-Germany trade ties

Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) and Slovenian Minister of Economic Development and Technology Zdravko Pocivalsek (Photo: VNA)    Hanoi (VNA) – Deputy Prime Minister and Foreign Minister Pham Binh Minh received visiting Slovenian Minister of Economic Development and Technology Zdravko Pocivalsek in Hanoi on November 8. At the reception, Minh affirmed that Vietnam attaches importance to and wishes to boost relations with traditional partners, including Slovenia, especially in the fields of trade and investment. He asked Slovenia to push the European Union (EU) and its members to ratify the EU – Vietnam Free Trade Agreement (EVFTA) and EU- Vietnam Investment Protection Agreement (EVIPA) at an early date so as to bring practical benefits to the signatories, thus helping further strengthen bilateral trade. The official expressed gratitude to the guest for extending condolences on the death of 39 Vietnamese in the UK, and thanked … [Read more...] about Deputy PM Pham Binh Minh receives Slovenian economic minister