Vietnam will be able to reap fruit from the EVFTA if it can improve the legal framework and enhance implementation capability.
The World Bank has released a report showing that Vietnam’s GDP may increase by 2.4 percent and its exports may go up by 12 percent by 2030, or $31 billion, by just taking full advantage of the preferential tariffs stipulated in EVFTA.
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EVFTA and EVIPA would help Vietnam’s GDP increase by another 4.6 percent by 2025, and its exports to the EU increase by 20 percent by 2020, 42.7 percent by 2025 and 44.37 percent by 2030. |
Prior to that, an MPI (Ministry of Planning and Investment) survey found that EVFTA and EVIPA would help Vietnam’s GDP increase by another 4.6 percent by 2025, and its exports to the EU increase by 20 percent by 2020, 42.7 percent by 2025 and 44.37 percent by 2030.
Benefits
Kim Chi