Documentation for the Vietnam-EU free trade agreement will be completed in early December, when the Vietnamese leadership pays an official visit to Europe
Vietnam will soon become an international investment magnet for Indian enterprises
Agreeing to enter a free trade agreement with the EU means Vietnam is willing to make big changes to its economic structure, including the elimination of uncompetitive small and medium firms and the refinement of a new generation of businesses
The expected official signing of a free trade agreement between Vietnam and the European Union will be an important step forward, but it is more necessary to strengthen business connections to bring benefits to the two sides, said an expert
The recent conclusion of final negotiations on a Vietnam-EU free trade agreement will pave the way for the deal to be clinched soon, opening the door wide for Vietnamese goods to enter the 500 million-strong market
Local firms must be ready to face this reality as Vietnam is integrating further into the world’s economy with numerous trade deals with foreign trade partners already signed or about to be clinched
With goods from ASEAN countries and Japan beginning to flood the Vietnamese market after their import taxes have been reduced or even exempted, local consumers and importers are said to be among the biggest beneficiaries
The Embassy of Denmark and The Central Institute for Economic Management (CIEM) have signed an agreement to carry out a research on potential impacts of Vietnam-EU Free Trade Agreements (FTA) on policy and institutional reforms in Vietnam.
If the two parties reach a free trade agreement by the end of this year, Vietnam’s annual economic expansion, hovering around 5-6 percent recently, may enjoy an additional 15 percent growth every year
“I will spare no effort to work with you to accomplish our target of completing the negotiations by the end of 2014,” Minister of Industry and Trade Vu Huy Hoang wrote in a letter dated April 12 to Commisioner Karel De Gucht.
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