Today: 18/11/2019 13:04:06 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

EVFTA to help improve Vietnam’s competitiveness

The European Union-Vietnam Free Trade Agreement (EVFTA), once taking effect, will help increase the competitiveness of Vietnam as well local enterprises and commodities, said Pham Tat Thang, a senior researcher at the Ministry of Industry and Trade’s Trade Research Institute.

Thanks to the EVFTA, Vietnamese entrepreneurs will have more chances to get in touch with European counterparts.

For the EVFTA, Vietnam has had many expectations as the European market accounts for one-fourth of its export turnover, he said, adding that any products that are allowed to be exported to the EU can be sold at any places around the world.

EVFTA, Vietnam’s competitiveness, European Union, Vietnam Free Trade Agreement, Vietnamese entrepreneurs, strict technical barriers

Thanks to the EVFTA, Vietnamese entrepreneurs will have more chances to get in touch with European counterparts.

To boost the country’s exports to the European market, Thang advised Vietnamese enterprises to improve themselves to overcome the market’s strict technical barriers.

He suggested local firms change their quality management and assessment systems, and focus on ensuring the enforcement of regulations related to food safety and hygiene, environmental protection, ozone layer protection and wild animal protection, among others.

Thang went on to say that as Vietnam is in the process of development, it needs much investment in infrastructure and hi-tech industry. Meanwhile, the EU has much capital and therefore, when the EVFTA and EVIPA become effective, more flows of capital from the EU will be poured into Vietnam.

However, to that end, Vietnam has to make thorough preparations in terms of basic infrastructure such as electricity, water, industrial zones and human resources to welcome European investors, he added.

EVFTA to fuel Vietnam – Italy trade
A workshop held recently in Perugia, Italy, discussed opportunities for business investments between Vietnamese and Italian firms once the EU-Vietnam Free Trade Agreement (EVFTA) come into effect.
 
NA leader calls for Hungary’s support of EVFTA approval
National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan has called for the Hungarian parliament’s support to speed up the approval of the European Union-Vietnam Free Trade Agreement (EVFTA), thus opening up new cooperation opportunities between Vietnam and members of the EU, including Hungary.
 
EVFTA has positive impact on Vietnam’s economy: European firms
The business members of the European Chamber of Commerce in Vietnam (EuroCham) are optimistic about the Europe-Vietnam Free Trade Agreement (EVFTA)’s impacts on Vietnamese economy, with nearly 80 percent predicting a rosy future.
 
EVFTA helps boost Vietnam – France economic partnership
A seminar on boosting Vietnam – France economic ties via the EU – Vietnam Free Trade Agreement (EVFTA) took place in Paris on December 20, attracting about 100 participants.
 
EVFTA expected to be signed late 2018
Bernd Lange, Chairman of the European Parliament’s Committee on International Trade, has said he expects the European Union-Vietnam Free Trade Agreement (EVFTA) to be signed at the Asia-Europe Meeting Summit in October or sometime in November this year.
 

Source: VNA

EVFTA, Vietnam’s competitiveness, European Union, Vietnam Free Trade Agreement, Vietnamese entrepreneurs, strict technical barriers
 
New comment has just been added. Click here
Sort:NewBest News