Today: 28/10/2020 21:13:15 (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

NA passes resolution relating to EVIPA

Legislators adopted a resolution recognising and permitting the enforcement of rulings issued by dispute settlement agencies under the EU-Vietnam Investment Protection Agreement (EVIPA) with 95.3% of votes in favour, during the ongoing ninth session of the 14th National Assembly in Hanoi on June 18.

The EVIPA, signed between the European Union (EU) and Vietnam on June 30 last year in Hanoi, is expected to create a favourable environment for Vietnam to attract further investment in categories where the EU holds strengths, such as finance, telecommunications, transport, distribution, processing, hi-tech manufacturing, and clean and renewable energy.

NA, passes resolution, EVIPA, EU-Vietnam Investment Protection Agreement, favourable environment,  renewable energy, investment and business environment

Workers at a manufacturing factory of electronic products in Vietnam.

According to the Ministry of Planning and Investment, the implementation of the commitments in the EVIPA, which was ratified by the National Assembly earlier this month, will encourage Vietnam to improve its institutions and policies, making the country’s investment and business environment more transparent and welcoming.

The deal will offer opportunities for local enterprises to acquire technologies and skills transferred by partners in the EU, improving the competitiveness of the national economy, the ministry said, adding that Vietnam should complete early warning mechanisms to address investment disputes.

EU completes procedures for EVFTA to take effect
In his recent phone talks with European Commissioner for Trade Phil Hogan, Minister of Industry and Trade Tran Tuan Anh exchanged views on a number of issues related to the European Union – Vietnam Free Trade Agreement (EVFTA) and bilateral cooperation and trade in the context of the raging Covid-19 pandemic.
 
Ministry implements procedures for EVFTA ratification
The Ministry of Industry and Trade has been coordinating with relevant ministries and departments to complete all necessary procedures for the ratification of the EU-Vietnam Free Trade Agreement (EVFTA).
 
Trade minister asks for optimising EVFTA commitments
Minister of Industry and Trade Tran Tuan Anh on February 26 asked relevant departments and agencies to optimise commitments in the European Union – Vietnam Free Trade Agreement (EVFTA) which will take effect later this year.
 
Veggie, fruit exporters seek new markets through EVFTA
The recent ratification of the European Union-Vietnam Free Trade Agreement (EVFTA) by the European Parliament (EP) is expected to help with the market expansion of Vietnamese farm produce, including fruits and vegetables, in the face of the coronavirus outbreak disease (COVID-19), according to insiders.
 
EVFTA gives new boost to Vietnam-Czech Republic economic ties
The European Parliament (EP)’s ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement on February 12 has been applauded in the Czech Republic.
 

Source: NDO/VNA

NA, passes resolution, EVIPA, EU-Vietnam Investment Protection Agreement, favourable environment, renewable energy, investment and business environment
 
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