European Parliament urges acceleration of signing of EVFTA
Many members of the European Parliament have urged acceleration of the completion of documents and relevant procedures for the signing and ratification of the Free Trade Agreement between Vietnam and the EU (EVFTA).
Vietnamese Ambassador to Belgium and Head of the Vietnam Mission to the EU Vuong Thua Phong speaks at the meeting (Photo: VNA)
Brussels (VNA) – ൩Many members of the European Parliament have urged acceleration of the completion of documents and relevant proceduresfor the signing and ratification of the Free Trade Agreement between Vietnam and the EU(EVFTA).
At ameeting held by the EP’s Committee on International Trade (INTA) in Brussels onFebruary 20 to review the progress of the EVFTA, the participants lauded the role of the EVFTA for both Vietnamand the EU. Speakingat the event, Vietnamese Ambassador to Belgium and Head of the Vietnam Missionto the EU Vuong Thua Phong providedinformation on Vietnam’s efforts in economic reform and stepping up regionaland international integration, affirming that the country has always valued itsrelations with the EU. Vietnam – EU tradeturnover hit a new height in 2017 at nearly 52 billion USD. The EU is now oneof the top five foreign investors and also the largest non-Asian investor inVietnam with 2,000 projects worth 22 billion USD. Voicing his hopefor the early ratification and implementation of the EVFTA, the Vietnamesediplomat said that the trade agreement will open up more chances in trade andinvestment, helping the two sides to promote their strengths and serving as animportant preparation for an FTA between the EU and ASEAN in the future. Vietnam will continueto work hard on issues of EU concerns related to the amendment of the country’sLabour Law and participation in some conventions of the International LabourOrganisation, and the combination of trade and sustainable development. The European Commissionis expected to work with Vietnam to complete documents of the EVFTA before theend of March for official submission to the European Council. The agreementwill be submitted to the European Parliament for ratification in the last sixmonths of 2018.-VNA
Vietnam and the European Union are working to finalize legal and language – related issues for the EU-Vietnam free trade agreement (EVFTA) towards the official signing and ratification of the trade deal next year
The European Trade Policy and Investment Support Project (EU-MUTRAP) has helped Vietnam further integrate into the global and regional trading systems while promoting Vietnam-EU trade and investment relations, said Deputy Minister of Industry and Trade Hoang Quoc Vuong.
As 2018 brings newer and bigger FTAs, Vietnamese enterprises are faced with tough choices. They can either adapt and move up the global supply chain, or stand by while imported goods flood the country’s market.
Portugal backs the early signing of the EU-Vietnam Free Trade Agreement, Portuguese Minister of Foreign Affairs Augusto Santos Silva told Deputy Prime Minister Vuong Dinh Hue during their meeting in Lisbon.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Vietnamese Ambassador to Belgium and Head of the Vietnam Mission to the EU Vuong Thua Phong speaks at the meeting (Photo: VNA) 
