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PM approves project to implement EVFTA

The Prime Minister has approved a plan to implement the EU-Vietnam Free Trade Agreement (EVFTA).
PM approves project to implement EVFTA ảnh 1Prime Minister Nguyen Xuan Phuc (middle) poses for a photo with delegates of a conference on EVFTA (Photo: VNA)
Hanoi (VNA) - The Prime Minister has approved a plan to implementthe EU-Vietnam Free Trade Agreement (EVFTA).

The plan aims to assign tasks and responsibilities to agencies andorganisations to decide on measures to implement the agreement.

To achieve this, in addition to regular tasks, ministries, governmentalagencies and People's Committees of centrally-run provinces and cities need toconcretise and organise the implementation of basic tasks such as communicatinginformation about EVFTA and markets of EU countries; building laws,institutions; and improving competitiveness and developing human resources.

They must also promote trade and investment promotion programmes in EUcountries to inform business communities of other countries about theopportunities and advantages of Vietnamese business and investment environmentand attract foreign investment in key areas.

Along with that comes building programmes to support and improvecompetitiveness for industries and businesses, while preparing solutions forindustries and commodities greatly affected by the agreement and helpingVietnamese enterprises participate in regional and global production networks,value chains and supply chains.

In addition, they must focus on industrial restructuring, creating a foundationfor industrialisation and modernisation; accelerating restructuring agricultureand rural economy; strengthening measures and mechanisms to encourage andorient foreign-invested enterprises to connect with domestic enterprises,contributing to the formation and development of supply chains./.
VNA

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