Vietnam and the European Union (EU) are likely to sign the EU-Vietnam Free Trade Agreement (EVFTA) soon, Daniel Muller, ASEAN Regional Manager for the German Asia-Pacific Business Association said.
Berlin (VNA) – Vietnamand the European Union (EU) are likely to sign the EU-Vietnam Free Trade Agreement(EVFTA) soon, Daniel Muller, ASEAN Regional Manager for the German Asia-PacificBusiness Association, said in an interview granted to Vietnam News Agency (VNA)reporters in Germany.
The EVFTA is the bloc’s firstcomprehensive free trade deal with a developing country in Asia. Negotiationsbegan in June 2012 and were completed in December 2015 with contents similar tothose with Japan, Indonesia and Singapore.
The deal needs approval from theEuropean Council, the European Parliament and all EU member countries.
Muller said the EU and Japan,Singapore and Vietnam share interests in free trade agreements, especially at atime when the US is carrying out its trade protectionism policy, withdrew fromthe Trans-Pacific Partnership and denied to deal with common crises inmultilateral free trade.
According to him, Vietnam and the EU reached basicconsensus on the deal in 2015, and Vietnam needs to fix management shortcomingsalready mentioned by the bloc.-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
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.
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).
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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.
Illustrative image (Source: VNA) 
