Trade

Trade policy and regulation

Vietnam ratifies EU free trade agreement

The National Assembly has ratified the EU-Vietnam Free Trade Agreement, which will cut or eliminate 99 percent of tariffs on goods traded between the two sides.The legislature on Monday also approved the EU-Vietnam Investment Protection Agreement. Up to 94.62 percent of lawmakers voted in favor ...

Anh Minh

Decisive reforms needed for Vietnam to get full EVFTA benefits: WB

Vietnam needs to fill major legal gaps and address key implementation issues to reap the full benefits of the European Union Vietnam Free Trade Agreement (EVFTA) to be ratified by Vietnam’s National Assembly in May, according to a new World Bank report.The report cites the ...

EU-Vietnam: Council gives final green light to free trade agreement

The European Council on March 30 adopted a decision on the conclusion of a free trade agreement (FTA) between the EU and Vietnam. This decision clears the path, on the EU side, for the entry into force of the agreement.Once the Vietnamese National Assembly also ...

Việt Nam to have trade defence early warning system by 2025

Việt Nam plans to develop an early warning system for trade defence by 2025, aiming to promote sustainable exports. The goal was approved by Prime Minister Nguyễn Xuân Phúc on Sunday (8/3).Accordingly, by 2025, an information technology infrastructure system, analysis software and an e-portal would ...

EVFTA offers market gap for national agricultural sector

With the country poised to enjoy immediate tariff cuts right after the Vietnam-EU Free Trade Agreement (EVFTA) comes into effect, especially with regard to tariff reduction on agricultural processed products, there will be plenty of opportunities for local goods to enjoy competitive prices whilst exporting ...

New chapter for the development of Vietnam’s pharmaceutical market

Permitting foreign-invested enterprises to conduct direct imports, Vietnam’s pharmaceutical policies are now more in alignment with international treaties.The change of governmental policy in the pharmaceutical field will affect significantly the local market, from both sides. As a positive, the grant for foreign-invested enterprises (FIEs) will ...

Vietnam, EU to sign EVFTA on June 30 in Hanoi

The European Council announced on June 25 that it has approved the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA), and assigned the EU to sign the deals with Vietnam on June 30 in Hanoi.The EVFTA ...

Vietnam faces threat of trade deficit in 2019

Việt Nam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.Keep reading ...

VNS Reporter

CPTPP trade deal officially takes effect

The 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force on December 30, creating a free trade area covering more than a tenth of the global economy.The CPTPP will cut tariffs on agricultural and industrial products, ease investment regulations and enhance protection ...

Nearly 100 new procedures facilitate National Single Window in 2018

There are 145 administrative procedures by relevant ministries and agencies which have been connected to the National Single Window (NSW), according to the latest data from the General Department of Vietnam Customs.Notably, the number of such procedures in 2018 was up to 98, while from ...

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