Hanoi (VNA) – Enterprises should participatein the legislation process of Vietnam’s commitments to the EU-Vietnam Free Trade Agreement (EVFTA) in order to make the most of it, arepresentative from the Vietnam Chamber of Commerce and Industry (VCCI) hassaid.
According to Phung Thi Lan Phuong, the VCCI will besharing information related to the EVFTA with businesses, while conveying recommendationsit receives back to relevant State agencies about amendments to policies andlaws being drawn up to implement the trade pact.
Phuong added that enterprises, business associations and investors are hopingto fully tap the benefits of the EVFTA – one of the most important new-generationFTAs ever signed – to promote export growth and institutional improvements inVietnam.
As the largest organisation representing the Vietnamese business community, theVCCI is ready to support businesses in all issues related to FTAs, including theEVFTA.
The EVFTA and the EU-Vietnam Investment ProtectionAgreement (EVIPA) were ratified by the EuropeanParliament (EP) onFebruary 12. The agreements are expected to take effect in the middle of thisyear.
According to research by theMinistry of Planning and Investment, the deals will help Vietnam increase itsGDP by 4.6 percent and its exports to the EU by 42.7 percent by 2025.Meanwhile, the European Commission has projected the EU’s GDP will increase by29.5 billion USD and its exports to Vietnam by 29 percent by 2035.
The investment commitment will replace bilateral investment agreements betweenVietnam and EU members, helping the country continue reforming its economicstructure, fine tune the business environment and institutions, and facilitateEU investment in Vietnam./.
Textile stocks have been on a temporary upswing thanks to the recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as reduced demand worldwide.
The recently ratified EU-Vietnam Free Trade Agreement (EVFTA) is likely to accelerate trade between Vietnam and Poland, according to International Business Times.
The EU-Vietnam Free Trade Agreement (EVFTA) will create opportunities for Japanese companies to continue expanding operations in Vietnam and boost exports to the EU, according to chief representative of the Japan External Trade Organisation (JETRO) in Hanoi Takeo Nakajima.
The recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) by the European Parliament (EP) is a major success after more than nine years of negotiations, according to David Jarkulisch, an economic diplomat from the Czech Republic.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative image (Photo: Internet) 
