EU-Vietnam Investment Protection Agreement goes through Czech lower house
The Chamber of Deputies (Lower House) of the Parliament of the Czech Republic has passed a resolution supporting some international agreements, including the EU-Vietnam Investment Protection Agreement (EVIPA), according to public broadcaster Česká Televise.
Once the EVFTA comes into force, the EU will eliminate import duties on nearly 86 percent of tariff lines for Vietnam and over 99 percent after seven years. (Illustrative image. Source: VNA)
Prague (VNA) – The Chamber ofDeputies (Lower House) of the Parliament of the Czech Republic has passed aresolution supporting some international agreements, including the EU-VietnamInvestment Protection Agreement (EVIPA), according to public broadcaster ČeskáTelevise.
The EVIPA was adopted by the Czech Senate inlate January this year.
The Czech government evaluated that the EVIPA,along with the EU-Vietnam Free Trade Agreement (EVFTA), will contribute to theliberalisation of investment environment and enhancement of economic and tradecooperation with Vietnam.
According to statistics of the Czech government,Czech companies have so far invested in 34 projects worth 90 million USD inVietnam, focusing on banking and production. Tourism is also a promising area.
The European Parliament (EP) on February 12 approvedthe EVFTA and EVIPA at a plenary session in Strasbourg, France.
These are important decisions that were muchexpected by 27 EU member states and Vietnam, especially the business community,after nearly eight years since the two sides started negotiating the EVFTA inJune 2012.
Once the EVFTA comes into force, the EU willeliminate import duties on nearly 86 percent of tariff lines for Vietnam and over99 percent after seven years.
Vice versa, Vietnam will remove import duties on48.5 percent of tariff lines for the EU, 91.8 percent after seven years, and98.3 percent after 10 years./.
The recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) by the European Parliament (EP) has both strategic and economic importance in the relations between Vietnam and the European Union (EU), Permanent Deputy Foreign Minister Bui Thanh Son has said.
The European Parliament’s ratification of the European Union – Vietnam Free Trade Agreement (EVFTA) on February 12 will open up a golden opportunity to improve value chains, said President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.
Prime Minister Nguyen Xuan Phuc described the European Parliament’s ratification of the EU-Vietnam Free Trade Agreement and EU-Vietnam Investment Protection Agreement as a great event of the year that marks the 30th anniversary of Vietnam-EU diplomatic relations.
The Government is set to issue a decree on the lists of preferential export tariffs and special preferential import tariffs to implement the EU-Vietnam Free Trade Agreement (EVFTA) when the deal comes into force in Vietnam.
The government portal held a seminar in Hanoi on February 14 to review the decade-long efforts on the European Union – Vietnam Free Trade Agreement (EVFTA).
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
Once the EVFTA comes into force, the EU will eliminate import duties on nearly 86 percent of tariff lines for Vietnam and over 99 percent after seven years. (Illustrative image. Source: VNA) 
Source: VNA
