The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) will help promote the comprehensive partnership and trade relations between Vietnam and the EU, as heard a seminar held in Brussels on June 24.
At the seminar held by the EGMONT- the Royal Institute for International Relations in collaboration with the EU-Vietnam Business Network on June 24 (Photo: VNA)
Brussels (VNA) – The EU-Vietnam Free Trade Agreement (EVFTA) and theEU-Vietnam Investment Protection Agreement (EVIPA) will help promote thecomprehensive partnership and trade relations between Vietnam and the EU, asheard a seminar held in Brussels on June 24.
The event, organised by the EGMONT- the Royal Institute for InternationalRelations in collaboration with the EU-Vietnam Business Network, took place inthe context that both sides are accelerating the signing of the two tradepacts, hoping that they will be inked by the end of this month.
In his remarks, Vietnamese Ambassador to Belgium and head of the Vietnamesemission to the EU Vu Anh Quang stressed that Vietnam has worked to meetcommitments related to labour standards stipulated in the EVFTA.
The EVFTA and the EVIPA are ambitious trade deals between the EU and adeveloping nation based on legal regulations, he said, adding that under theEVFTA, 99 percent of tariff lines will be removed, and many other non-tariffbarriers will be reduced for both sides, while the EVIPA helps protect andenhance EU investments in Vietnam, making the Southeast Asian country become aproactive trade and investment hub of the EU firms in the region.
Scholars at the event said that commitments under the two deals are importantto improve the market mechanism and investment climate with a view tofacilitating business of EU enterprises. Thus, they agreed that the two pactsare considered as important legal frameworks to bolster trade and investment relationsbetween the two sides.
Some EU firms who have run successful business in Vietnam shared theirinvestment experience, and discussed attractive trade opportunities in themarket.
As one of the fastest growing economies in Southeast Asia, Vietnam has become apromising destination for European businesses. Both Vietnam and the EU haveseen huge potential in trade exchange across the field of automobile,industrial machine, sewage treatment, food & beverage, pharmaceuticals,garment and textiles, among others.-VNA
The visits to Romania and the Czech Republic by Prime Minister Nguyen Xuan Phuc reaffirmed Vietnam’s wish to step up the friendship and multi-faceted cooperation with traditional friends in Central and Eastern Europe, with Romania and the Czech Republic as prioritized partners.
Prime Minister Nguyen Xuan Phuc said on May 27 that Vietnam hopes that Swedish investors and businesses will cooperate with and invest in the Southeast Asian nation.
Minister of Industry and Trade Tran Tuan Anh on June 18 met with representatives from several European business associations to discuss measures to speed up the signing of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) as part of his working visit to the EU and Belgium.
Members of the European Union (EU) have expressed their wish to promote cooperation with Vietnam, including the earliest possible signing of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA), EU Trade Commissioner Cecilia Malmström has said.
The development potential for trade partnership between Vietnam and the EU is bright thanks to abundant opportunities brought by the soon-to-be-signed EU-Vietnam Free Trade Agreement (EVFTA), according to a German expert.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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.
At the seminar held by the EGMONT- the Royal Institute for International Relations in collaboration with the EU-Vietnam Business Network on June 24 (Photo: VNA) 
