Bernd Lange, Chairman of the European Parliament’s Committee on International Trade, has said he expects the European Union-Vietnam Free Trade Agreement (EVFTA) to be signed at the Asia-Europe Meeting Summit in October or sometime in November this year.
A factory of the Lam Giang Yarn Company (Photo: VNA)
Hanoi (VNA) –Bernd Lange, Chairman of the European Parliament’s Committee on InternationalTrade, has said he expects the European Union-Vietnam Free Trade Agreement(EVFTA) to be signed at the Asia-Europe Meeting Summit in October or sometimein November this year.
At a press meeting in Hanoi on July 27, Lange,who is on a working trip to Vietnam, said the EVFTA has now been finalisedafter a series of efforts to solve technical problems. It is now ready to betranslated into the 24 official languages of the European Union (EU) and sentto the 28 member countries for consideration.
With regard to the ratification of the deal, hesaid this is the responsibility of both sides, adding that he hopes theratification will be finished within this term of the European Parliament,which will end around March or April 2019.
He noted that during his visit to Vietnam, hemet with leaders of the Vietnamese Government to discuss such issues as reformsof the Labour Code and amendments to the Trade Union Law.
The two sides need to make efforts to solveoutstanding problems while the European Parliament considers and ratifies thisagreement, the official added.
The EVFTA will bring about a number ofopportunities for both the EU and Vietnamese businesses, thus supporting the developmentof both sides in the long run, Lange affirmed.
He also said that he is impressed with Vietnam’srecent stable economic growth, with its average GDP growth rate of over 6percent.
This agreement will offer Vietnam a chance tograsp better access to the EU market and attract more FDI from the EU, he said,adding that this is of interest for both sides.
Lange also told the press that there are certainchallenges that the EU and Vietnam need to handle, including how to improve awarenessamongst businesses, especially small- and medium-sized enterprises, of theEVFTA’s benefits. Not many small- and medium-sized firms really understand thedirect benefits of this trade pact, and so the two sides should assist companiesin capacity building. –VNA
The upcoming valid EU-Vietnam Free Trade Agreement (EVFTA) will create a strong driving force for fostering Vietnam – EU comprehensive economic partnership via the abolition of 99 percent of import tariffs in the next 7-10 years.
Prime Minister Nguyen Xuan Phuc has said Vietnam treasures its cooperation with the European Union (EU) and expressed his hope that the EU-Vietnam Free Trade Agreement (EVFTA) will be signed soon.
Vietnam and the European Union (EU) have finished the legal review process for their free trade agreement (FTA) and reached agreement on the entire of the bilateral investment protection deal.
The tax incentive mechanism of the EU-Vietnam Free Trade Agreement (EVFTA) will bring great benefits to Vietnamese industries and products, according to Minister of Industry and Trade Tran Tuan Anh.
The EU-Vietnam Free Trade Agreement (EVFTA) was concluded and officially signed in Belgium’s Brussels on June 25. The deal is considered a comprehensive and high-quality deal which ensures mutual bene
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A factory of the Lam Giang Yarn Company (Photo: VNA) 
