EVFTA gives new boost to Vietnam-Czech Republic economic ties
The European Parliament (EP)’s ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement on February 12 has been applauded in the Czech Republic.
Vietnam's aquatic products on sale at a supermarket in Ustí nad Labem city, the Czech Republic (Photo: VNA)
Prague (VNA) – The European Parliament (EP)’sratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-VietnamInvestment Protection Agreement on February 12 has been applauded in the CzechRepublic.
Czech member of the EP and EP Vice PresidentDita Charanzova welcomed the ratification, saying the European Commissionsuccessfully negotiated a high-quality agreement.
She held that the EVFTA will create conditionsfor opening a new market for Czech companies, and a trade agreement with acountry like Vietnam is important to an export-oriented economy like the CzechRepublic.
She noted Vietnam is a traditional trade partnerof her country, and the deal provides considerable advantages for Czech firmsin trade competition.
Sharing the view, some economic experts of theCzech Republic believed that the EVFTA will generate big opportunities for thetwo countries to expand bilateral economic and trade ties as under thisagreement, almost all tariff barriers will be gradually removed. This will helpCzech businesses to boost exports in the fields they have strength in liketextile-garment, glass, automobile, mechanics, electronic technique, food andchemical manufacturing.
According to the Czech Republic’s ForeignMinistry, the EVFTA will help increase the country’s exports of mechanicalproducts to Vietnam by over 30 percent in the next few years, and Czechenterprises will also have chances to engage in public procurement in Vietnam.
Vice President of the Czech Chamber of CommerceBorivoj Minar said the EVFTA will bring about important benefits to Czechbusinesses since about 85 percent of the country’s exports to Vietnam will besubject to tax exemptions. Besides, it will also help Vietnamese companies toboost shipments to the EU nation.
Reporting on the EVFTA ratification by the EP,Czech media like TV broadcaster Česká televize, economic newspaper Hospodárskenoviny and news website Novinky.cz highlighted the pact’s significance to andbenefits for the economy of the EU, as well as the Czech Republic. They notedthat when coming into force, the EVFTA will provide conditions for expandingtrade and promoting employment and economic growth in both sides through thegradual elimination of 99 percent of tariff lines./.
Media reports in the Czech Republic have highlighted the importance of the EU-Vietnam Free Trade Agreement (EVFTA) for the country and the EU in general after the agreement was approved by the European Parliament (EP) on February 12.
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).
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.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Vietnam's aquatic products on sale at a supermarket in Ustí nad Labem city, the Czech Republic (Photo: VNA) 
