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Vietnam strives to avoid MFN tariffs by EAEU

The Department of Trade Defence under the Ministry of Industry and Trade will begin releasing Vietnam’s export data to the Eurasian Economic Union (EAEU) on a monthly basis to help local businesses avoid Most Favoured Nation (MFN) tariffs.

The Department of Trade Defence under the Ministry of Industry and Trade will begin releasing Vietnam’s export data to the Eurasian Economic Union (EAEU) on a monthly basis to help local businesses avoid Most Favoured Nation (MFN) tariffs. 

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Expanding Bilateral Trade between the EAEU and Vietnam

Signed more than one and a half years ago, the Vietnam-Eurasian Economic Union Free Trade Agreement (VN-EAEU FTA) has led to a rapid growth in bilateral trade between Vietnam and the EAEU. The FTA has opened up a market of 183 million people, with a combined GDP of US$2.2 trillion for the Vietnamese firms.

Signed more than one and a half years ago, the Vietnam-Eurasian Economic Union Free Trade Agreement (VN-EAEU FTA) has led to a rapid growth in bilateral trade between Vietnam and the EAEU. The FTA has opened up a market of 183 million people, with a combined GDP of US$2.2 trillion for the Vietnamese firms.

Bilateral trade

2017

In 2017, bilateral trade between Vietnam and EAEU grew by 31 percent compared to 2016, to US$3.9 billion. In addition, Vietnam also had a trade surplus of almost US$1 billion with the union.

2018

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EVFTA: Improve Vietnam’s position in ASEAN

Being considered as a comprehensive trade agreement and having high feasibility, the EU-Vietnam Free Trade Agreement (EVFTA) is expected to bring Vietnam to a new position in ASEAN.

Being considered as a comprehensive trade agreement and having high feasibility, the EU-Vietnam Free Trade Agreement (EVFTA) is expected to bring Vietnam to a new position in ASEAN.

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Businesses prepare for the Vietnam– EAEU FTA

Five out of six countries in the Eurasian Economic Union (EAEU) have ratified the Vietnam–EAEU Free Trade Agreement, which will officially take effect this September.

Five out of six countries in the Eurasian Economic Union (EAEU) have ratified the Vietnam–EAEU Free Trade Agreement, which will officially take effect this September.

For two years, Russia has been the main export market for Hồ Gươm Garment Joint Stock Company. According to a representative of this company, the agreement will open up new export opportunities to the five countries in the Eurasian Economic Union (EAEU), while at the same time, removing difficulties in payment methods in these markets.

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Facts and figures: Free Trade Agreement between EU and Vietnam

Yesterday, EU Trade Commissioner Cecilia Malmström and Vietnamese Minister of Industry and Trade Vu Huy Hoang agreed in principle on a comprehensive and ambitious trade and investment agreement.

Yesterday, EU Trade Commissioner Cecilia Malmström and Vietnamese Minister of Industry and Trade Vu Huy Hoang agreed in principle on a comprehensive and ambitious trade and investment agreement. The final legal texts will have to be ironed out by negotiators after the summer break, but the substance of the deal has been agreed.

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