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The European Parliament and Council have been urged by Human Rights Watch (HRW) to postpone the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) until Hanoi relaxes its restrictions on citizens’ rights.

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Vietnam will be able to boost its wood exports when the Vietnam-European Union Voluntary Partnership Agreement on Forest Law Enforcement, Governance, and Trade (VPA/FLEGT) takes effect, said Permanent Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.

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The EU-Vietnam Free Trade Agreement is set to be inked over the next few months, and then await official ratification, with huge benefits and opportunities laying ahead for Vietnam and EU investors in the country.

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A seminar on boosting Vietnam – France economic ties via the EU – Vietnam Free Trade Agreement (EVFTA) took place in Paris on December 20, attracting about 100 participants.

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The Vietnamese Government and the European Commission (EC) have pledged to carry out the Europe-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) in a timely and effective manner.

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Vietnam and the EU recently completed the legal review of their EU Vietnam Free Trade Agreement (EVFTA). The agreement will now be translated into 22 EU official languages and sent to the European Parliament for final approval. Along with the FTA, EU and Vietnam has also concluded their discussions on an Investment Protection Agreement (IPA), which they decided to keep it separate from the FTA. The IPA, which is currently undergoing a legal review, aims to protect investors and investments in EU and Vietnam.

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The EU – Việt Nam free trade agreement (EVFTA) will help enhance the national competitiveness of Việt Nam, according to a report launched by the European Chamber of Commerce (Eurocham) in HCM City on Tuesday.

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European businesses expressed their support for the signing and ratification of a free trade agreement between the European Union (EU) and Vietnam (EVFTA) at a conference on October 8.

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The EU is the third largest trade partner of Việt Nam and one of the country’s two biggest export markets. Two-way trade grew 12-fold to US$50.4 billion in 2017 from only $4.1 billion in 2000.

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According to the recent EuroCham’s Business Climate Index (BCI), European companies continue to remain optimistic about Vietnam’s business environment as well as the EU-Vietnam Free Trade Agreement (EVFTA) which will come into effect in 2019.

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