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Even as many in the region hail a free-trade deal between the European Union and Hanoi for opening up new economic possibilities, analysts say it is unlikely to be a silver bullet for Vietnam’s post Covid-19 recovery. Chinese analysts also think it is unlikely the European Union Vietnam Free Trade Agreement (EVFTA), which was ratified on Tuesday, will result in a substantial number of foreign investors and manufacturers relocating from China to Vietnam.

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The early implementation of the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will ultimately contribute to creating long-term stable frameworks that will benefit the prospects of the comprehensive Vietnam-EU co-operation partnership

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In over 30 years since Vietnam opened its doors to foreign direct investment (FDI), no EU country has so far entered the top 10 countries with a high level of investment in Vietnam. In this context, the EU-Vietnam Investment Protection Agreement (EVIPA) is expected to be a push for Vietnam to receive large investment waves from Europe right as FDI flows are relocated after the COVID- 19 pandemic.

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The EU-Vietnam Free Trade Agreement (EVFTA), which has recently been ratified by the Vietnamese National Assembly, is considered a great opportunity for seafood enterprises to accelerate their exports after the COVID-19 pandemic, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

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Vietnamese Trade Counsellor to Germany Bui Vuong Anh has outlined important notes for domestic enterprises to make the most of the EU-Vietnam Free Trade Agreement (EVFTA).

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Minister of Industry and Trade Tran Tuan Anh and EU Trade Commissioner Phil Hogan reached consensus on the point of time for the EU-Vietnam Free Trade Agreement (EVFTA) to take effect, during their phone talks on June 8.

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With both the European Union-Vietnam Free Trade Agreement (EVFTA) and the European Union-Vietnam Investment Protection Agreement (EVIPA) being adopted by the Vietnam National Assembly, many local firms have pinned their hopes on capitalising on the opportunity to expand into a new export market and develop production.

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The EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA), which were ratified by the National Assembly on the morning of June 8, will offer a golden opportunity for Vietnam to elevate its position on the global trade map, especially in the context of the worldwide COVID-19 crisis, economic analysts believe.

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The EU – Vietnam Free Trade Agreement (EVFTA) will bring great benefits to Vietnam's agricultural sector, according to an official from the European Parliament (EP).

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Experts have suggested Vietnamese enterprises improve product quality standards to overcome barriers imposed by the fastidious yet promising EU market, thus optimising the advantages to be generated from the EU-Vietnam Free Trade Agreement (EVFTA).

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