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The impending European Union - Vietnam Free Trade Agreement (EVFTA) is poised to provide fresh impetus to the local economy, especially in the context of the nation making great strides to revive its economic outlook in the period following the novel coronavirus (COVID-19), according to insiders.

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The Vietnam Chamber of Commerce and Industry (VCCI) said on May 27 it is actively promoting the dissemination of the EU-Vietnam Free Trade Agreement (EVFTA) among the country’s business community, helping them grasp opportunities and access incentives when the deal is implemented.

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The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) are expected to create new momentum for the comprehensive cooperative partnership between the two sides, Vice Spokesman of the Ministry of Foreign Affairs Doan Khac Viet has said.

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The Import and Export Department under the Ministry of Industry and Trade has set up different working groups to implement the the EU-Việt Nam Free Trade Agreement (EVFTA).

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The EU-Vietnam Free Trade Agreement (EVFTA) will require Vietnamese businesses to overcome their own barriers in order to fully participate in the trade deal and enjoy its benefits, Nguyen Dinh Cung, former Director of the Central Institute for Economic Management (CIEM), has stated.

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The Vietnam-EU Free Trade Agreement (EVFTA) and Vietnam-EU Investment Protection Agreement (EVIPA) have been submitted to the National Assembly for consideration and approval on May 28.

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In February, the European Parliament adopted the EU–Vietnam Free Trade Agreement (EVFTA). This is the most comprehensive and ambitious EU trade agreement with a developing country.

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Economic cooperation between Vietnam and the European Union (EU) is about to turn a new page in history as the Vietnamese National Assembly is moving very close to ratifying the EU-Vietnam Free Trade Agreement (EVFTA).

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Việt Nam needs to fill major legal gaps and address key issues to reap the full benefits of the European Union Vietnam Free Trade Agreement (EVFTA).

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Vice President Đặng Thị Ngọc Thịnh said the EU- Vietnam Free Trade Agreement (EVFTA) was a comprehensive and fair deal that represented both Việt Nam and the EU's rights and interests at a National Assembly meeting on Wednesday in Hà Nội.

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