As of May 11, 2016, Vietnam has committed on services market access for foreign investors in the WTO framework and several bilateral or multilateral agreements, especially the Trans-Pacific Partnership Agreement (TPP) and the Free Trade Agreement between Vietnam and European Union (EVFTA). According to preliminary statistics, Vietnam has committed to enable market access for all of 12 services sectors with over 150 services sub-sectors. In fact, with the management method and adoption of policies segmenting in services sectors, the system of policies and legislations on Vietnam’s services market access for foreign investors is particularly complex not only in quantity of documents, but also in the methods and mechanisms of enabling market access in these documents.
This Review of Vietnamese legal framework against the commitments on services market access under the WTO, TPP and EVFTA is conducted with the aim of creating an overview of the extent of Vietnam’s services market access in comparison with the WTO, TPP and EVFTA commitments on this issue, thereby creating the first foundation for the transparency of services markets institution, contributing to the liberalization process of this important economic sector
This Review is in the series of 09 Reviews of Vietnam legal framework against the TPP and EVFTA commitments on major institutional sectors(including Investment, Government Procurement, Intellectual Property, Customs and Trade Facilitation, Transparency, Services Market Access), prepared by the Vietnam Chamber of Commerce and Industry (VCCI) within the framework of 02 stages of the Program: Review Vietnam legal framework against institutional commitments in the new-generation free trade agreements with the support of the Embassy of United Kingdom of Great Britain and Northern Ireland in Vietnam.
We respectfully introduce you Reviewing Vietnam legal framework against WTO, EVFTA and TPP commitments on Services Market Access for Foreign Investment
Please find the Review attached hereunder.