The Review Vietnam's legal framework against commitments under EVFTA on Investment17/04/2017 126
By: WTO and International Trade Center - VCCI
Investment is one of the committed sectors that could have direct effects and make considerable changes to the situation of Vietnam's current domestic legislations and policies during EVFTA implementation process. The principles of investment liberalization and protection based on European standards are higher than that of Vietnam's current ones. In addition, Vietnam's market access commitments in service sectors for EU's investors under EVFTA are significantly broader than that under WTO. Therefore, it is necessary to review Vietnam's investment-related legislations against EVFTA commitments to clarify differences and make amendments of Vietnam's legal framework for a purpose of achieving compatibility.
The review of Vietnam's legal framework against EVFTA commitments on Investment is conducted by Vietnam Chamber of Commerce and Industry (VCCI) with analyses about the compatibility of Vietnam's legal framework against commitments from the perspectives of its firms. From this, recommendations are made to guarantee the conformity to the Agreement in the most beneficial ways for firms.
This Review belongs to a series of reviews of Vietnam's legal framework against EVFTA commitments on five important aspects (including Investment, Government procurement, Intellectual property, Customs and trade facilitation, and Transparency). All of these reviews are carried out by Vietnam Chamber of Commerce and Industry (VCCI) in the Program titled "The readiness of Vietnam's legal framework in implementing EVFTA" with the supports of the Embassy of the United Kingdom of Great Britain and North Ireland in Vietnam.
The publication is attached below: