The landmark Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been in force for more than a year now, influencing the trade activities of member economies. Senior economist Nguyen Mai digs into its impacts on the local economy and how benefits can be maximised for the sake of Vietnam’s sustainable development in the forthcoming years.   Unlike the country’s engagement...

With the ratification of the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement, the floodgates are expected to open for a new wave of European investment into the Vietnamese market, especially in services, ICT, finance, transport, and distribution. Swedish technology giants Ericsson and ABB are partnering and planning to establish a smart manufacturing production facility in Vietnam this...

The newly-ratified EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) will help to usher in a new economic era with the correct preparation. Minister of Industry and Trade Tran Tuan Anh talked to VIR’s Phuong Thu about the significance of the agreements and their implications on key sectors across the country. How important are the EVFTA and...

Businesses in logistics and agricultural processing are embracing ambitious expansion plans to effectively cash in on opportunities from the EU-Vietnam Free Trade Agreement (EVFTA). Tan Cang Waterway Transport JSC (a subsidiary of Saigon Newport Corporation) has just pressed into use the Hoang Anh-Lokaport inland clearance depot of over 6.8 hectares in total space in the northern province of Hai Duong. The...

The European Union entry ban on its wide borders, which came into effect last week, comes in a crucial year for Vietnamese exporters to the EU, leading to the EU-Vietnam Free Trade Agreement to become ever more important for both sides in the year to come. Every week, Vina T&T Group, a pioneer in exporting fruit to worldwide markets, has...

The EU-Vietnam Free Trade Agreement and Investment Protection Agreement raise many hopes for all of Vietnam’s economic sectors. John Campbell, manager of Industrial Services from Savills Vietnam, assesses the impacts of these new agreements on the Vietnamese industrial sector. Last year, Vietnam’s manufacturing and processing sector experienced continued growth amid the US-China trade dispute, including exciting new investments. Arguably, the...

The 26th ASEAN Economic Ministers (AEM)’ Retreat has approved Vietnam’s 12 prioritised initiatives on economic cooperation in ASEAN during the ASEAN Chairman Year 2020. The 26th AEM Retreat took place in the central city of Da Nang on March 10 under the chair of Vietnamese Minister of Industry and Trade Tran Tuan Anh. The initiatives focused on e-commerce, trade in goods,...

Enhancing intra-ASEAN trade and investment is important for a cohesive and responsive ASEAN. This was stated by Vu Ho, director-general of the ASEAN Department under the Vietnamese Ministry of Foreign Affairs, at a high-level symposium on intra-ASEAN trade and investment in Ha Noi on Friday. The director-general also said that unprecedented transformation in the global economy and technological advances had brought...

The Vietnamese National Assembly will vote on the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) at its ninth session taking place in the middle of April. The National Assembly Standing Committee (NASC) proposed the government to assign ministries and relevant agencies to complete the dossier on the ratification of the EU-Vietnam Free Trade Agreement (EVTA) to submit to the...

The conclusion of text-based negotiations for the Regional Comprehensive Economic Partnership (RCEP) in November 2019 paves the way for the economies of the Association of Southeast Asian Nations (ASEAN) to strengthen their economic integration with five of its dialogue partners, namely Australia, the People’s Republic of China, the Republic of Korea, Japan, and New Zealand. The economic integration of ASEAN into...