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In a meeting with Swiss President Ueli Maurer yesterday, PM Phúc said Việt Nam attached importance to consolidating and strengthening its ties with Switzerland.

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The EU-Vietnam Free Trade Agreement (EVFTA) may not be ratified as soon as expected if Vietnam makes no progress in addressing key labor issues, experts warned.

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The EU-Vietnam Free Trade Agreement (EVFTA) is hoped to usher in a new period in promoting cooperation and mutual economic development between the two sides as it comes into effect in mid-2019, according to Italian experts.

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With the EU being among the largest importers of Vietnam’s wood products, the upcoming adoption of the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement between Vietnam and the European Union will help Vietnam both attract more European investment and boost its wood product exports to not only the EU, but also many other markets.

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The European Parliament and Council have been urged by Human Rights Watch (HRW) to postpone the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) until Hanoi relaxes its restrictions on citizens’ rights.

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Vietnam will be able to boost its wood exports when the Vietnam-European Union Voluntary Partnership Agreement on Forest Law Enforcement, Governance, and Trade (VPA/FLEGT) takes effect, said Permanent Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.

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The EU-Vietnam Free Trade Agreement is set to be inked over the next few months, and then await official ratification, with huge benefits and opportunities laying ahead for Vietnam and EU investors in the country.

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A seminar on boosting Vietnam – France economic ties via the EU – Vietnam Free Trade Agreement (EVFTA) took place in Paris on December 20, attracting about 100 participants.

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The Vietnamese Government and the European Commission (EC) have pledged to carry out the Europe-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) in a timely and effective manner.

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Vietnam and the EU recently completed the legal review of their EU Vietnam Free Trade Agreement (EVFTA). The agreement will now be translated into 22 EU official languages and sent to the European Parliament for final approval. Along with the FTA, EU and Vietnam has also concluded their discussions on an Investment Protection Agreement (IPA), which they decided to keep it separate from the FTA. The IPA, which is currently undergoing a legal review, aims to protect investors and investments in EU and Vietnam.

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