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According to the World Bank, Vietnam has one of the fastest growing economies in the world—7.1% GDP growth in 2018, and 6.7% at the mid-point of 2019.

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EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) are expected to considerably increase European investment in Vietnam.

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In order to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA), experts say Vietnamese enterprises should pay more attention to intellectual property rights.

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China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase. The escalating tension between the two world powers is predicted to have negative impacts on Vietnam’s trade in the short term.

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The European Union (EU) considers Vietnam a leading partner in the region and is implementing many specific policies and measures to enhance its cooperative relations with the Southeast Asian country, a senior EU official said on August 5.

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Nearly 90% of the input materials for the industry is currently being imported from countries which are not members of the EU or those which the bloc has signed trade deals with. 

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The EU wants to promote the relationship with Vietnam and other ASEAN nations, among those, Vietnam is the one which signed the most agreements and co-operation programs with the EU and had the highest number of students studying in the union. 

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The signing of two important agreements, including the EU - Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), not only opens a new chapter in trade and investment relations between the two economies but also makes Vietnam become a focal point of global trade and investment flows.

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The textile and garment industry’s exports were worth US$32 billion last year and they are expected to reach $40 billion this year.

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The EU-Vietnam free trade agreement (EVFTA) is expected to bring great opportunities for exporters of Vietnam and the Mekong Delta region in particular.

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