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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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The EU – Việt Nam free trade agreement (EVFTA) will help enhance the national competitiveness of Việt Nam, according to a report launched by the European Chamber of Commerce (Eurocham) in HCM City on Tuesday.

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European businesses expressed their support for the signing and ratification of a free trade agreement between the European Union (EU) and Vietnam (EVFTA) at a conference on October 8.

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The EU is the third largest trade partner of Việt Nam and one of the country’s two biggest export markets. Two-way trade grew 12-fold to US$50.4 billion in 2017 from only $4.1 billion in 2000.

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According to the recent EuroCham’s Business Climate Index (BCI), European companies continue to remain optimistic about Vietnam’s business environment as well as the EU-Vietnam Free Trade Agreement (EVFTA) which will come into effect in 2019.

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The European Commission and Vietnam’s Ministry of Trade and Industry have agreed on the final text for the EU-Vietnam Free Trade Agreement (EVFTA), formally concluding the legal review of the document.

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The European Commission and Vietnam’s Ministry of Trade and Industry have agreed on the final text for the EU-Vietnam Free Trade Agreement (EVFTA), formally concluding the legal review of the document. They also concluded discussions on an investment protection agreement. It is expected that the EVFTA will be signed this September and take effect in early 2019.

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A seminar highlighting economic cooperation between Lombardy region of Italy and Vietnamese cities and provinces took place in Milan city on June 29.

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The deal could increase the value of Vietnam’s exports value into the EU to $16 billion in the first one or two years.

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The tax incentive mechanism of the EU-Việt Nam Free Trade Agreement (EVFTA) will bring great benefits to Vietnamese industries and products, according to Minister of Industry and Trade Trần Tuấn Anh.— Photo tuoitre.vn

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