The World Bank (WB) has issued several recommendations to help Vietnam enhance its international integration and capitalise on the EU-Vietnam Free Trade Agreement (EVFTA), which is expected to come into effect shortly.

The EU-Việt Nam Free Trade Agreement (EVFTA) is expected to bring great opportunities for many economic sectors, including seafood, footwear and textiles. However, Việt Nam's goods will face many anti-dumping lawsuits and trade remedies imposed by importing countries.

With the Vietnam-EU Free Trade Agreement (EVFTA) set to take effect in July after gaining the approval of the National Assembly, the pact is set to open up a wealth of opportunities for local businesses to boost production and exports, although some believe that there are potential risks of trade conflicts occurring

The EU-Vietnam Free Trade Agreement () was approved by the European Parliament in February 2020 and is expected to be approved by the National Assembly of Vietnam at its meeting in mid-2020. Although the outbreak may delay the meeting, the approval of the Agreement is a top priority.

The Vietnam - EU Free Trade Agreement (EVFTA) is expected to have a positive impact on employment and social welfare, with the number of jobs and the wages of workers poised to increase, according to the Ministry of Industry and Trade (MoIT).

Free trade agreements (FTA), including the latest one signed between Việt Nam and the EU, will benefit the domestic fertiliser sector, with more diverse import and export markets, experts said.

The European Union (EU) – Việt Nam Free Trade Agreement (EVFTA) will officially take effect for both the EU and Việt Nam after the National Assembly ratifies and the two sides complete the notification procedures under the agreement.

The EU-Vietnam Free Trade Agreement (EVFTA) was approved by the European Parliament in February 2020 and is expected to be approved by the National Assembly of Vietnam at its meeting in mid-2020. Although the COVID-19 outbreak may delay the meeting, the approval of the Agreement is a top priority.

The National Assembly Standing Committee (NASC) has asked relevant agencies to complete the dossier on the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) for submission to the NASC at its 44th session, scheduled for mid-April this year.

The European Council on March 30 passed a decision to ratify the EU-Vietnam Free Trade Agreement (EVFTA), paving the way for the deal to come into force.