The Italian news site has recently published an article highlighting the Vietnamese National Assembly’s ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA) making Vietnam become a gateway for EU to access ASEAN.

Foreign direct investment (FDI) to developing economies in Asia, hit hard by the economic downturn caused by the coronavirus pandemic, are projected to decline by up to 45% in 2020, according UNCTAD’s World Investment Report 2020.

To promote lychee consumption in the remainder of the year with the COVID-19 pandemic, the northern province of Bac Giang has recently collaborated with the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development in organizing a teleconference, which links Bac Giang with 61 sites in cities and provinces nationwide, along with four locations in China, attracting the participation of over 2,300 delegates.

Vietnam’s farming exports in the first five months of 2020 fell by 4.1% to US$15.49 billion due to the coronavirus pandemic. But there are plenty of signs that such a decline will be halted and exports will recover in the remaining months of the year.

The early implementation of the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will ultimately contribute to creating long-term stable frameworks that will benefit the prospects of the comprehensive Vietnam-EU co-operation partnership

The Covid-19 pandemic has been disrupting the global supply chain, limiting import and export activities. Therefore, domestic enterprises have sought to shift supply to the domestic market, helping production and business activities resume in the "new normal".

In over 30 years since Vietnam opened its doors to foreign direct investment (FDI), no EU country has so far entered the top 10 countries with a high level of investment in Vietnam. In this context, the EU-Vietnam Investment Protection Agreement (EVIPA) is expected to be a push for Vietnam to receive large investment waves from Europe right as FDI flows are relocated after the COVID- 19 pandemic.

The EU-Vietnam Free Trade Agreement (EVFTA), which has recently been ratified by the Vietnamese National Assembly, is considered a great opportunity for seafood enterprises to accelerate their exports after the COVID-19 pandemic, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnamese Trade Counsellor to Germany Bui Vuong Anh has outlined important notes for domestic enterprises to make the most of the EU-Vietnam Free Trade Agreement (EVFTA).

Footwear exports to the US have been forecast to struggle in the remaining months of this year due to falling demand, though it recorded a 10 per cent increase in revenue in the first quarter of the year.