The EU-Vietnam Free Trade Agreement (EVFTA) is a new generation FTA between Vietnam and 27 European Union member states.
It is a comprehensive and high-quality agreement which ensures balanced benefits for both Vietnam and the EU, with consideration for the differences in development levels between the two sides.
Upon entering into force, the EVFTA has been expected to be a huge boost to Vietnam’s exports, helping to diversify markets and exports, particularly agricultural and aquatic products as well as Vietnamese products with competitive advantages.
The agreement includes 17 chapters, two protocols and several attached memorandums, with main contents covering the following aspects
- Trade in goods
- Services, investment liberalisation and e-commerce
- Government procurement
- Intellectual property rights
The EVFTA also covers other aspects including rules of origin, customs and trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, sustainable development, cooperation and capacity building, and legal-institutional issues.
This report will cover remarkable changes the EVFTA brings to Vietnamese economy with following contents:
- Overview of EVFTA
- Government efforts in applying EVFTA effectively
- Overview of trade activities after EVFTA
- Overview of investment activities after EVFTA