European Parliament urges acceleration of signing of EVFTA

Many members of the European Parliament have urged acceleration of the completion of documents and relevant procedures for the signing and ratification of the Free Trade Agreement between Vietnam and the EU (EVFTA).
At a meeting held by the EP’s Committee on International Trade (INTA) in Brussels on February 20 to review the progress of the EVFTA, the participants lauded the role of the EVFTA for both Vietnam and the EU.
Speaking at the event, Vietnamese Ambassador to Belgium and Head of the Vietnam Mission to the EU Vuong Thua Phong provided information on Vietnam’s efforts in economic reform and stepping up regional and international integration, affirming that the country has always valued its relations with the EU.
Vietnam – EU trade turnover hit a new height in 2017 at nearly US$52 billion. The EU is now one of the top five foreign investors and also the largest non-Asian investor in Vietnam with 2,000 projects worth $22 billion.
Voicing his hope for the early ratification and implementation of the EVFTA, the Vietnamese diplomat said that the trade agreement will open up more chances in trade and investment, helping the two sides to promote their strengths and serving as an important preparation for an FTA between the EU and ASEAN in the future.
Vietnam will continue to work hard on issues of EU concerns related to the amendment of the country’s Labour Law and participation in some conventions of the International Labour Organisation, and the combination of trade and sustainable development.
The European Commission is expected to work with Vietnam to complete documents of the EVFTA before the end of March for official submission to the European Council. The agreement will be submitted to the European Parliament for ratification in the last six months of 2018.


Other news

Most view

HCMC to suffer consequence from plastic waste

HCMC to suffer consequence from plastic waste

Reports from two waste treatment plants operated by Vietstar and Tam Sinh Nghia showed that of 60 tons of plastic garbage in Ho Chi Minh City everyday, a small quantity of plastic bags are recycled; subsequently, the city is highly likely to suffer a lot from plastic pollution.


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market