Minister of Industry and Trade Tran Tuan Anh on June 18 met with representatives from several European business associations to discuss measures to speed up the signing of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) as part of his working visit to the EU and Belgium.
Minister of Industry and Trade Tran Tuan Anh (R) meets representatives from several European business associations (Source: VNA)
Brussels (VNA) – Minister of Industry and Trade Tran Tuan Anh on June18 met with representatives from severalEuropean business associations to discuss measures to speed up the signing ofthe EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam InvestmentPromotion Agreement (EVIPA) as part of his working visit to the EU and Belgium.
Anh updated participants on informationrelated to EVFTA and EVIPA, and told them that his ministry is seriously makingspecific action programmes and holding regular dialogues with European businessassociations and other organisations of the EU.
He asked the European business associationsto maintain efforts to help accelerate the European Parliament’s approval ofthe agreements after they are signed.
At the meeting, representatives of the Europeanbusiness associations made proposals to help boost the signing and ratificationof the two deals, and expand EU-Vietnam trade relations.
Talking to the Vietnam News Agency on thesidelines of the meeting, Secretary General of the European AutomobileManufacturers' Association Erik Jonnaert expressed his hope that the two sideswill sign the agreements later this month, and the EP will ratify them in late2019 or early 2020.-VNA
National Assembly Chairwoman Nguyen Thi Kim Ngan and President of the European Commission Jean-Claude Juncker agreed that the signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA) should be sped up for mutual benefits, during their meeting in Brussels on April 4 (local time).
Vietnam’s potential and advantages in investment and trade once the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) take effect were introduced at the ASEAN Trade and Investment Forum in Brussels, Belgium, on April 4.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.