Resolutions ratifying EVFTA, EVIPA sail through legislature
The National Assembly passed resolutions ratifying the EU – Vietnam Free Trade Agreement (EVFTA) and Investment Protection Agreement (EVIPA) at its ongoing ninth session in Hanoi on June 8.
Lawmakers passed the resolutions ratifying the EVIPA at an approval rate of 94.62 percent (Photo: VNA)
Hanoi (VNA) – The National Assembly passed resolutionsratifying the EU – Vietnam Free Trade Agreement (EVFTA) and InvestmentProtection Agreement (EVIPA) at its ongoing ninth session in Hanoi on June 8.
The EVFTA received approval of 95.45 percent of voters,while the figure for EVIPA was 94.62 percent.
Both agreements were signed between Vietnam and the EU inHanoi on June 30, 2019.
The NA’s resolution ratifying the EVFTA stipulates thedirect application of the full trade pact excluding clauses 2, 3, 4, and 5 in Article3.57 of Chapter 3. To carry out the excluded terms, the NA will issue aresolution on approving and allowing the enforcement of judgments by agencieshandling investment conflicts under the agreement.
Full content of the EVIPA is also applied directly asstipulated by the resolution ratifying it. The pact is set to be applied to theUK from the time it taking effect to December 31 this year. The duration can beextended to a maximum of 24 months following the agreement between Britain andthe EU on the withdrawal of the nation from the bloc./.
Lawmakers are scheduled to vote for resolutions ratifying the European Union (EU)-Vietnam Free Trade Agreement (EVFTA), and the EU-Vietnam Investment Protection Agreement (EVIPA) at plenary meetings during the second round of the ninth session of the 14th National Assembly in Hanoi from June 8-13.
The enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) will promote export-import activities, thus bringing direct benefits to the country's logistics industry, experts have said.
The National Assembly started the second phase of the ninth session in Hanoi on June 8, with lawmakers scheduled to vote on resolutions ratifying the European Union (EU)-Vietnam Free Trade Agreement (EVFTA), and the EU-Vietnam Investment Protection Agreement (EVIPA).
Lawmakers voted on a resolution ratifying the Vietnam-EU Free Trade Agreement (EVFTA) during the June 8 session of the nine session of the 14th National Assembly.
National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan on June 8 hailed the outcomes of the first phase of the 14th NA’s ninth session from May 20-29 during which lawmakers worked online due to the COVID-19 pandemic.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
Lawmakers passed the resolutions ratifying the EVIPA at an approval rate of 94.62 percent (Photo: VNA) 
