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EU countries wish to enhance cooperation with Vietnam

Updated: 14:35, 20/06/2019
Members of the European Union (EU) have expressed their wish to promote cooperation with Vietnam, including the earliest possible signing of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA), EU Trade Commissioner Cecilia Malmström has said. 

At a reception for Vietnamese Minister of Industry and Trade Tran Tuan Anh in Brussels, Belgium, on June 19, the EU official lauded the National Assembly, Government and relevant agencies of Vietnam for ratifying the International Labour Organisation (ILO)’s Convention 98 and building and amending law, including the amendment to the Labour Code.

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Minister of Industry and Trade Tran Tuan Anh speaks at a working session with representatives of the European Business Association.

Malmström said she sent Anh’s letter informing these results to EU members which showed positive response to Vietnam’s progress.

The two sides discussed cooperation frameworks, opportunities and challenges facing Vietnam and EU partners in expanding and improving the efficiency of the bilateral economic, trade and investment ties.

Vietnam, EU countries and Trade Commissioner Malmström are stepping up efforts to complete procedures for the signing of the EVFTA, slated for later this month in Hanoi.

Anh told the Vietnam News Agency that during the latest working session of the European Council, some EU countries wanted to study more about Vietnam’s legal reform and socio-economic activities within the framework of international integration and requirements of the two agreements.

Vietnam is constructively working with the EU countries to complete procedure-related requirements set in the deals, he said.

While in Brussels, the minister also met with Belgian Deputy Prime Minister and Minister of Employment, Economy and Consumer Affairs Kris Peeters to discuss economic and trade ties between the two countries.

Belgium was part of Anh’s trip to some EU countries, including Romania, Italy and Spain, from June 17-21.

EVFTA to fuel Vietnam – Italy trade
A workshop held recently in Perugia, Italy, discussed opportunities for business investments between Vietnamese and Italian firms once the EU-Vietnam Free Trade Agreement (EVFTA) come into effect.
FTA helps fuel Vietnam-Russia trade growth
Trade between Vietnam and Russia was estimated at 4.57 billion USD in 2018, up 28.6 percent year on year, partly thanks to the enforcement of the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU).
NA leader calls for Hungary’s support of EVFTA approval
National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan has called for the Hungarian parliament’s support to speed up the approval of the European Union-Vietnam Free Trade Agreement (EVFTA), thus opening up new cooperation opportunities between Vietnam and members of the EU, including Hungary.
EVFTA helps boost Vietnam – France economic partnership
A seminar on boosting Vietnam – France economic ties via the EU – Vietnam Free Trade Agreement (EVFTA) took place in Paris on December 20, attracting about 100 participants.
European Parliament holds hearing on EU-Vietnam FTA
The European Parliament (EP)'s Committee on International Trade (INTA) on October 10 held an opening hearing on the Free Trade Agreement (FTA) and the Investment Protection Agreement (IPA) between Vietnam and the European Union (EU). 

Source: VNA

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