The EU - Vietnam Free Trade Agreement (EVFTA) officially comes into effect today, August 1, which is expected to be an important push for Vietnam's exports to the EU, the second largest import market in the world.

Vietnam should give first priority to implementing and utilising opportunities from free trade agreements (FTA) in the new phase of international economic integration, particularly the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA) and other ASEAN’s FTAs with its partners.

The EU-Vietnam Free Trade Agreement is a good opportunity for Indian investors, in Vietnam, Vietnamese Ambassador to India Nguyen Sanh Chau said at an online conference on June 12.

Minister of Industry and Trade Tran Tuan Anh and EU Trade Commissioner Phil Hogan reached consensus on the point of time for the EU-Vietnam Free Trade Agreement (EVFTA) to take effect, during their phone talks on June 8.

National Assembly deputies officially ratified the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) on Monday morning.