Evfta

This is the second FTA that the EU has ever made with a Southeast Asian country, after Singapore.

Priorities would be to avoid any disruption to the economy and a negative growth scenario as Vietnam’s major economic partners face severe impacts from the pandemic.

The EU-Vietnam agreement is the most comprehensive trade agreement the EU has concluded with a developing country.

A fair promoting Vietnamese exports was expected to effectively implement the domestic stimulus program for the city.

In the first half of this year, rice export value jumped 18.6% year-on-year to US$1.71 billion.

Benefits from FTAs have not brought along breakthrough changes for Vietnam, as most partners have similar economic structure, or even directly compete with Vietnam.

The ability for Vietnam’s textile industry to take advantage of the EU – Vietnam trade deal will depend on the local domestic supply chain.

The development of a Covid-19 vaccine is necessary for the Vietnam's economy to return to its pre-Covid-19 status.

With 16 FTAs in effect or under negotiation, Vietnam has been at the center of a global network of free trade that accounts for 59% of the world population and 68% of global trade.

Vietnamese businesses need to improve their capacity to compete in such a highly demanding market as the EU.