The Memorandum of Understanding aims to increase connectivity, support European investors in Vietnam and promoting Vietnam’s exports to European markets.
Addressing the signing ceremony, Deputy Foreign Minister Le Hoai Trung announced that Vietnam targets to finish negotiations on seven trade agreements in 2015-2016, establishing a system of 15 trade agreements with over 57 partners worldwide, including 11 strategic partners of the country.
The trade deals are expected to expand huge markets for Vietnamese exporters and attract more foreign investment into Vietnam, Trung stressed.
The official said Vietnam and the EU began talks on the Vietnam - EU FTA on June 26, 2012, and declared that they concluded the majority of negotiations on August 4, 2015. The EU became the second largest importer and trading partner of Vietnam in 2014.
The Deputy Minister added that many provinces and cities nationwide have perfected preferential policies for foreign-invested enterprises.
Speaking at the event, Head of the European Union Delegation in Vietnam Bruno Angelet affirmed Europe considers Vietnam as one of the 13 strategic and high-advantage markets in Asia.
Vietnam has attracted to 1,600 projects in various fields from nearly 900 European businesses worth 1.9 billion USD.
European businesses are interested in financial service, logistics, manufacturing industry and education in Vietnam, he added.
Bruno Angelet forecasted that EU investments in Vietnam along with trade turnover between Vietnam and Europe are likely to see a remarkable growth in the coming time as Vietnam and the EU have lifted their ties to an equal and comprehensive partnership and the Vietnam-Europe trade agreement is scheduled to become effective by the end of 2016.
Addressing the signing ceremony, Deputy Foreign Minister Le Hoai Trung announced that Vietnam targets to finish negotiations on seven trade agreements in 2015-2016, establishing a system of 15 trade agreements with over 57 partners worldwide, including 11 strategic partners of the country.
The trade deals are expected to expand huge markets for Vietnamese exporters and attract more foreign investment into Vietnam, Trung stressed.
The official said Vietnam and the EU began talks on the Vietnam - EU FTA on June 26, 2012, and declared that they concluded the majority of negotiations on August 4, 2015. The EU became the second largest importer and trading partner of Vietnam in 2014.
The Deputy Minister added that many provinces and cities nationwide have perfected preferential policies for foreign-invested enterprises.
Speaking at the event, Head of the European Union Delegation in Vietnam Bruno Angelet affirmed Europe considers Vietnam as one of the 13 strategic and high-advantage markets in Asia.
Illustrative image
|
European businesses are interested in financial service, logistics, manufacturing industry and education in Vietnam, he added.
Bruno Angelet forecasted that EU investments in Vietnam along with trade turnover between Vietnam and Europe are likely to see a remarkable growth in the coming time as Vietnam and the EU have lifted their ties to an equal and comprehensive partnership and the Vietnam-Europe trade agreement is scheduled to become effective by the end of 2016.
