Vietnam ready for EVFTA, EVIPA enforcement: Spokeswoman

Update: 14:29 | 12/06/2020
Vietnam is now ready for implementing the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA), Spokeswoman of the Foreign Ministry Le Thi Thu Hang has said.
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Spokeswoman of the Foreign Ministry Le Thi Thu Hang speaks at the press conference on June 11. (Photo: Nguyen Hong)

At the ministry’s regular press conference on June 11, Hang commented on the Vietnamese National Assembly’s recent ratification of the EVFTA and EVIPA, as well as the plan to reopen the country’s market for the EU.

She noted that the 14th-tenure parliament of Vietnam passed the resolutions ratifying the two deals on June 8, during its ninth session. The EVFTA is expected to take effect on August 1 this year while the EVIPA is set to become effective after it is ratified by EU member states.

The ratification and early implementation of these agreements will generate concrete and practical benefits for the economies, businesses and peoples of both sides, creating new momentum for their comprehensive partnership and cooperation, according to Hang.

Once coming into force, the two deals will help promote the Asia-Europe economic cooperation, international economic connectivity, trade liberalization, along with equal, transparent and rules-based investment, thus contributing to peace, stability and development in both sides, as well as Asian and European regions and the whole world, the spokeswoman added.

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(Source: VNA)