Many big European businesses revealed its expansion plan in Vietnam, showing that Vietnam plays a crucial part in their production and consumption markets.
The European Chamber of Commerce (EuroCham) and the Vietnam Chamber of Commerce and Industry (VCCI) has established a new bilateral forum to support the smooth and successful implementation of the EU - Vietnam free trade agreement (EVFTA).
Though it has been a difficult year so far, effective Covid-19 containment and the recently ratified EU Vietnam Free Trade Agreement (EVFTA) has bolstered global industrial investor confidence in Vietnam. The property segment most resilient to Covid-19 has further significant growth potential.
The EU-Vietnam trade agreement, the most modern and ambitious agreement ever concluded between the EU and a developing country, just got European Parliament’s backing.
The Committee on International Trade backed the free trade and investment protection agreements between the EU and Vietnam on Tuesday.
Yields of 4-6 per cent are the right expectations for a sustainable rental return, given that the buyer still enjoys free usage and a potential chance for capital gain in the mid- to long-term, says Savills Hotels APAC.
The stresses of modern life can often make us feel as though we do not have enough free time. So, it is no surprise that when it comes to leisure activities, consumers are becoming more demanding.
The ASEAN Hong Kong Free Trade Agreement (AHKFTA) coming into force on June 11 for Singapore, Thailand, Vietnam, Laos and Myanmar can now further promote global trade liberalisation as it adds wings to trade among ASEAN nations, according to HSBC.
Despite the desperate call for visa exemption for international tourists from the private sector, state management bodies insisted that it did not affect the visitor flow into Vietnam.
The number of tax free cars with nine or fewer seats imported last week mostly originated from Thailand and Indonesia with 712 and 397 units, respectively.
Vu Tien Loc affirmed that over the past years, the reform of Vietnam business environment and the implementation of free trade agreements have created breakthroughs but the spillover of foreign direct investment (FDI) is still very low.
To ensure smooth and efficient operation of the EU-Vietnam Free Trade Agreement (EVFTA) after the two sides finished the legal review process, both are actively resolving the final stages of this agreement which is expected to be signed by the end of this year.
There remains a big challenge of intellectual property ahead to be resolved although brilliant sides of to-be-ratified EU Vietnam free trade agreement are miracle growth of mutual ex-import revenue and rising number of foreign companies in due to removal of hurdles.
According to a representative of Toyota Vietnam, its first batch of duty-free cars could not reach Vietnam until this June.
