A fast vaccination roll-out will help Vietnam quickly re-open up its economy after the novel pandemic.
Nicolas Audier, co-chairman of the European Chamber of Commerce in Vietnam (EuroCham), said that the trade pact will benefit not only companies and consumers, but also the welfare, wages and living standards of millions of people in Vietnam.
Vietnam is expected to earn US$31 billion from exports of textile and garment this year, a ten per cent increase compared to last year.
Outdated technology from China is coming to developing countries and Vietnam is believed to be an opportunity market, especially in the field of textile investment.