Leaders of the Ministry of Industry and Trade, the northern localities of Quang Ninh, Hai Phong and Hai Duong as well as representatives of enterprises from across the nation attended a conference in Ha Long city on August 28 to get a thorough understanding of Vietnam’s major commitments in the just-signed EU-Vietnam Free Trade Agreement (EVFTA).
QuangNinh (VNA) – Leaders of the Ministry of Industry and Trade, thenorthern localities of Quang Ninh, Hai Phong and Hai Duong as well asrepresentatives of enterprises from across the nation attended a conference inHa Long city on August 28 to get a thorough understanding of Vietnam’s majorcommitments in the just-signed EU-Vietnam Free Trade Agreement (EVFTA).
Participantswere briefed on the major contents of the pact, signed in June and to becomeeffective early next year.
Theyclarified issues related to tariffs, the impact of the EVFTA on Vietnameseindustrial products’ engagement in the regional and global value chains, aswell as State management over the avoidance of trade protection measures,market management and trade promotion.
Addressingthe event, Minister of Industry and Trade Tran Tuan Anh said the EVFTA andother agreements will be tools for economic restructuring and thetransformation of the growth model, which will facilitate Vietnam’s economy andbusinesses ingetting more involved in newly-formed value chains in partnershipwith other countries.
Theminister said to make the best use of the deal, businesses should focus onstudying its contents.
Theministry will hold communication events to update people and enterprises on thecontents of the agreement, which is a new generation FTA with higherrequirements and broader coverage, he said.
MinisterAnh reminded companies with EU partners to carefully study the FTA to ensurecompetitiveness.
TheEVFTA is expected to boost export growth and diversify the markets and exportproducts of Vietnam.
Rightafter the EVFTA is effective, 85.6 percent of the products of Vietnam shippedto the EU will enjoy zero tax rates. After seven years, 99.2 percent of theproducts will receive zero percent tax rate.
Atthe conference, delegates received training on Vietnam’scommitments in tariff, origin and investment-service regulations.-VNA
The garment-textile sector will gain significant benefits but, at the same time, face several challenges brought about by the EU-Vietnam Free Trade Agreement (EVFTA) once it takes effect, experts said at an online conference on August 2.
The European Union (EU) considers Vietnam a leading partner in the region and is implementing many specific policies and measures to enhance its cooperative relations with the Southeast Asian country, a senior EU official said on August 5.
Vietnam will spare no effort to further promote its relations with the European Union (EU), Prime Minister Nguyen Xuan Phuc said while receiving Federica Mogherini, Vice President of the European Commission and High Representative of the EU for Foreign Affairs and Security Policy, in Hanoi on August 5.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
An overview of the conference (Photo: VNA) 
