Vietnam awarded the diplomatic notes of the ratification for the the European-Vietnam Free Trade Agreement (EVFTA) and EU-Vietnam Investment Protection Agreement (EVIPA) to the European Union Delegation in Hanoi on June, 18 2020.

The Italian news site has recently published an article highlighting the Vietnamese National Assembly’s ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA) making Vietnam become a gateway for EU to access ASEAN.

The implementation of the EVFTA and EVIPA Agreement affirms the strategic development of Vietnam - EU bilateral relations, deepening and creating long-term economic benefits for the two sides. In this context, there are certain policies for Vietnam to take advantage of new opportunities in trade and investments from the EU market. 

Global Risk Insights, a world-leading publication for political risk news and analysis, on May 29 ran an article analyzing the positive effects that the EU-Vietnam Free Trade Agreement EUVFTA and the EU-Vietnam Investor Protection Agreement EUVIPA may offer to Vietnam. Global Risk Insights says that these agreements open a gateway to a USD 18 trillion market for Vietnam.