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Under the deal, Vietnam will eliminate 99 percent of its import duties over 10 years and the E.U. will do the same over seven years. Notably, over 85 percent of Vietnamese products exported to the EU will be free of tariffs immediately after the agreement comes into effect.  … [Read more...] about Vietnam eyes export boost from EU trade deal amid coronavirus slump

The implementation must also comply with all of Viet Nam’s current regulations on procedures for mergers and acquisitions as well as safe and competitive conditions, including limits on the shareholding ratio applicable to each individual and institutional investor on the basis of national treatment. Currently, the stake owned by an individual foreign investor in a Vietnamese bank is capped at 5 per cent and the maximum rate for a foreign institutional investor is 15 per cent. … [Read more...] about VN banks more open for EU investors under newly-approved trade pact

According to research conducted by the Ministry of Planning and Investment, the EVFTA and EVIPA are poised to elevate the country’s GDP by 4.6 per cent, whilst increasing exports to the EU by 42.7 per cent by 2025. The European Commission estimated that the EU's GDP will surge by US$ 29.5 billion and its exports to Vietnam will grow by 29 per cent by 2035. … [Read more...] about EVFTA marks new stage in development of Vietnam-EU ties

Meanwhile, the EU greatly valued Vietnam’s socio-economic achievements as well as its position in the region, wished for further coordination to promote ASEAN-EU and EU-Vietnam relations, and concurred to step up collaboration in global issues, thus contributing to peace and development in the region and the world as a whole. … [Read more...] about Vietnam,EU expect early implementation of EVFTA,EVIPA

As we are a global company with roots in Germany with our key businesses in healthcare and agriculture and a presence in more than 90 countries worldwide, international trade is essential for our business. The company’s business depends on a complex value chain with research and development (R&D) being conducted in many different places, geographically spread production, and largely nationalised regulatory environments. In agriculture, we are converting R&D into solutions for farmers that enhance productivity, create new value, and reduce the use of inputs necessary to produce a crop. Thanks to our leading positions across technology platforms including digital solutions, Bayer is best positioned to discover, combine and tailor solutions. With that, the company enables increased agricultural productivity and contributes to keeping Vietnam’s agriculture competitive in international markets. … [Read more...] about Doors open for free trade with the EU