EVFTA requires high and strict standards, says Minister01/07/2019Domestic enterprises will cope with strict and high standards and a series of trade and investment disputes from the newly-signed EVFTA and EVIPA between Viet Nam and the EU, said Minister of Industry and Trade Tran Tuan Anh.
Minister Anh made the point at a press briefing after the signing ceremony of the EVFTA and the EVIPI between Viet Nam and the EU on June 30 in Ha Noi.
According to Minister Tuan, the EVFTA is the most ever ambitious FTA which the EU has signed with an emerging economy. The two packs were built on the basis of common commitments on free trade agreement and economic integration towards openness, equality, and law enforcement.
However, besides benefits, domestic enterprises are forecast to cope with technical barriers, strict standards, as well as trade and investment disputes, the Minister said.
He proposed domestic enterprises especially SMEs proactively research information and take positive preparations to optimize the two agreements.
The Minister suggested them conduct a series of measures to research on opportunities and challenges in the EU market; perfect product qualities and models; uphold competitiveness; raise productivity; ensure origin regulations, technical criteria, plant and animal safety regulations.
Mr. Anh also acknowledged that up to 70% of Vietnamese SMEs have yet fully understood information on the EVFTA.
Earlier, the Government had assigned the Ministry of Industry and Trade to supply adequate and timely information to citizens and businesses. The Minister announced that the ministry has worked with associations and banks to timely inform enterprises and people.
EU Commissioner for Trade Cecilia Malmstrom highlighted the role of enterprises in optimizing preferences of the EVFTA.
According to Ms. Cecilia Malmstrom, the agreement provides more favorable conditions for enterprises./.
E-commerce and industrial buying in Asia: Digital deliverance or dilemma?11/11/2019According to research from UPS into B2B commerce in Asia, almost 30% of industrial purchases are now made on e-commerce platforms. With digital platforms being an inseparable part of our daily lives, including business purchasing, is there still a role for human interaction in the buying process?
Vietnamese startups explore Silicon Valley05/11/2019The Ministry of Science and Technology has initiated a series of events to connect investment for Vietnamese startups in many countries. The highlight of this activity was Techfest Vietnam, which took place in the US for the first time. The September 13th gathering at Hero City in California’s Silicon Valley brought together 300 Vietnamese expatriates, experts, investors and representatives of the innovative startup ecosystem of the two countries.
Vietnam looks ahead to 2020 Asean Chairmanship15/10/2019The Association of Southeast Asian Nations (ASEAN) has become one of Vietnam’s leading economic and trade partners since the country joined the bloc 24 years ago. ASEAN integration will be among the priorities when Vietnam assumes the ASEAN Chair in 2020.
“Transforming your retail business in digital era” seminar01/10/2019Microsoft and Votiva (as Global Gold Microsoft Partner” together with our business partner in the SEA region organized “Transforming your retail business in digital era” seminar to share how a big wave of global digital transformation impacts to retail business to satisfy consumer’s more and more demanding and expectations in digital era.
Vietnam puts priority on artificial intelligence development04/09/2019In the development of the fourth industrial revolution, artificial intelligence (AI) has made significant progress and is expected to make breakthroughs in the next ten years.