70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / News / Viet Nam
EU, Vietnam prioritize green growth to tap EVFTA potential
Minh Vu 11:55, 2021/06/02
Exporters and investors from the EU will have further opportunities to access Vietnam, one of the ASEAN's largest and fastest-growing countries.

Giorgio Aliberti, Ambassador of the European Union to Vietnam, said the two sides should prioritize the digital economy, sustainable energy, and green growth to effectively implement the EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam’s President Nguyen Xuan Phuc (R) and Giorgio Aliberti, Ambassador of the European Union to Vietnam, at the meeting on June 1. Photo: VNA 

At the meeting with Vietnam’s President Nguyen Xuan Phuc on June 1, Aliberti stressed that Vietnam is one of the EU’s important partners and vice versa.

The aforementioned sectors will enable the two sides to strengthen the multisectoral relations, he said.

Vietnam and the EU have inked the EU-Vietnam Partnership and Cooperation Agreement (PCA), the Framework Participation Agreement (FPA), which will make Vietnam part of the EU’s crisis management operations, and a Voluntary Partnership Agreement (VPA) on the EU’s Forest Law Enforcement, Governance and Trade (FLEGT).

In the first quarter of this year, the two-way trade hit US$15 billion, up 14.5% year-on-year.

The EVFTA is the most comprehensive and ambitious trade and investment agreement that the EU has ever concluded with a developing country in Asia. It is the second agreement in the ASEAN region, after Singapore, and it will intensify bilateral relations between Vietnam and the EU.

Vietnam will have access to the EU, a potential market of approximately 446 million inhabitants, and a total GDP of US$13,918 billion.

Meanwhile, exporters and investors from the EU will have further opportunities to access Vietnam, one of ASEAN's largest and fastest-growing countries in the region.

At the meeting, Phuc thanked the EU for donating to the COVAX Facility from which Vietnam has benefited with millions of doses of Covid-19 vaccine delivered to the country so far.

Team Europe has donated more than EUR2.2 billion (US$2.69 billion) to COVAX and is also working to ensure global and equitable access to COVID-19 vaccines as well as the rollout of vaccination campaigns.

He expected to get more support in the vaccine access and tech transfer to help Vietnam accelerate its inoculation programs and vaccine production capacity.

This is the second meeting relating to the Covid-19 vaccine between Vietnam’s top leaders and Giorgio Aliberti over the past two weeks.

On May 21, Chairman of the National Assembly Vuong Dinh Hue met Giorgio Aliberti in Hanoi where he expressed Vietnam’s hope for tech transfer and increased vaccine supply from the EU.

At a press conference in Hanoi on March 23, Ambassador Giorgio Aliberti said Vietnam is a promising recipient of the EU’s Covid-19 vaccine technology transfer. Ambassadors of Germany, Spain, Italy, and the Czech to Vietnam also supported the EU efforts to deliver the Covid-19 vaccines to Vietnam.

TAG: EU mission ambassador EVFTA Vietnam tech transfer Covid-19 vaccine
Other news
17:51, 2024/02/23
Vietnam news in brief - February 23
Read the Hanoi Times for more updates about the country.
15:00, 2024/02/22
Vietnam news in brief - February 22
Read the Hanoi Times for more updates about the country.
15:45, 2024/02/21
Vietnamese Ao Dai shines at London Fashion Week
The young Vietnamese’ designs make people become cultural ambassadors once they wear Ao Dai.
14:48, 2024/02/21
Vietnam news in brief - February 21
Keep updating on Vietnam with the latest news.
22:04, 2024/02/20
Vietnam joins mega multinational naval exercise
Vietnam is one of the key countries in India’s “Look East” policy.
21:35, 2024/02/20
Vietnamese diplomats to help bridge domestic and foreign media
This initiative would facilitate the active exchange of information and promote the image, people, culture, and development potential of Vietnam to international friends.