Vietnam to soon ratify EVFTA, two other ILO conventions: Speaker
Vietnam is actively considering approving the two remaining International Labor Organization (ILO) conventions, which are Convention 87 and Convention 105.
Vietnam’s National Assembly (NA) plans to ratify the European- Vietnam Free Trade Agreement (EVFTA) at its bi-annual working session later this year, and continue perfecting the legal framework to put these trade deals the deal and the EU-Vietnam Investment Protection Agreement (EVIPA) into practice, NA Chairwoman Nguyen Thi Kim Ngan said at talks with European Commissioner for Trade Cecilia Malmstrom.
Chairwoman of the National Assembly Nguyen Thi Kim Ngan and European Commissioner for Trade Cecilia Malmstrom. Photo by Nhat Bac/VGP
|
Vietnam’s top legislator emphasized the importance of the EVFTA and EVIPA in lifting the already good relationship between Vietnam and EU to a new height and expressed her belief that the two pacts would bring practical benefits to people, enterprises, and investors of the two sides.
In turn, Commissioner Malmstrom said that the signing of two pacts is a significant turning point in the Vietnam - EU relationship, helping strengthen the comprehensive partnership and cooperation between two sides.
With the two pacts, two sides desire to boost the cooperation relationship based on the realization of joint commitments with the focus on trade and investment.
She also said that Vietnam-EU relations should also be viewed not only from bilateral but also multilateral perspective, contributing to the promotion of international trade mechanism such as the World Trade Organization (WTO) or other international organizations.
The two sides also agreed that dialogues and maintaining regular dialogues are crucial for not only the implementation of the two pacts but also the expansion of the bilateral relationship under the EU-Vietnam Framework Agreement on Partnership and Cooperation (PCA).
Accordingly, Vietnam and EU’s relevant agencies will work closely to prepare for submitting these pacts to the Vietnamese National Assembly and the European Parliament (EP) for early ratification.
21:41, 2025/02/25
Standards challenge Vietnamese exports amid tighter market regulations
Vietnam lacks specific standards for key agricultural export products, complicating outreach and inspection efforts.
21:56, 2025/02/24
Prime Minister orders the completion of Gia Binh Airport-Hanoi route in 2 years
Building the airport and its infrastructure will help spur socioeconomic growth in the North.
20:47, 2025/02/24
AlSC 2025 to connect local businesses with global AI opportunities
The five-day international event, themed "Innovating Futures: AI & Semiconductors Globally," is expected to provide local businesses with meaningful connections with global companies, facilitate the exchange of knowledge and experience in AI and semiconductors.
15:51, 2025/02/24
Vietnam set to have digital banks within financial centers
Credit institutions headquartered in these financial centers will not be bound by restrictions on to foreign ownership or foreign investment conditions when providing services there or across borders.
17:56, 2025/02/22
Vietnam imposes anti-dumping tariffs on certain Chinese steel products
The investigation was launched in response to a request from two domestic producers.
17:52, 2025/02/22
Party chief experiences Ho Chi Minh City’s first metro line
The Party chief’s visit is significant after the National Assembly approved a resolution on February 19 to pilot mechanisms for Ho Chi Minh City’s urban railway development.
- Finance Ministry flags digital currency risks in Vietnam’s upcoming financial centers
- Vietnam to escape middle-income trap with sustained high growth through 2045: PM
- Vietnam scales back plan to boost offshore wind
- US firms in Vietnam concern potential export tariffs
- Vietnamese agribusinesses find opportunity in global trade uncertainty
- Around 70,000 new apartments to be delivered in Hanoi