Chủ nhật, 18/04/2021Hotline: 0906 779982Quảng cáo

European parliament ratifies EVFTA:

Opportunity for Vietnam’s enterprises

(VLR) On February 12th, 2020 the European Parliament ratified the Europe-Vietnam Free Trade Agreement (EVFTA) with massive votes for of 66.33%. EVFTA is considered as a lever for Vietnam’s economic developments. It is expected to bring great opportunities in trade and opportunities to enter the market of USD 18,000bn. EVFTA is expected to come into effect in July 2020.

EVFTA is the highest commitments in free trade agreements Vietnam has signed. And the commitments in the Agreement are especially important when EU is the Vietnam’s second largest export market. According to research from the Ministry of Planning and Investment, EVFTA, when comes into effect, will help Vietnam’s export turnover to EU increase around 20% in 2020; 42.7% in 2025 and 44.3% in 2030.

Opportunity for enterprises to make breakthroughs

Although the EU is one of Vietnam’s largest export market, Vietnam’s market share in the region is modest due to limited competition ability of Vietnam’s goods (especially in prices). Therefore, if 99% of tariff is eliminated in accordance to EVFTA, enterprises will have more opportunities to compete on price when their goods are imported to the important market. Sectors expected to have benefits are Vietnam’s key export sectors as textile, footwear and agricultural products- those that the EU has still imposed high tariffs on.

In import, Vietnam’s enterprises also have benefits from sources of goods and materials with stable and high quality imported from the EU with reasonable prices. Especially, enterprises will have opportunities to approach sources of machines, devices and high technologies from the EU countries, so that they can increase their capacity and improve their product quality. At the same time, goods and services from the EU imported to Vietnam will surely cause competition pressure, which requires Vietnam’s enterprises to change themselves to improve their own competition abilities.

More open favorable investment environment and better import prospect will attract more FDI from the EU to Vietnam.

Implementing EVFTA commitments on matters of mechanism, legal policies, business environment, and Vietnam’s law should have

With the EU Parliament ratification, the relationship between Vietnam and EU has become more comprehensive with the emphasis on the future with multilateral relationship. The EU has appreciated Vietnam partner as a trusted one in the Southeast Asia and in the world.

The Minister of the Ministry of Trade Industry - Tran Tuan Anh

changes in directions of being more transparent and more suitable to international regulations.

Enterprises have to change themselves

In 2017, all Vietnam’s aqua products were imposed ‘yellow card’ when exported to the EU, that was 100% check although they were previously checked by probability, which caused difficulties for exporters for it took much time and administrative procedures to prove legal origin of aqua products. Therefore, the EU’s market is a hard-to-please one: customers have high requirements on products quality and other requirements on food safety, labeling, and environment are not easy to fulfill. Although there are advantages from tariffs, Vietnam’s enterprises should improve themselves a lot to overcome these barriers, especially with large export sectors as agriculture or aqua products…

Normally, goods that have tariff incentives in FTA should have a certain proportion in regional value content (material originated from the EU and or from Vietnam). This is a big challenges to Vietnam’s enterprises for their material sources mainly come from China or the ASEAN countries.

Opening Vietnam’s market for goods and services from the EU means Vietnam’s enterprises should have more competitions in their local market. This is a real challenge for enterprises from the EU have more advantages than those in Vietnam in terms of competition abilities, market experience and abilities of making good use of FTAs. However, Vietnam has door-opening roadmap, especially on sensitive products. Therefore EVFTA is an opportunity, a reasonable pressure for Vietnam’s enterprises to adjust themselves with better business methods and competition abilities.

Thụy Hậu

Ý kiến bạn đọc

Chưa có ý kiến nào. Hãy là người để lại ý kiến đầu tiên.

Ý kiến của bạn

0

Tối thiểu 10 chữTiếng Việt có dấuKhông chứa liên kếtGửi bình luận

Vui lòng nhập mã bảo mật để gửi bình luận lên hệ thống
Gửi bình luận

Thiếu tướng Võ Trọng Hải trở thành tân Chủ tịch tỉnh Hà Tĩnh

Ngày 17/04/2021 lúc 07:23

Với 100% số phiếu tán thành tại kỳ họp HĐND tỉnh, Thiếu tướng Võ Trọng Hải, nguyên giám đốc Công an tỉnh Nghệ An đã trở thành tân Chủ tịch tỉnh Hà Tĩnh.

Nghệ An 'rót' gần 1.100 tỷ đồng cho 21 dự án giao thông

Ngày 16/04/2021 lúc 14:51

Trong năm 2021, Nghệ An dự kiến hoàn thành xây dựng 21 dự án giao thông với tổng số vốn đầu tư hơn 1.091 tỷ đồng.

SNP và Viettel ký kết hợp tác toàn diện

Ngày 16/04/2021 lúc 08:58

Chiều 15/4, tại TP. Thủ Đức, TP. Hồ Chí Minh, 2 doanh nghiệp quân đội hàng đầu là Tổng Công ty Tân Cảng Sài Gòn (SNP) và Tập đoàn Công nghiệp - Viễn thông Quân đội (Viettel) đã ký kết thỏa thuận hợp tác toàn diện về phát triển hệ thống công nghệ thông tin, dịch vụ logistics và các dịch vụ khác. Thiếu tướng Lê Đăng Dũng, Chủ tịch kiêm Tổng giám đốc Viettel và Đại tá Ngô Minh Thuấn, Tổng Giám đốc SNP chủ trì buổi làm việc.

Thời tiết

Hiện tại

°

Nguồn: Weathers Underground

Tỷ giá ngoại tệ

Tỷ giá ngoại tệ cập nhật vào 18/04/2021 17:54
Mã NTTiền mặtChuyển khoảnBán
USD22,950.0022,980.0023,160.00
AUD17,429.6417,605.7018,157.65
EUR26,775.7827,046.2428,174.59
GBP30,993.7831,306.8432,288.33
JPY206.04208.12216.80
SGD16,860.5817,030.8917,564.82
THB654.48727.20754.51
Nguồn: Vietcombank

Giá xăng dầu

Giá xăng, dầu cập nhật ngày 18/04/2021 11:54
Loại xăng dầuĐơn vịGiá vùng 1Giá vùng 2
Dầu hỏa 2-KVND/L1282013070
DO 0,001S-VVND/L1449014770
DO 0,05S-IIVND/L1414014420
E5 RON 92-IIVND/L1780018150
Xăng RON 95-IIIVND/L1897019340
Xăng RON 95-IVVND/L1907019450
Nguồn: Petrolimex
Tạp chí VLR tuyển dụng Trưởng ban Phát triển kinh doanh

Tạp chí VLR tuyển dụng Trưởng ban Phát triển kinh doanh

Ngày 01/04/2021 lúc 10:43

     GIỚI THIỆU VỀ TẠP CHÍ VIETNAM LOGISTICS REVIEW-       Tên đơn vị                         : Tạp chí Vietnam Logistics Review -       Tên viết tắt                        : VLR-       Ngành nghề hoạt động      : Báo...