Thứ hai, 25/01/2021Hotline: 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

Thanh Hóa cần tranh thủ đẩy nhanh dự án Trung tâm Logictics Bắc Trung Bộ

Ngày 23/01/2021 lúc 07:46

Đối với dự án Trung tâm Logistics Bắc Trung Bộ, Thường trực Tỉnh ủy Thanh Hóa thống nhất: Việc đầu tư Trung tâm Logictics tại Khu kinh tế Nghi Sơn là rất cần thiết và quan trọng đối với sự phát triển kinh tế xã hội của tỉnh, phù hợp với quan điểm phát triển trong Nghị quyết 58 của Bộ Chính trị và Nghị quyết Đại hội Đảng bộ tỉnh lần thứ XIX.

Nghệ An tháo gỡ khó khăn cho doanh nghiệp xuất, nhập khẩu

Ngày 22/01/2021 lúc 14:09

UBND tỉnh Nghệ An vừa tổ chức Hội nghị “Tổng kết hoạt động xuất nhập khẩu năm 2020, đối thoại doanh nghiệp, đẩy mạnh xuất khẩu năm 2021”.

Bộ GTVT sẽ cắt giảm 50% danh mục hàng hóa phải kiểm tra chuyên ngành

Ngày 22/01/2021 lúc 09:01

Năm 2021, Bộ GTVT phấn đấu cắt giảm thực chất 50% số mặt hàng thuộc danh mục mặt hàng kiểm tra chuyên ngành.

Thời tiết

Hiện tại

°

Nguồn: Weathers Underground

Tỷ giá ngoại tệ

Tỷ giá ngoại tệ cập nhật vào 24/01/2021 23:52
Mã NTTiền mặtChuyển khoảnBán
USD22,955.0022,985.0023,165.00
AUD17,464.9117,641.3218,194.39
EUR27,238.0927,513.2228,661.04
GBP30,881.2931,193.2232,171.14
JPY216.23218.42227.53
SGD17,014.7517,186.6117,725.42
THB681.30757.01785.44
Nguồn: Vietcombank

Giá xăng dầu

Giá xăng, dầu cập nhật ngày 24/01/2021 23:52
Loại xăng dầuĐơn vịGiá vùng 1Giá vùng 2
Dầu hỏa 2-KVND/L1155011780
DO 0,001S-VVND/L1299013240
DO 0,05S-IIVND/L1264012890
E5 RON 92-IIVND/L1594016250
Xăng RON 95-IIIVND/L1693017260
Xăng RON 95-IVVND/L1703017370
Nguồn: Petrolimex