#19: One year enforcement of the EU- Vietnam FTA

The free trade agreement between the EU and Vietnam EVFTA is one
of the newest endeavours of Vietnam regarding the international
integration process, which is anticipated to be beneficial for
Vietnam in many aspects across industries. It has been one year
since the EVFTA came into force in August 1st, 2020. A recent
World Bank study showed that the implementation of the EU-Vietnam
Free Trade Agreement (EVFTA) will help Vietnam’s GDP increase by
up to 3.2 per cent in the next decade. Thanks to the EU-Vietnam
agreement, German companies can enjoy protection of investments
with trade facilitations when investing in Vietnam. A wide range
of benefits are removing tariffs, reducing regulatory barriers
and overlapping red tape, ensuring protection of geographical
indications, opening up services and public procurement
markets. Therefore, an increase of German enterpreneurs
consider to shift their manufactures from China to Vietnam
according to the “China plus One” strategy. Based on the improved
condition and favourable environment in Vietnam, there will be
many FDI flows for high-valued projects of German into Vietnam
and this country will benefit a lot from German well-known
technology in management and training, more value-added
production and less waste of material and resources.


In this episode, we are proudly to introduce our valued guests,
Ms. Phuong Anh Nguyen, Customer Relationship Manager of
Vietinbank Germany Branch, Mr. Jörg-Michael Scheil, Managing
Partner Asian of SNB Law, Mr. Michael Chan – Director Sales North
from BW Industrial Development JSC and Mr. Tran Van Ngan - Deputy
General Director of DINCO Da Nang. Together with our hosts -
Marko Walde and Chi Pham, we will accompany you through a year of
EVFTA with a bright future ahead!