Vietnam Economic News

Advertisements

Random Post

• Vietnamese spend $1 billion a year on treatment abroad
• Vietnam, China To Boost Electrical Cooperation
• Less is more, asserts renowned university professor
• Vietnam Forex Reserves Fall to 12 Weeks of Imports
• Vietnam real estate investors to target lower price segment
• Vietnam Salt imports: not harming local sales

Vietnam Economic News

Vietnam Business » Vietnam Economic News » Vietnam ready for FTA talks with EU

Vietnam ready for FTA talks with EU

Prime Minister Nguyen Tan Dung on Tuesday stressed to EU Trade Commissioner Karel De Gucht that Vietnam’s agencies are ready to start talks with the EU for signing free trade and partnership agreements.

Dung told the visiting commissioner in Hanoi that Vietnamese ministries and bodies are prepared for talks over the Partnership and Cooperation Agreement as well as the Free Trade Agreement (FTA). The Government leader, however, made it clear that “there remain barriers to be brought down, such as the extension of anti-dumping duties slapped by the EU on Vietnam’s leather footwear,” the Government said on its website www.chinhphu.vn.

Vị trí đặt quảng cáoHe also said Vietnam has transformed itself into a market economy, and suggested the EU recognize this status for Vietnam.

De Gucht was in Hanoi on Tuesday in a mission to pursue talks with each ASEAN country over the FTA after talks over this issue between the EU and ASEAN had collapsed over one year ago. Vietnam is the first leg in De Gucht’s trip to Asia.

Speaking to assembled reporters in Hanoi, De Gucht said bilateral talks with Vietnam over the FTA would play a big role in helping Vietnam meet criteria relating to the market economy status, Vietnamnet reports.

He also referred to other benefits for Vietnam in FTA talks.

“Vietnam is a major exporter in the EU market. The FTA would help scale up Vietnam’s exports to Europe with more added values,” he was quoted as saying.

De Gucht said that during his talks with Vietnam’s Minister of Industry and Trade Vu Huy Hoang on Tuesday, the minister pledged to consult other relevant bodies in starting FTA talks with the EU.

Two-way trade between Vietnam and the EU totaled some US$12 billion a year. Foreign direct investment from the EU into Vietnam has amounted to some US$13.3 billion pledged in nearly 1,000 projects.

Vietnam Business And Financial News Network. Source [english.thesaigontimes.vn]

More Vietnam Economic News:

• Government Inflation under check
• Japan ambassador reaffirms ODA pledge to Vietnam
• Handover of oil refinery rescheduled to early April
• Local retailer plans new outlets, overseas expansion
• Nam Rong-Doi Moi field yields first crude
• Vietnam begins stockpiling coffee as prices fall anew
• New service to be launched for tourism promotion
• High-quality product fair promotes consumption in Cambodia
• National economy emerges from economic doldrums
• Vietnam ranks first in the region for gender equity

Popular Vietnam Business News

TINCOM company invest in coal production to export to Australia

Vietnam is still boosting coal exports while it is forecast to have to import coal beginning in 2013, and it has not yet reached any agreements for coal imports. TINCOM,

A Vietnamese man with 18 years sleeplessness

Dinh Sy Cang, 46, of Ha Tinh province, has not slept for 18 years, but his health is very good. Cang began having trouble sleeping when his wife, Nhung, gave

International fashion brands mark Vietnam

In late April 2010, Vincom trade centre, located at the corner of Dong Khoi and Le Thanh Ton streets in central HCM City, made its debut. The trade centre has

Gold prices down below VND28 million/tael

After rising continuously and hitting a record high of VND28 million/tael, the domestic price of gold began to slide back on May 18. SJC gold in Ho Chi Minh City

German businesses monitor Vietnams market

Asia has become a successful business story and more overseas investors want to invest in China and Vietnam, said Holger Benthien, Deputy Head of the German Business Association (GBA) in

Vietnams exports in May up 14.4 percent

During the period from January to May, Vietnam earned nearly $25.83 billion from exports, growing by 12.6 percent year-on-year and spent total $31.2 billion on imports.

HCM City tackles online game addiction

HCM City plans to develop "wholesome playing fields" for students to help treat them for online game addiction."There is one thing that has had a big influence on students personalities

Vietnam Banks hope to see profit increasing in last months of year

Lending remains the main source of income for banks, since bank services have not developed well enough. Meanwhile, bankers said income from lending has decreased, which explains why banks profit

Advertisement