August 25, 2016

EuroCham organised EVFTA Seminar and site visit to Deep C Industrial Zones, Hai Phong

On 24th August 2016, EuroCham, in cooperation with the Vietnam Chamber of Commerce and Industry (VCCI) of Hai Phong, and Deep C Industrial Zones (DVIZ), held a half-day seminar entitled “European – Vietnam Free Trade Agreement (EVFTA) – What is in for me?”. The event took place in Hai Phong and was over 60 participants representing European and Vietnamese companies, as well as European embassies and local authorities.
 

In the morning, DVIZ invited participants for a tour of the industrial zone to show its live operations to participants and potential investors, providing a good perspective on the development pace of Haiphong City. The tour also highlighted the upcoming Lach Huyen Deep Sea Port, expected to boost the investment potential in this strategically well situated economic hub.
 
In the afternoon, experts shared their insights on the changes and opportunities brought by the EVFTA. Miriam Garcia Ferrer, Head of the Trade Section of the EU Delegation to Vietnam, delivered a smart overview of the EVFTA. In turn, Prof. Claudio Dordi, Team Leader of the EU-MUTRAP Project, delved into the more specific matter of the Rules of Origin enshrined by the EVFTA and their regional implications in EU-ASEAN trade.
 
Finally, Remco Gaanderse, Deputy Chair of EuroCham, delivered a presentation on EuroCham’s Engagement in the EVFTA implementation roadmap, the EVFTA’s impact on EU trade to Vietnam, and opportunities and challenges for EU companies. Mr. Gaanderse also took the opportunity to highlight some of the industries that can be most influenced by the EVFTA, while stressing the support EuroCham can provide businesses in understanding and making the most of the favourable business conditions offered by the upcoming implementation of the EVFTA.
 
In addition to the Trans-Pacific Partnership (TPP), and the ASEAN Economic Community (AEP), the EVFTA will significantly enhance the links of Vietnam to key world markets.
 
The EVFTA will come into force from 2018, connecting Vietnam – one of ASEAN’s most dynamic manufacturing hubs – with the EU – one of the world’s biggest markets (with a GDP of over 18 trillion USD, representing 20% of the world’s GDP). The EVFTA highly increases market accessibility for both sides:

Imports to Vietnam from EU: 65% of tariffs eliminated at entry into force. 99% of tariffs eliminated within 7 years. EU companies can seek opportunities from market niches such as increasing demand for better quality and healthier food products, pharmaceuticals.

Exports from Vietnam to EU: 85.6% of tariffs eliminated at entry into force. 99% of tariffs eliminated within 10 years, including Vietnam’s major exports such as textile, footwear, agricultural products.

More News

See all

February 23, 2024

Laying foundations: discussing an Irish chamber of commerce in Vietnam

Read more

February 23, 2024

Exploring business opportunities: EuroCham’s dialogue with Hung Yen Province

Read more

February 16, 2024

[Work @ EuroCham] GEFE EXHIBITION PROJECT MANAGER – based in Ho Chi Minh City

Read more

February 15, 2024

[EXTENDED DEADLINE] [Work @ EuroCham] Operations Officer – based in Central Vietnam

Read more

January 30, 2024

[EXTENDED DEADLINE] [Work @ EuroCham] GREEN GROWTH SECTOR COMMITTEE & SUSTAINABLE FINANCE SECTOR COMMITTEE INTERN – based in Ho Chi Minh

Read more

January 26, 2024

EuroCham and VAFIE Discuss EU Investment Trends and Challenges in Vietnam

Read more

January 26, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Read more

January 26, 2024

EuroCham’s Construction Sector Committee: spearheading sustainable development in Vietnam’s construction industry

Read more

January 26, 2024

[CORPORATE SUPPORT] A smart factory for smart materials: BASF celebrates the inauguration of its TPU plant at the Zhanjiang Verbund site

Read more

January 24, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Read more

January 24, 2024

[CORPORATE PARTNER] PwC – Asia Pacific climate actions not on track: Moving beyond commitment and towards transformation

Read more

January 19, 2024

[EXTENDED DEADLINE] [Work @ EuroCham] GEFE Project Officer and GEFE Project MarCom Officer – based in Ho Chi Minh

Read more

January 19, 2024

Economic Insights Unveiled at “Economic Outlook 2024” Business Luncheon organized by EuroCham and BritCham

Read more

January 19, 2024

EuroCham Vietnam’s latest Whitebook proposes recommendations for boosting investment for a greener, more sustainable economy

Read more

January 19, 2024

[SUPPORTED CONTENT] PWC recently launched report on the impact of Corporate Sustainability Reporting Directive (CSRD)

Read more

January 19, 2024

EuroCham Construction Sector Committee Meets with Ministry of Construction to Foster Industry Dialogue

Read more

January 18, 2024

High-Level Hungarian delegation meets with EuroCham Vietnam, CEEC, and Consulate General of Hungary

Read more

January 12, 2024

EuroCham Rings in 2024 with Festive Celebration in Hanoi

Read more

January 12, 2024

Ringing in 2024 with Cheer at EuroCham’s New Year Celebration in Ho Chi Minh

Read more

January 05, 2024

Successful EuroCham Vietnam advocacy outcome regarding Circular on Nutritional Labeling

Read more

January 05, 2024

Vietnam’s business confidence gains traction in Q4 2023 amid challenges: EuroCham Vietnam Business Confidence Index (BCI)

Read more

January 05, 2024

Vice-Chairman Minh Nguyen continues tenure on Prime Minister’s Advisory Council for Administrative Procedures Reform

Read more

December 19, 2023

[Work @ EuroCham] MEMBERSHIP ASSISTANT – based in Ho Chi Minh

Read more

December 19, 2023

EuroCham’s constructive engagement at the Ministry of Foreign Affairs’ 21st National Conference on Provincial Affairs

Read more

December 15, 2023

Memorandum of understanding signing ceremony on enhancing the regulatory environment and healthcare access towards promoting technological advancements in the medical device sector

Read more

December 15, 2023

[Sector Committee Spotlight] Mobility Sector Committee

Read more

December 15, 2023

EuroCham’s mission to Da Nang: strengthening ties and showcasing investment potential in Central Vietnam

Read more

December 14, 2023

[CORPORATE PARTNER] BASF launches Irgastab® PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams

Read more

December 08, 2023

[CORPORATE PARTNERS] BASF engages young minds in chemistry with two new Virtual Lab experiments in Vietnamese

Read more

December 08, 2023

[Event Recap][Breakfast talk] EuroCham Construction Sector Committee’s Successful HCMC Breakfast Talk on Designing with AI!

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners