New trade agreements: challenges and opportunities for Vietnam

Source: Pano feed

(VOV) – The mid-term Vietnam Business Forum (MVBF) themed “Agenda to Action – Preparing for New Trade Agreements” opens in Hanoi on June 5.



The annual forum is a policy dialogue between the Vietnamese Government and domestic and foreign business communities to examine ways of building a favourable business environment, attract investment and spur sustainable economic development in Vietnam.



Government and ministry leaders, representatives from diplomatic agencies and international organisations, donors and domestic and foreign businesspeople will hold discussions on the impact, opportunities and challenges after Vietnam signs a number of important trade agreements- Trans-Pacific Partnership (TPP) Agreement and Free Trade Agreement with EU.


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Other important issues tabled for discussion cover banking, capital market, investment, trade, customs, tax, labour, employment, infrastructure, agriculture and tourism.


Ministry leaders will answer all businesses’ questions about the matters of their concern.


On sidelines of MVBF, Prime Minister Nguyen Tan Dung met the Council of the Taiwanese Chambers of Commerce to Vietnam delegation led by its Chairwoman Liu Mei Teh.


Dung emphasised that Taiwanese businesses are operating successfully in Vietnam, greatly benefitting both sides. The Vietnamese Government will continue to improve the business environment to facilitate foreign investors’ operations including Taiwanese ones in the country.


PM Dung said that China’s illegal deployment of its oil rig Haiyang Shiyou 981 in Vietnam’s exclusive Economic Zone (EZZ) and continental shelf is an illegal act, which has led to spontaneous demonstrations in some provinces. Some extremists took the occasion to violate law and break and loot property and estates of some foreign direct investment (FDI) businesses, including Taiwan.


After their occurrence, Vietnam timely directed forces to deal with the aftermath and set up working groups to support each business in order to quickly get them back in operation.


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Liu Mei Teh spoke highly of PM Dung’s efforts to direct relevant ministries and localities to comprehensively implement measures to stabilise the situation, ensure security and safety for Taiwanese businesses’ operations. She also urged the Government to further support affected businesses, including tax policy.


She affirmed that Taiwan will expand investment and continue to carry out projects in Vietnam. She expressed her hope that with the Government’s assistance, FDI businesses, including Taiwanese ones, will grow steadily in the future.




Đăng ký: VietNam News

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