NA Vice Chairman urges completion of FTA with European Free Trade Area
Vice Chairman of the NA Phung Quoc Hien has urged member countries of the EFTA to continue pushing forward with the negotiation on a FTA between Vietnam and the EFTA.
Vice Chairman of the National Assembly Phung Quoc Hien (R) and Vice President of the Norwegian parliament Svein Roald Hansler (Source: VNA)
Hanoi (VNA) - Vice Chairman of the National Assembly Phung Quoc Hien has urged member countries of the 💜European Free Trade Area (EFTA) to continue pushing forward with the negotiation on a free trade agreement between Vietnam and the EFTA with due consideration for core interest of both sides.
He made the call during a reception for a delegation of parliamentarians from EFTA nations led by Vice President of the Norwegian parliament Svein Roald Hansler in Hanoi on October 5.
Hien appreciated the development of ties between Vietnam and EFTA member countries, noting that trade and investment exchanges between Vietnam and the EFTA have seen expansion but are still yet to meet both sides’ potential and strength.
He suggested that in the coming time, the two sides encourage EFTA enterprises to increase their investment and operation in sectors with high demand in Vietnam.
Host and guests shared the view that an early conclusion of the FTA will lay a foundation for propelling the bilateral cooperation in economics and trade.
The visiting parliamentarians expressed their wish that EFTA and Vietnam will develop a more intensive and comprehensive partnership, thus promoting their goods, services and investment exchanges.
Previously, the EFTA delegation held talks with the NA’s Committees for External Affairs, and Economic Affairs. The two sides agreed to enhance cooperation in diplomacy, economics and delegation exchanges, thus boosting the Vietnam-EFTA parliamentary relations.-VNA
The launch of negotiations on a free trade agreement between Vietnam and the European Free Trade A🐻ssociation (EFTA) and the EFTA’s recognition of Vietnam as a market econ𒐪omy is an important step forward for bilateral ties in the future, especially in economics and trade.
Vietnamese agricultural product and seafood exporters will have more chances to expand their market as they well form regulations in the sanitary and phytosanitary systems (SPS) of the European Free Trade Association (EFTA).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Vice Chairman of the National Assembly Phung Quoc Hien (R) and Vice President of the Norwegian parliament Svein Roald Hansler (Source: VNA)
