EVFTA: A Monumental Step Forward in Vietnam-EU Relations

Today (Sep. 4), Vietnam News highlights instances of Vietnam's successful bilateral cooperation with the European Union, ongoing peacekeeping missions, and expanding strategic partnerships with Japan. Furthermore, the news sheds light on the appeal of living in Vietnam, which places 14th on the list of expat-favored countries due to its budget-friendly lifestyle options.

0
187

Vietnam News Today (Sep. 4) Notable Headlines

  • EVFTA a Milestone in Vietnam-EU Bilateral Cooperation: The VN-EU Free Trade Agreement (EVFTA) has been a milestone in the 30-year relationship between Vietnam and the European Union, ushering in a new era of bilateral cooperation and development.
  • Vietnamese Peacekeepers Celebrate National Day in Abyei: The Military Engineering Unit Rotation 2 celebrated Vietnam’s National Day at the UN Interim Security Force for Abyei (UNISFA) in Africa on September 2.
  • Strengthening Vietnam-Japan Extensive Strategic Partnership: Otsuji Hidehisa, President of the House of Councillors of Japan, will pay an official visit to Vietnam from September 4-7 to strengthen the extensive strategic partnership between the two countries.
  • Vietnam 14th Most Favored Country by Expats, Thanks to Budget-Friendly Living: Vietnam is ranked 14th as the best place for expats in 2023, with a happiness score of 82, according to the Expat Insiders 2023 Report.
  • HCM City Works to Elevate Tourism Profile: Ho Chi Minh City led the country in tourism revenue in the first half of 2023, showcasing its efforts in promoting the tourism sector and tourism development.
Photo: VNS

Photo: VNS

EVFTA a Milestone in Vietnam-EU Bilateral Cooperation

The VN-EU Free Trade Agreement (EVFTA) has been a milestone in the 30-year relationship between Vietnam and the European Union, ushering in a new era of bilateral cooperation and development. The trade agreement, which went into effect on August 1, 2020, has brought Vietnam-EU economic partnership to the next level and established a solid foundation for future economic and investment collaboration. The EVFTA has delivered significantly positive impacts on Vietnam’s economy, both economically and institutionally.

Three years after the implementation of the EVFTA, Vietnam has demonstrated its commitment to full implementation of the trade agreements regarding tariffs, market access for services, investment, public procurement, and deregulation. The EVFTA has played a major role in improving trade, foreign investment, business awareness, and economic development in Vietnam.

Total export turnover from Vietnam to the EU has increased, thanks to EVFTA tariff preferences. The EU’s foreign direct investment (FDI) into Vietnam has also increased, resulting in a positive impact on the country’s economy. Vietnamese businesses are benefiting from the EVFTA, and a majority of them expect further positive impacts in the future.

Colonel Nguyen Viet Hung (second from right), commander of the Vietnamese peacekeeping force in Abyei and Major General Benjamin Olufemi Sawyerr, commander of the UNISFA Mission in Abyei, at the ceremony marking 78 years of Vietnam's National Day on September 2. (Photo: thanhnien.vn)

Colonel Nguyen Viet Hung (second from right), commander of the Vietnamese peacekeeping force in Abyei and Major General Benjamin Olufemi Sawyerr, commander of the UNISFA Mission in Abyei, at the ceremony marking 78 years of Vietnam’s National Day on September 2. (Photo: thanhnien.vn)

Vietnamese Peacekeepers Celebrate National Day in Abyei

Military Engineering Unit Rotation 2 celebrated Vietnam’s National Day at the UN Interim Security Force for Abyei (UNISFA) in Africa on September 2. Major General Benjamin Olufemi Sawyerr, commander of the UNISFA Mission, congratulated Vietnam on its National Day and praised Vietnamese peacekeepers for their efforts in bringing peace and hope to the local people. Colonel Nguyen Viet Hung, commander of the Vietnamese peacekeeping force in Abyei, affirmed Vietnam’s commitment to protecting national independence and promoting peace and prosperity in Abyei.

President of the House of Councillors of Japan Otsuji Hidehisa (Photo: AFP)

President of the House of Councillors of Japan Otsuji Hidehisa (Photo: AFP)

Strengthening Vietnam-Japan Extensive Strategic Partnership

Otsuji Hidehisa, President of the House of Councillors of Japan, will visit Vietnam from September 4-7 to strengthen the extensive strategic partnership between the two countries. The visit coincides with the 50th anniversary of the bilateral diplomatic ties. Vietnam and Japan have deepened their economic cooperation, with increasing trade and investment. Japan is one of Vietnam’s top foreign direct investors and the largest supplier of official development assistance. Both countries have also cooperated in culture, education, tourism, and regional development.

How expats rate life in Vietnam. The country was ranked 14th in the world as the best country for expats according to InterNations 2023 survey. Photo from the survey report

How expats rate life in Vietnam. The country was ranked 14th in the world as the best country for expats according to InterNations 2023 survey. Photo from the survey report

Vietnam 14th Most Favored Country by Expats, Thanks to Budget-Friendly Living

Vietnam is ranked 14th as the best place for expats in 2023, with a happiness score of 82, according to the Expat Insiders 2023 Report. Expats appreciate the budget-friendly living in Vietnam and the favorable personal finance conditions. While there are challenges in areas such as air quality, urban environment, and administrative services, the majority of expats feel welcome and enjoy their financial situation in the country.

HCM City works to elevate tourism profile (Photo: VNA)

HCM City works to elevate tourism profile (Photo: VNA)

HCM City Works to Elevate Tourism Profile

Ho Chi Minh City has been leading the country in tourism revenue, reflecting its efforts in promoting the tourism sector. The city has introduced new tourism products and services, attracting a significant number of visitors. Efforts are being made to develop a tourism strategy, improve tourism databases, and organize key activities and events to attract more visitors. The city also aims to enhance regional tourism links and promote tourism cooperation with other provinces and cities. Additionally, tourism promotion activities are being carried out in key markets.

Rosie Nguyen