(VOVworld)- The Ministry of Industry and Trade and the EU Delegation to Vietnam on Tuesday launched the European Trade Policy and Investment Support Project in Hanoi. The project is the continuation of the Multilateral Trade Policy Assistance Projects opening a new era in cooperation between Vietnam and the EU. The project, worth 16.5 million USD, will be implemented over five years, aiming to support Vietnam in facilitating sustainable international trade and investment through improving the capacity of the Ministry of Industry and Trade and relevant agencies for policy making, policy consultation, negotiation and implementation of related commitments, particularly with the EU.