EVFTA, EVIPA provide additional interests for Vietnam’s economy

(VOVWORLD) - Global Risk Insights, a leading source of political risk news and analysis ran an article Friday analyzing the positive benefits the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investor Protection Agreement (EVIPA) could bring to Vietnam.

Global Risk Insights said more than 70% of Vietnam’s exports are linked to FDI, so EU investors will also benefit from export growth as a consequence of lower import duties in the EU.

Global Risk Insights said the EVFTA and EVIPA will be additional sources of gain for the Vietnamese economy. Vietnamese exporters will have preferential access to the 18 trillion USD European market, making Vietnam’s gaining market share in the EU a realistic probability in the medium to long term, it said.