SPIRE SIGN IN Register

Spirethoughts

Spire's six most recent Spirethoughts.

EU offers more market access to Vietnam
EU offers more market access to Vietnam
The Coronavirus spells trouble for the pharma industry in India and gl...
Will electric cars be more enjoyable to drive
Will electric cars be more enjoyable to drive?
Drones: Winging it like a bird
The World Bank’s USD212 million Green loan for Vietnam
The World Bank’s USD212 million Green loan for Vietnam
Thumbnail_A global digital currency in the works_
A global digital currency in the works

The European Union-Vietnam Free Trade Agreement (EVFTA) is set to open doors for Vietnamese exporters

On 30 June, 2019, the European Union signed its first free trade deal with a developing Asian country – Vietnam, one of the fastest growing economies in Southeast Asia.

The EU-Vietnam Free Trade Agreement (EVFTA) would reduce 99% of tariffs on goods and services traded between European and Vietnamese markets.

WVietnam’s exports to the EU were valued at 50 billion euros in 2018. This figure is expected to increase by 40% by 2025 under EVFTA.

Between the years 2024 – 2028, the agreement would boost Vietnam’s gross domestic product by 5 to 6% annually.

Will the EVFTA herald a closer economic relationship between Vietnam and Europe?


For media enquiries, please contact:

Nidhi Singh
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (91) 124 288 9151
E-mail: nidhi.singh@spireresearch.com

Back to Top

Back to Home
BTBTBTBTBTBT