Vietnam – EU (EVFTA)

EU-Vietnam Free Trade Agreement (EVFTA) is a new generation FTA between Vietnam and 27 European Union member states. EVFTA and Trans-Pacific Partnership (TPP) are two of the largest new generation free trade agreements that Vietnam’s largest ever negotiated. On December 1st, 2015, the negotiation rounds of EVFTA was officially announced to be concluded, and its official full text was published on February 1st, 2016. On 26 June 2018, EVFTA was divided into two Agreements in terms of trade and investment. At the same time, the legal review of Investment Protection Agreement (IPA) and EVFTA’s final text was formally concluded. Both Agreements were signed on 30 June 2019. EVFTA and EVIPA were ratified by the European Parliament on February 12, 2020, and approved by the Vietnamese National Assembly on June 8, 2020. For EVFTA, after ratification, this Agreement has came into force on August 1, 2020. For EVIPA, on the EU side, the Agreement will still need to be further ratified by the Parliament of all 27 EU member states to take effect.

Please see more details of the agreement at:

https://wtocenter.vn/fta/199-vietnam–eu-evfta/1