August “Business Café” Meeting in Yen Bai discusses EVFTA

  •  Monday, August 31, 2020

YBO - The provincial People’s Committee, the Party organisation of the bloc of provincial agencies and businesses, and the business association in Yen Bai on August 28 co-hosted a monthly meeting among local businesses called “Business Café” to discuss impacts of the Vietnam-European Union Free Trade Agreement (EVFTA) on the Vietnamese economy.

Vice Chairman of the provincial People’s Committee Nguyen Chien Thang delivers a remark at the meeting.
Vice Chairman of the provincial People’s Committee Nguyen Chien Thang delivers a remark at the meeting.

The meeting aimed to help enterprises and cooperatives in the province solve challenges facing their production and business and at the same time, provide them with information on the impact of the EVFTA as well as the COVID-19 pandemic on the national economy.

Participating businesses and cooperatives were briefed about international integration in 2020 and opportunities and challenges that it brings to Yen Bai and Vietnam at large. They were also introduced about the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and its impacts on the country’s economy.

They shared a common view that the EVFTA presents opportunities for Vietnamese firms in general and those in Yen Bai in particular to receive transfer of advanced technologies from the EU to increase productivity, product quality and competitiveness. The deal also provides local firms with chances to access the EU market and promote exports of the province’s key products.

Thanh Chi - Duc Toan

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