Vietnam has become the EU’s second-biggest trading partner in ASEAN, after Singapore, Photo: Le Toan For one week from October 14, Prime Minister Nguyen Xuan Phuc will visit Austria before flying to Brussels to attend the 12th Asia-Europe Meeting Summit (ASEM) and visit Belgium and the EU. His final stop will be a trip to Denmark where he will attend the P4G Copenhagen Summit 2018, aimed at discussing sustainable development goals through innovative partnerships. One of the main targets of these visits, in addition to cementing further economic, trade and investment ties, is Vietnam working with leaders of these nations – with Austria currently holding the presidency of the Council of the European Union – on the possibility of the EU-Vietnam Free Trade Agreement (EVFTA) being signed later this year. It is hoped it could be ratified in the first quarter of 2019, before the next elections to the European Parliament scheduled to be held next May. PM Phuc will also meet with the heads of many European companies from these nations, wishing to expand business and investment in Vietnam in anticipation of the EVFTA. In Austria during October 14-16, the governments and businesses of the two countries will likely… Read full this story
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