Report

Vietnam : Deepening International Integration and Implementing the EVFTA

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collection.link.86
https://openknowledge.worldbank.org/handle/10986/2194
collection.name.86
Foreign Trade, FDI, and Capital Flows Study
dc.contributor.author
World Bank
dc.date.accessioned
2020-05-21T15:06:36Z
dc.date.available
2020-05-21T15:06:36Z
dc.date.issued
2020-05-01
dc.date.lastModified
2020-10-28T10:03:57Z
dc.description.abstract
Following from Vietnam’s ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in late 2018 and its effectiveness from January 2019, and the European Parliament’s recent approval of the European Union-Vietnam Free Trade Agreement (EVFTA) and its subsequent planned ratification by the National Assembly in May 2020, Vietnam has further demonstrated its determination to be a modern, competitive, open economy. As the COVID-19 (Coronavirus) crisis has clearly shown, diversified markets and supply chains will be key in the future global context to managing the risk of disruptions in trade and in supply chains due to changing trade relationships, climate change, natural disasters, and disease outbreaks. In those regards, Vietnam is in a stronger position than most countries in the region. The benefits of globalization are increasingly being debated and questioned. However, in the case of Vietnam, the benefits have been clear in terms of high and consistent economic growth and a large reduction in poverty levels. As Vietnam moves to ratify and implement a new generation of free trade agreements (FTAs), such as the CPTPP and EVFTA, it is important to clearly demonstrate, in a transparent manner, the economic gains and distributional impacts (such as sectoral and poverty) from joining these FTAs. In the meantime, it is crucial to highlight the legal gaps that must be addressed to ensure that national laws and regulations are in compliance with Vietnam’s obligations under these FTAs. Readiness to implement this new generation of FTAs at both the national and subnational level is important to ensure that the country maximizes the full economic benefits in terms of trade and investment. This report explores the issues of globalization and the integration of Vietnam into the global economy, particularly through implementation of the EVFTA.
en
dc.identifier
http://documents.worldbank.org/curated/en/866871589557725251/Vietnam-Deepening-International-Integration-and-Implementing-the-EVFTA
dc.identifier.uri
http://hdl.handle.net/10986/33787
dc.language
English
dc.publisher
World Bank, Hanoi
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
GLOBALIZATION
dc.subject
GLOBAL INTEGRATION
dc.subject
FREE TRADE AGREEMENT
dc.subject
DISTRIBUTIONAL IMPACT
dc.subject
LEGAL GAP ASSESSMENT
dc.subject
PREFERENTIAL ACCESS
dc.subject
TARIFF REDUCTION
dc.subject
RULES OF ORIGIN
dc.subject
NON-TARIFF MEASURES
dc.subject
FOOD SAFETY
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
DISPUTE RESOLUTION
dc.subject
TRADE INFORMATION PORTAL
dc.title
Vietnam
en
dc.title.subtitle
Deepening International Integration and Implementing the EVFTA
en
dc.type
Report
en
okr.crossref.title
Vietnam
okr.date.disclosure
2020-05-17
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study
okr.docurl
http://documents.worldbank.org/curated/en/866871589557725251/Vietnam-Deepening-International-Integration-and-Implementing-the-EVFTA
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b087932306_1_0
okr.identifier.internaldocumentum
32039612
okr.identifier.report
148536
okr.language.supported
en
okr.region.administrative
East Asia and Pacific
okr.region.country
Vietnam
okr.theme
Trade and integration :: Regional integration
okr.topic
Transport :: Transport and Trade Logistics
okr.topic
International Economics and Trade :: Customs and Trade
okr.topic
International Economics and Trade :: Foreign Direct Investment
okr.topic
International Economics and Trade :: Globalization and Financial Integration
okr.topic
International Economics and Trade :: Rules of Origin
okr.topic
International Economics and Trade :: Trade Liberalization
okr.topic
International Economics and Trade :: Trade and Multilateral Issues
okr.topic
International Economics and Trade :: Trade and Regional Integration
okr.unit
Country Office Vietnam

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