Once Vietnam's National Assembly also ratifies the EVFTA, the agreement can enter into force, most likely in early summer 2020.
Vietnam will close its southwestern borders with Laos and Cambodia from April 1 to prevent the spread of the coronavirus, officials said.
Vietnam has closed borders with its south-western neighbors Laos and Cambodia starting Wednesday in its continued bid to contain the Covid-19 pandemic.
Despite the cornonavirus crisis badly affecting the ASEAN and its partners, the Regional Comprehensive Economic Partnership (RCEP) remains slated to be inked later this year as scheduled, ushering in more eventual trade and investment opportunities for Vietnam.
The Hi-Tech Park and Industrial Zones management board has put into operation the central building offering one-door administrative procedures and support to investors at the park from Tuesday.
State budget revenue in March is estimated at VND89 trillion (US$3.82 billion), equivalent to 7.1 per cent of the ordinance estimate and down 2.2 per cent from the same period last year, data of the General Department of Taxation (GDT) revealed.
The European Council on March 30 passed a decision to ratify the EU-Viet Nam Free Trade Agreement (EVFTA), paving the way for the deal to come into force.
About 80 per cent of responding members are very concerned about the economic impact of the novel coronavirus, according to a survey conducted by the American Chamber of Commerce in Ha Noi (AmCham).
Hydropower dams on the Mekong River are expected to reduce Vietnam’s GDP by 0.3 percentage points due to their impact on fisheries and agriculture.
88% of the companies praised the Vietnamese government’s effective communication of health and safety updates.