Vietnam is actively considering approving the two remaining International Labor Organization (ILO) conventions, which are Convention 87 and Convention 105.
Vietnam’s National Assembly (NA) plans to ratify the European- Vietnam Free Trade Agreement (EVFTA) at its bi-annual working session later this year, and continue perfecting the legal framework to put these trade deals the deal and the EU-Vietnam Investment Protection Agreement (EVIPA) into practice, NA Chairwoman Nguyen Thi Kim Ngan said at talks with European Commissioner for Trade Cecilia Malmstrom.
Chairwoman Ngan elaborated that Vietnam is actively considering approving the two remaining International Labor Organization (ILO) conventions, which are Convention 87 on Freedom of Association and Protection of the Right to Organize and Convention 105 on Abolition of Forced Labor as soon as possible, VNA reported.
Vietnam’s top legislator emphasized the importance of the EVFTA and EVIPA in lifting the already good relationship between Vietnam and EU to a new height and expressed her belief that the two pacts would bring practical benefits to people, enterprises, and investors of the two sides.
In turn, Commissioner Malmstrom said that the signing of two pacts is a significant turning point in the Vietnam - EU relationship, helping strengthen the comprehensive partnership and cooperation between two sides.
With the two pacts, two sides desire to boost the cooperation relationship based on the realization of joint commitments with the focus on trade and investment.
She also said that Vietnam-EU relations should also be viewed not only from bilateral but also multilateral perspective, contributing to the promotion of international trade mechanism such as the World Trade Organization (WTO) or other international organizations.
The two sides also agreed that dialogues and maintaining regular dialogues are crucial for not only the implementation of the two pacts but also the expansion of the bilateral relationship under the EU-Vietnam Framework Agreement on Partnership and Cooperation (PCA).
Accordingly, Vietnam and EU’s relevant agencies will work closely to prepare for submitting these pacts to the Vietnamese National Assembly and the European Parliament (EP) for early ratification.
Chairwoman of the National Assembly Nguyen Thi Kim Ngan and European Commissioner for Trade Cecilia Malmstrom. Photo by Nhat Bac/VGP
|
Vietnam’s top legislator emphasized the importance of the EVFTA and EVIPA in lifting the already good relationship between Vietnam and EU to a new height and expressed her belief that the two pacts would bring practical benefits to people, enterprises, and investors of the two sides.
In turn, Commissioner Malmstrom said that the signing of two pacts is a significant turning point in the Vietnam - EU relationship, helping strengthen the comprehensive partnership and cooperation between two sides.
With the two pacts, two sides desire to boost the cooperation relationship based on the realization of joint commitments with the focus on trade and investment.
She also said that Vietnam-EU relations should also be viewed not only from bilateral but also multilateral perspective, contributing to the promotion of international trade mechanism such as the World Trade Organization (WTO) or other international organizations.
The two sides also agreed that dialogues and maintaining regular dialogues are crucial for not only the implementation of the two pacts but also the expansion of the bilateral relationship under the EU-Vietnam Framework Agreement on Partnership and Cooperation (PCA).
Accordingly, Vietnam and EU’s relevant agencies will work closely to prepare for submitting these pacts to the Vietnamese National Assembly and the European Parliament (EP) for early ratification.
Other News
- Vietnam among Asia-Pacific's fastest growing economies: FedEx
- Trade ministry proposes purchasing renewable electricity mechanisms without EVN’s involvement
- Australia and Vietnam develop competitive electricity markets
- Vietnam’s stock market remains attractive investment channel: Expert
- Hanoi to build 14 urban railway lines
- Cuba appreciates Vietnam’s support in food and fisheries production
- Central bank to auction gold to calm domestic market
- Real estate prices are on the rise in downtown Hanoi
- Hanoi to develops craft villages for sustainable growth
- Deputy PM calls for review and improvement of value chain mechanisms
Trending
-
Where do Vietnamese prefer to go for their next holiday?
-
Vietnam news in brief- April 19
-
Vietnam among Asia-Pacific's fastest growing economies: FedEx
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen
-
Hanoi street where dead appliances come back to life
-
Vietnam’s economy urged to rely on internal strengths to weather global uncertainties: ADB
-
Vietnam, Thailand advance realization of “Three Connections” strategy
-
MICHELIN Guide sets its sights on Vietnam’s central region