Action plan on EVFTA enforcement released
21:01 | 06/08/2020

VGP – The Ministry of Planning and Investment has introduced an action program on EVFTA enforcement with four groups of measures, according to Minister of Planning and Investment Nguyen Chi Dung.

Illustration photo

Minister Dung made the announcement on August 6 at a video-teleconference on the action plan to implement the Viet Nam-EU free trade agreement (EVFTA).

The MoPI composed the action program with a view to effectively enforcing the EVFTA and optimizing benefits from the agreement. 

Firstly, the ministry targets to disseminate the EVFTA and boost investment promotion activities. Accordingly, workshops and conferences on EVFTA will be held with the participation of localities, investors, consultants, and business community. 

The action program also aims to review and perfect mechanisms, policies, and laws in order to improve the investment and business environment in accordance with Viet Nam’s commitments to EVFTA. 

The MoPI will continue to implement tasks and solutions to improve the business environment and raise national competitiveness in line with Resolution 02/NQ-CP; Resolution 35/NQ-CP, and Resolution 68/NQ-CP. 

Specifically, the MoPI submitted a draft national program for SMEs on innovative start-ups or participating in industrial clusters and value chains in the 2021-25 period. In addition, the ministry will early put the national innovation center into operation and enable enterprises to participate in the national digital transformation program. 

The action program targets to build and perfect mechanisms to control and prevent disputes between the State and investors towards more transparency and effectiveness of law enforcement. 

Finally, ministries and sectors will effectively provide support in post-investment periods and timely resolve difficulties for investors and disputes.

In addition, ministries and sectors will strengthen supervision of EFFTA enforcement at grass-root levels in order to perfect the business environment and early warning mechanisms in case of possible investment disputes./. 

By Kim Loan  

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