ISDS Case Map
Vietnam
While the government hopes the free trade agreement with South Korea will bring benefits to Vietnam, businesses fear it will bring them more losses than gains.
In its quest for new markets and more opportunities, Vietnam — the rising star of ASEAN — signed a historic free trade agreement (FTA) with the newly established Eurasian Economic Union (EEU) on May 29 in Astana, the capital of Kazakhstan.
The government has decided to earmark 1.7 trillion won ($1.53 billion) over the next 10 years to mitigate damage to local industries from free-trade agreements with China, Vietnam and New Zealand expected to take effect this year.
The South Korean government said Friday that it has asked the parliament to ratify the country's bilateral free trade agreement (FTA) with China that was signed earlier in the week, apparently demonstrating its firm resolution to quickly implement what it has called one of the most significant trade deals it has ever signed.
The need for businesses to learn the import and export regulations in different markets has only become more important as Viet Nam signs a slew of free trade agreements (FTAs), experts say.
Russian Prime Minister Dmitry Medvedev has approved a free trade zone agreement between the Eurasian Economic Union (EEU) and Vietnam.
The Viet Nam - South Korea Free Trade Agreement (FTA) signed on May 5 is expected to bring positive effects to many of the countries' economic fields.
New free trade agreements (FTA) will help Vietnamese companies improve access to markets and diminish costs, but they will also require strategies and policies to minimise the probability of trade lawsuits, speakers said at a seminar on global trade late last week in HCM City.
The FTA with Vietnam is South Korea’s 15th to date, with greater levels of product liberalization than the previous FTA with the ASEAN countries (including Vietnam) that went into effect in June 2007.
The EU Ombudsperson has found that the European Commission’s failure to carry out a human rights impact assessment in the negotiations for a trade and investment agreement with Vietnam constitutes "maladministration".
