In February 2020, the European Parliament ratified a free trade agreement (FTA) and an Investment Protection Agreement (PPI) with Vietnam. MEPs (ENPs) voted in favour of the agreements in Strasbourg. Vietnam has free trade agreements with many countries in the region, such as Japan, South Korea, etc. Another important free trade agreement in which Vietnam participates is the Trans-Pacific Partnership. It covers countries bordering the Pacific Ocean, such as Japan, Chile, Canada and Australia. With the United States withdrawing from the negotiations, the remaining 11 countries continued negotiations and agreed on the new comprehensive and progressive agreement for the Trans-Pacific Partnership (PPAC). The importance of the CPTPP for Vietnam is much less important than the TPP would have been, given that Vietnam had already concluded free trade agreements with the remaining 11 countries, either bilaterally or through the ASEAN Pact. Under the EU, the EU provides the same thresholds as it applies under the WTO Public Procurement Agreement (GPA) and other free trade agreements, while Vietnam has a 15-year transitional period with higher thresholds. Both the EU and Vietnam are committed to opening up public procurement to the central government, sub-headquarters and other entities, as outlined in the annexes to the agreement. In particular, the EU is committed to opening the same central public bodies as in the WTO, with some exceptions. Vietnam is committed to opening procurement procedures for 20 central agencies, including several ministries, departments and sub-agency, two sub-central government entities (Hanoi City and Ho Chi Minh City) and 42 “other covered entities,” including Vietnamese Railways and Vietnam Electricity.2 To obtain preferential rights under THE TUEFTA, distributors must complete the general rules of origin or rules of origin of the product of the agreement and complete a certificate of origin (Form EUR.
1) or declaration of origin issued by the government. are issued by a certified exporter (i.e. self-certification of origin). The TFUE allows for the bilateral accumulation of origin, in which products manufactured in one part can benefit from preferential treatment and containing materials of the other party. It also allows for a limited accumulation of South Korean substances used in textile manufacturing and the possibility of accumulating fishing equipment from other ASEAN Member States. One of the most important criteria is the strengthening of Vietnam`s economic power. This is why around 65% of current free trade rights will be completely abolished, allowing the EU to export more to Vietnam.