South-East Asia IPR SME Helpdesk

Vietnam Officially Ratifies EVFTA, Landmark Trade Deal with European Union

On the morning of June 8, 2020, Vietnam’s National Assembly passed a resolution officially ratifying the EU-Vietnam Free Trade Agreement (EVFTA), with 100% of the members in attendance (representing 94.62% of all members) voting in favor. The EVFTA has been described as the most ambitious free trade agreement the EU has ever entered with a developing country, and will eliminate 99% of customs duties in both directions. The trade deal is also expected to improve access to service markets and the protection of intellectual property in Vietnam.

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