Analysis of European Union and Vietnam Free Trade Agreement (EVFTA)

Abstract

Based on the strength of the diplomatic relationship, Vietnam and the European Union signed the European Union-Vietnam Free Trade Agreement for an open market for both sides. From the specific backgrounds of participating nations, the thesis will lead the readers to understand the backgrounds of Vietnam and the EU alongside the overview of the EVFTA’s regulations on both sides as well as analyses the effects of the agreement on both markets. The thesis used the appropriate method of analysis and research. The theoretical base is given for the basic knowledge of international trade. With the theoretical base, the analysis of the regulations and protocols of the agreement would be brought out. From the studies, an understanding of the EVFTA’s potential for both markets was provided as a result of the analysis. The EVFTA took effect recently and further studies on the matter were being conducted. Yet, the thesis provided insight into the free trade agreement between Vietnam and the EU. From that, opinions could be built on with the perspective of the potential of the EVFTA