{"id":9040,"date":"2020-09-14T16:37:28","date_gmt":"2020-09-14T16:37:28","guid":{"rendered":"https:\/\/www.octagona.com\/?p=9040"},"modified":"2026-10-23T16:35:17","modified_gmt":"2026-10-23T14:35:17","slug":"vietnam-production-hub-eu-agreement","status":"publish","type":"post","link":"https:\/\/octagona.com\/en\/vietnam-polo-produttivo-accordo-ue\/","title":{"rendered":"Vietnam: the new expanding manufacturing hub and the free trade agreement with the EU"},"content":{"rendered":"<p class=\"wp-block-paragraph\" style=\"text-align: left;\"><strong>The increase in production costs<\/strong> linked to wage growth <strong>in China<\/strong>, coupled with the trade war with the US, is pushing more and more companies to <strong>Rethinking expansion choices<\/strong> and to head to Asian markets other than China. One of the most attractive countries is <strong>Vietnam<\/strong>, in that:<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\" style=\"text-align: left;\">\u2013 It covers a <strong>strategic location<\/strong> inside the\u2019<strong>ASEAN<\/strong>, central to all of Southeast Asia.<br \/>\u2013 It has a large working-age population. The <strong>48%<\/strong> of the population has <strong>between the ages of 25 and 54<\/strong>, and it is estimated that by 2050 the country will reach <strong>120 million<\/strong> of inhabitants\u00a0<br \/>\u2013 It is the first Asian country for infrastructure investments, with more than <strong>250 industrial parks<\/strong>, and spends the <strong>5.81% of GDP in education<\/strong>\u00a0<br \/>\u2013 Over the years, it has implemented important policies of <strong>trade liberalization<\/strong>. The last one is the pact with the EU., <a href=\"https:\/\/ec.europa.eu\/taxation_customs\/sites\/taxation\/files\/evfta-guidance.pdf\"><strong>The EVFTA<\/strong><\/a><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\" style=\"text-align: left;\">On March 30, 2020, it was signed in Brussels <strong>The Free Trade Agreement between the European Union and the Socialist Republic of Vietnam<\/strong>, which came into effect on August 1, 2020. <br \/><br \/>The agreement provides for the near-total elimination of customs duties between the EU and Vietnam, to be implemented over a period of 7 years, including on key European export products to Vietnam: machinery, automobiles, and chemical products. As a consequence, exports from Vietnam to the EU are expected to grow by <strong>15 billion euros<\/strong> per year while EU exports to Vietnam would increase by <strong>\u20ac8.3 billion<\/strong> per year. In recent years, in fact, our imports have decreased by <strong>14,57%<\/strong> while our exports grew by <strong>12,11%<\/strong> resulting in an improvement in the balance, which nonetheless remains in deficit for Italy.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\" style=\"text-align: left;\">This agreement is therefore intended to foster EU trade with a rapidly expanding country, with a <strong>annual growth of 6-7%<\/strong>, where European investors will undoubtedly have significant development opportunities.\u00a0<br \/><br \/><strong>Octagona can help your company expand its business in Vietnam, as it has a direct presence in the country with its own office, local staff, extensive experience, and a network of professionals in the main ASEAN markets.\u00a0<\/strong><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\" style=\"text-align: left;\"><strong>Our team of professionals is available for a free initial consultation and specializes in:<br \/><br \/>- International Advisory<br \/>Sales &amp; Marketing (Direct &amp; TEM)\u00a0<br \/>Digital Export\u00a0\u00a0\u00a0<br \/>- Foreign regulatory analysis and assistance<\/strong><\/p>\r\n<p>Read also:\u00a0<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/octagona.com\/en\/vietnam-a-quick-response-country\/\">Vietnam: a quick-response country<\/a><\/p>\r\n<p><a href=\"https:\/\/octagona.com\/en\/vietnams-new-expanding-manufacturing-hub-and-free-trade-agreement-with-lue\/\">Vietnam: the new expanding manufacturing hub and the free trade agreement with the EU<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>L\u2019incremento dei costi di produzione legati alla crescita dei salari in Cina, congiuntamente alla guerra dei dazi con gli USA, spinge sempre pi\u00f9 aziende a ripensare le scelte di espansione e a dirigersi su mercati asiatici diversi da quello cinese. Uno dei Paesi con maggiore attrattivit\u00e0 \u00e8 il Vietnam, in quanto: &#8211; Ricopre una posizione [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary octgn-read-more-link\" href=\"https:\/\/octagona.com\/en\/vietnam-polo-produttivo-accordo-ue\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":11434,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[168,164],"class_list":["post-9040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internazionalizzazione-imprese","tag-asean","tag-vietnam"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vietnam: nuovo polo produttivo e libero scambio UE | Octagona Srl<\/title>\n<meta name=\"description\" content=\"Rapporti internazionali tra Vietnam e l&#039;Unione 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Laureata in Economia e Marketing internazionale all'Universit\u00e0 di Modena e Reggio Emilia, cura i contenuti del blog dedicati ai mercati esteri, all'export e alle strategie di ingresso per le PMI italiane. 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