Opportunities and challenges that EVFTA brings Vietnam
In recent years, The European Union – Việt Nam Free Trade Agreement (EVFTA) has been receiving a great deal of media attention because this is the largest new-generation free trade agreement that Vietnam has ever signed. This agreement is believed to bring Vietnam a myriad of opportunities to foster economic growth which are always bound up with challenges that should not be taken lightly.
There are some associated benefits that can be reaped from signing the EVFTA. First of all, this trade agreement helps Vietnam increase its competitive edge through a significant reduction of tariff barriers. This contributes to increasing the volume of imports and exports between Vietnam and the European Union, thereby diversifying trade partners. Therefore, Vietnamese products can reach different markets that generate revenue and brings more wealth to Vietnam. Secondly, this agreement contributes to favorable conditions for Vietnam to trade in a better transparent legal environment and thereby attracting more investment from Europe. This is an opportunity for Vietnam to import high quality & reasonably priced material from EU as well as benefit from exceptional technique and equipment. This contributes to boosting Vietnam’s sustainable development, especially facilitate manufacturing industries and employment for domestic workers.
On the other hand, the EVFTA also poses several potential pitfalls to the Vietnamese economy which prompts the Government to take bold actions to survive in the international market. Firstly, there are a number of quality standards that Vietnamese products have to meet. EU requires products to meet requirements on technical standards, as well as plant and animal safety and hygiene criteria. This will be the biggest challenge that businesses have to attempt to improve because international consumers have very different and strict requirements compared with domestic ones. Secondly, the EVFTA also covers rules of origin which motivate Vietnam to be proactive to have sources of materials meeting traceability criteria. For example, textile products exported to EU must be made from materials produced in Vietnam and processing must be implemented by Vietnamese or EU enterprises. This may cause difficulties for textile businesses to receive incentives because they have not been able to produce cotton by themselves yet. Instead, domestic businesses have imported cotton for apparel producing from countries outside EU for many years.
In conclusion, while EVFTA brings Vietnam opportunities to reach the international market and sustainably develop, Vietnamese enterprises should take bold actions to improve national standards to be competitive.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2023-10-03 | c0758910@mylambton.ca | 84 | view |
| 2023-06-05 | Roopini | 73 | view |
| 2023-02-26 | Zarifaaa | 56 | view |
| 2022-06-04 | dhaivat | 78 | view |
| 2022-05-18 | Fereshteh Zarrinmah | 84 | view |
- Impact of Trade war on Vietnam 67
- Opportunities and challenges that EVFTA brings Vietnam 84
- Advantages and disadvantages of EVFTA 56
- Impact of Trade war on Vietnam 67
- The right to procreate is considered a human right, or the rights of all life. In some societies the right to terminate an unborn child is not allowed. Discuss both sides of the issue. 56
Transition Words or Phrases used:
also, but, first, firstly, if, may, second, secondly, so, therefore, well, while, for example, in conclusion, as well as, first of all, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 15.0 13.1623246493 114% => OK
Auxiliary verbs: 8.0 7.85571142285 102% => OK
Conjunction : 13.0 10.4138276553 125% => OK
Relative clauses : 9.0 7.30460921844 123% => OK
Pronoun: 18.0 24.0651302605 75% => OK
Preposition: 52.0 41.998997996 124% => OK
Nominalization: 14.0 8.3376753507 168% => OK
Performance on vocabulary words:
No of characters: 2310.0 1615.20841683 143% => OK
No of words: 397.0 315.596192385 126% => OK
Chars per words: 5.81863979849 5.12529762239 114% => OK
Fourth root words length: 4.46372701284 4.20363070211 106% => OK
Word Length SD: 3.04794892952 2.80592935109 109% => OK
Unique words: 223.0 176.041082164 127% => OK
Unique words percentage: 0.561712846348 0.561755894193 100% => OK
syllable_count: 723.6 506.74238477 143% => OK
avg_syllables_per_word: 1.8 1.60771543086 112% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 8.0 5.43587174349 147% => OK
Article: 3.0 2.52805611222 119% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 3.0 4.76152304609 63% => OK
Performance on sentences:
How many sentences: 18.0 16.0721442886 112% => OK
Sentence length: 22.0 20.2975951904 108% => OK
Sentence length SD: 37.5529256147 49.4020404114 76% => OK
Chars per sentence: 128.333333333 106.682146367 120% => OK
Words per sentence: 22.0555555556 20.7667163134 106% => OK
Discourse Markers: 8.5 7.06120827912 120% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 15.0 8.67935871743 173% => OK
Sentences with negative sentiment : 0.0 3.9879759519 0% => More negative sentences wanted.
Sentences with neutral sentiment: 3.0 3.4128256513 88% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.268484217899 0.244688304435 110% => OK
Sentence topic coherence: 0.082615859634 0.084324248473 98% => OK
Sentence topic coherence SD: 0.0772441678444 0.0667982634062 116% => OK
Paragraph topic coherence: 0.198105624232 0.151304729494 131% => OK
Paragraph topic coherence SD: 0.0704445396721 0.056905535591 124% => OK
Essay readability:
automated_readability_index: 17.0 13.0946893788 130% => OK
flesch_reading_ease: 32.22 50.2224549098 64% => OK
smog_index: 11.2 7.44779559118 150% => OK
flesch_kincaid_grade: 14.2 11.3001002004 126% => OK
coleman_liau_index: 16.48 12.4159519038 133% => OK
dale_chall_readability_score: 9.9 8.58950901804 115% => OK
difficult_words: 130.0 78.4519038076 166% => OK
linsear_write_formula: 11.5 9.78957915832 117% => OK
gunning_fog: 10.8 10.1190380762 107% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
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Rates: 84.2696629213 out of 100
Scores by essay e-grader: 7.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.