EU-Vietnam trade deal has potential to rescue European, Asian economies

HANOI, Aug 8 (dpa): The new EU-Vietnam free trade agreement (EVFTA), which came into effect on August 1, opens up opportunities to boost Vietnam's economy and also offers new prospects to European economies in a time of global financial unease.

The new EU-Vietnam free trade agreement (EVFTA), which came into effect on August 1, "opens up opportunities" to boost Vietnam's economy, Prime Minister Nguyen Xuan Phuc and prominent Vietnamese business leaders said on Thursday in Hanoi.