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IMPLICATIONS OF EU-VN FREE TRADE

AGREEMENT TO VIETNAM ECONOMY AND


OPPORTUNITIES FOR IRELAND

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SUBHEAD GOES HERE

April 2016
AGENDA

1 2
THE SITUATION THE IMPLICATIONS
FOR VIETNAM

3 4
THE OPPORTUNITIES HOW TO GRASP THE
FOR IRELAND OPPORTUNITIES

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AGENDA

1 2
THE SITUATION THE IMPLICATIONS
FOR VIETNAM

3 4
THE OPPORTUNITIES HOW TO GRASP THE
FOR IRELAND OPPORTUNITIES

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THE SITUATION
After
3 YEARS of negotiation
14 DIPLOMATIC TALKS
2/12/2015: The Declaration on the formal conclusion of
EVFTA negotiations has been signed

EVFTA will:

SLASH TARIFFS on nearly 99% of all


exports between Vietnam & EU.

INCREASE EXPORTS:
30% - 40% VN-EU
20% - 25% EU-VN
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AGENDA

1 2
THE SITUATION THE IMPLICATIONS
FOR VIETNAM

3 4
THE OPPORTUNITIES HOW TO GRASP THE
FOR IRELAND OPPORTUNITIES

5
THE IMPLICATIONS FOR VIETNAM ECONOMY (1)
MORE PROS THAN CONS

Lower barriers EU An economy with EU An economy with


NEARLY 99%
TARRIFF
500 MIL 17.000
CONSUMERS Bil $ GDP
DECREASE

EASIER APPROACH FOR VIETNAMESE GOODS & ENTERPRISES


CREATE HUGE VALUE FROM EXPORTS FOR VIETNAM'S ECONOMY
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THE IMPLICATIONS FOR VIETNAM ECONOMY (2)
MORE PROS THAN CONS

EU countries are EU goods are HUMAN RESOURCE


ECONOMICALLY COMPLEMENTARY UPGRADE
goods, epscially brought by EVFTA's
ROBUST international
services & high-tech
industries benchmark

BESIDES MORE JOBS CREATED, A LEVER FOR VIETNAM ECONOMY TO


SHIFT FROM AGRICUALTURAL BASED ECONOMY TO
INDUSTRIAL & SERVICE BASED ECONOMY 7
THE IMPLICATIONS FOR VIETNAM ECONOMY (3)
IRELAND IS A PROOF FOR THE
PROSPECTIVE CHANGE
Radical changes to Ireland economy since joining EU

700,000 JOBS CREATED

TRADE HAS INCREASED 90 FOLD

A COUNTRY WITH FATEST ECONOMICAL


GROWTH* IN THE WORLD

GDP/PERSON RANKED 16TH

EVOLVED FROM AGRICUALTURAL BASED TO


INDUSTRIAL & SERVICE BASED

(*) 10% during 1995-2000 & 7% during 2001-2004


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THE IMPLICATIONS FOR VIETNAM ECONOMY (4)
HOWEVER, MANY CHALLENGES ARE WAITING AHEAD

Adjustment to new business


rules in FTAs

Domestic enterprises
Business cultures protection, especiall for SMEs

THE NEED FOR HANDS-ON EXPERIENCE & KNOWLEDGE


TO DEAL WITH INTEGRATION CHALLENGES 9
AGENDA

1 2
THE SITUATION THE IMPLICATIONS
FOR VIETNAM

3 4
THE OPPORTUNITIES HOW TO GRASP THE
FOR IRELAND OPPORTUNITIES

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THE OPPORTUNITIES FOR IRELAND (1)

ECONOMY-WISE

Vietnamese consumers EASIER APPROACH TO


VN - An economy with
are in need of An initial door to
QUALITY
94 MIL QUALITY SERVICES AGRICULTURAL EXPEND TO OTHER
CONSUMERS & INTRUSTRIAL MATERIALS for ECONOMIES IN
GOODS manufacturing ASEAN

A STRONG BOOST for Ireland's exports


Create NEW VALUES FOR CURRENT PRODUCTS (e.g. Liquor)
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THE OPPORTUNITIES FOR IRELAND (2)

MISSION-WISE

The time to FACILITATE IRISH AID'S COUNTRY


GOAL IN VIETNAM with Irelands rich experience in
Vietnam is in need of
VALUABLE
integration era (A member of EU)
EXPERIENCE IN
INTEGRATION ERA
CONSOLIDATE THE RELATIONSHIP
BETWEEN 2 COUNTRIES

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AGENDA

1 2
THE SITUATION THE IMPLICATIONS
FOR VIETNAM

3 4
THE OPPORTUNITIES HOW TO GRASP THE
FOR IRELAND OPPORTUNITIES

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HOW TO GRASP THE OPPORTUNITIES (1)

ULTILIZE VIETNAM-IRELAND ALUMNI AS


THE BRIDGE TO THE OPPORTUNITIES FOR
TWO COUNTRIES

WHY?
They know their countrys economy & business culture the most

They have high commitment to their country's economic development

They have relationship with Irish Government hence they have high
willingness to support Irish Aid's activities

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HOW TO GRASP THE OPPORTUNITIES (2)
CURRENT SITUATION OF WHAT IRELAND SHOULD DO
THE ALUMNI FOR THE ALUMNI

Allow Irish
Lack of interaction entrepreneurs
to share come to Vietnam
to join the alumni
knowledge with
for both learning
Irish fellows/ and sharing
enterprises

Activities related
Activities are to business
limited to Ireland experience &
sharing between
& Irish Education
two countries
promotion alumni

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THANK YOU

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