The EU-Vietnam Free Trade Agreement (EVFTA) was concluded in 2015 after 14 rounds of negotiations. It aims to eliminate over 99% of tariffs between the EU and Vietnam, providing significant opportunities for trade and investment. The EVFTA was later split into separate trade and investment agreements, and its ratification is still pending. Once in effect, it will boost Vietnam's GDP by 10-15% and exports by 30-40% over 10 years by opening EU markets of over 500 million consumers to Vietnamese goods and services. The EVFTA also commits Vietnam to reforms improving market access for EU firms in areas like government procurement, services, and investment dispute settlement. It establishes a new standard for comprehensive free trade