The EVFTA can bring significant benefits to the Vietnamese economy, not only on a macroeconomic level with increasing GDP and trade flows, but also in terms of poverty reduction In the context of the Covid-19 epidemic causing negative effects on global production and import and export, the implementation of the EVFTA Agreement is expected to be important to help offset the decline reduction of our country's economy From the business side, the EVFTA Agreement is also affirmed as the ultimate solution to bring more diverse market opportunities for businesses, helping businesses regain momentum during this difficult period Specifically, Vietnamese businesses will have the opportunity to access new supply chains to replace the old supply chains that have been disrupted or stalled in traditional markets due to the Covid-19 epidemic recently This is an important premise for businesses to recover and promote production and business after the epidemic stage In addition, the export market of Vietnamese businesses also has the opportunity to expand and diversify, reducing dependence on a certain market group In terms of growth, the calculation shows that EVFTA is expected to contribute to an average GDP In terms of exports, EVFTA entails substantial trade liberalization, trade flows from and to the EU are likely to register significant increases, EU is now one of Vietnam's major trading partners, with two-way turnover in 2019 A prominent feature of the import-export structure between Vietnam and the EU is the very large complementarity, which is less of direct competition Therefore, if put into practice, EVFTA will be a huge boost for Vietnam's exports, helping to promote bilateral and Vietnam trade relations in a more comprehensive and deeper way Commitments to reduce / eliminate tariff barriers on the EU market will be a great advantage of Vietnamese businesses in the post-epidemic phase to exploit this US $ 18 trillion market Selected manufacturing sectors such as textiles, food, and services would see their production expand under EVFTA, with a bigger boost under the combined scenario In EVFTA, part of the increased output would be exported to the EU, including wearing apparel, textiles and food, beverages and tobacco, while in the combined scenario, Vietnam would have access to a broader set of trade partners By sectors, sectors with high export growth rates to the EU market can include the following groups: (1) Agricultural products: rice (increase by 65% by 2025); sugar (8%); pork (4%); forestry products (3%); cattle and poultry meat (4%); beverages and tobacco (5%); (2) Manufacturing industry: some labor-intensive products continue to have very high growth rates, especially in the period when the majority of tariff barriers are removed Specifically: textile (67%), apparel (81%), leather and footwear (99%); (3) Service sectors: Transport services have a very high growth rate, which is relatively high protection by Vietnam in this group Specifically, waterway transport increased by 100%, air transport by 141%, finance and insurance by 21%, and other business services increased by 80% shifts consumer demand as income varies P Regarding foreign direct investment, commitments to treat fairly, equally, safely and adequately protect each other's investments and investors in the IPA will also contribute positively to building a transparent legal and investment environment, creating favorable conditions for businesses, from which Vietnam will attract more investors from the EU and other countries With the scale and potential of the EU, Vietnam has the opportunity to become a strong attraction for EU investment and a transshipment point connecting EU trade and investment activities in the ASEAN region This impact will be strongly resonated when the ASEAN Economic Community is implemented as well as with the implementation of important FTAs such as the FTA with the Eurasian Economic Union, with Korea, or CPTPP Agreement - Firms are more optimistic about the future LRAS SRAS A The signing and participation of new generation FTAs will have a great impact on Vietnam's economy through the expansion of import and export markets, accordingly, import and export A will increase, strengthen consolidate traditional markets, open up turnover to partner countries many potential markets on the basis of promoting relations with important economic strategic partners AD2 Firstly, promoting export activities: Trade liberalization in general and new generation FTAs in particular have an impact on promoting export activities The provisions in these FTAs force member economies, including Vietnam, to restructure, open up new markets and create AD2 attraction for goods In the coming time, when the implementation of tariff reduction under FTAs enters the deep reduction AD1 phase, Vietnam's exports are expected to continue to grow strongly due to: (i) The efforts of the ministries, related sectors in striving to achieve the export growth target of 7-8% set by the National Assembly; (ii) When the tax rate is reduced, especially for input materials for export production such as: textile raw materials, plastics, corn, rubber ; (iii) The implementation of the CPTPP and EVFTA will be the driving force for Vietnam's exports in the coming time In particular, with the commitment to open the market in the EVFTA, it will help to further expand the export market, especially for products that both have advantages such as agricultural and aquatic products, furniture, textiles, footwear of Vietnam, machinery, equipment, cars, motorbikes, alcoholic beverages of the EU Y Second, for domestic production: Joining new generation FTAs will make many products used as input materials for domestic production have lower prices, thus, production costs of enterprises will be lower The price of goods will be more competitive than that of imports, boosting domestic production for export The reduction of tariffs will make imported goods P from other countries, especially EU countries, into Vietnam more due to low prices, rich and diverse designs, positive impacts on domestic production Third, for the business environment: Participation in new generation FTAs such as EVFTA, CPTPP on institutional issues, policies and laws behind the border, etc will create favorable conditions and motivation opportunities for change , improve policies and laws towards more transparency, convenience and conformity with international practices New-generation FTAs will help Vietnam further strengthen the state apparatus, in the direction of accelerating administrative reform, enhancing responsibility and discipline of officials, thereby supporting the process of model renewal growth and economic restructuring of Vietnam Fourth, for attracting foreign investment (FDI): In the new generation FTAs, there are commitments to equal treatment between domestic and foreign investors in the establishment, acquisition, expand, operate, deploy, operate, business That will create opportunities for foreign investors to access the Vietnamese market faster New generation FTAs also have regulations on sustainable development, which help to reduce outdated technologies and promote the development of technologies using renewable and environmentally friendly energy sources These trends bring many benefits to the Vietnamese economy and to Vietnamese businesses In the coming period, when the new generation FTAs take effect, the lifting of restrictive measures on investment and services, the opening of the government procurement market, financial services, etc will open up great opportunities for investors investment in Vietnam ... diverse designs, positive impacts on domestic production Third, for the business environment: Participation in new generation FTAs such as EVFTA, CPTPP on institutional issues, policies and laws... a strong attraction for EU investment and a transshipment point connecting EU trade and investment activities in the ASEAN region This impact will be strongly resonated when the ASEAN Economic... favorable conditions and motivation opportunities for change , improve policies and laws towards more transparency, convenience and conformity with international practices New-generation FTAs will