MIN INIS ISTRY OF OF IND INDUSTRY AND D TRADE OF OF VIE VIET NAM VIETNAM’S PARTICIPATION IN GLOBAL, REGIONAL AND BILATERAL SERVICES NEGOTIATIONS NGO CHU NGO CHUNG KH KHANH, DEP DEPUTY DI DIRECTOR GENE ENERAL
PRESENTATION OUTLINES 1 BACKGROUND OF VIETNAM’S PARTICIPATION IN THE TRADE IN SERVICES NEGOTIATIONS 2 INTERNAL CONSULTATION PROCESS OF VIET NAM SERVICES NEGOTIATIONS 3 VIETNAM’S PARTICIPATION IN THE TPP AND EVFTA SERVICES NEGOTIATIONS AND ITS KEY SERVICES COMMITMENTS 4 OPPORTUNITIES AND CHALLENGIES 5 REFORMS REQUIRED TO IMPLEMENT COMMITMENTS
THE ROLE OF SERVICES IN VIETNAM’S ECONOMY
FOREIGN INVESTMENT IN ECONOMICS SECTORS IN THE PERIOD OF 2005-2015 AGRICULTURE 52,6% 41.3% 6.1% INDUSTRY SERVICES 3 2 1
SWOT ANALYSIS OF SERVICES SECTOR OF VIET NAM STRENGTHS OPPORTUNITIES • The Government’s commitment to • The deeper and wider integration develop services sectors. into the world thanks to FTAs. • Increasingly complete legal • More presence of FDI and frameworks. multinationals. SWOT • High demand thanks to the • More demands from the economic development. economic reform. ! WEAKNESSES THREATS • Weak competitiveness. • Economic difficulties. • Lack of high-skilled labors, managers • Competition for SMEs. and experts. • Implementation issues. • Inefficient coordination between agencies and different levels of government in some cases.
MAIN LIMITATIONS ON THE FOREIGN SERVICE SUPPLIERS LIMITS ON THE FOREIGN CAPITAL CONTRIBUTION LIMITS ON THE NUMBER OF SERVICES OPERATION LIMITS ON NUMBER OF SUPPLIERS COM. PRESENCE
VIET NAM’S APPROACH IN SERVICES NEGOTIATIONS TPP BTA WTO EVFTA OTHER VN-JP VN-CL RCEP ASEAN+ FTAS
SIGNING THE SIGN AGR GREEMENT OF OFFIC ICIAL MEMBERSHIP CONCLUSION OF OF NEGOTIA IATION JOINING AS JOI S AN ASS SSOCI CIATE MEMBER INVITATION TO JOI INV JOIN
TPP MAIN IN OBLIGATIONS IN IN SERVICES & IN INVESTMENT & VIET NAM’S COMMITMENTS 1. RATCHET 2. NEGATIVE LISTING 3. COMPREHENSIVE LIBERALIZATION OF SERVICES AND INVESTMENT 4. INVESTOR-STATE DISPUTE SETTELEMENT MECHANISM
MILESTONES IN THE VIET NAM – EU FTA NEGOTIATION FEASIBILITY CONCLUDING STUDY NEGOTIATION 2010 2010 2015 2015 START LEGAL NEGOTIATION SCURBBING 2012 2012 2016 2016
EVFTA MAIN IN OBLIGATIONS IN IN SERVIC ICES & INVESTMENT & VIET NAM’S COMMITMENTS 1. POSITIVE LISTING 2. COMPREHENSIVE LIBERALIZATION OF SERVICES AND INVESTMENT (MORE FOCUSED ON THE AREAS OF EU’S INTERESTS SUCH AS BANKING, MARITIME… 3. INVESTOR-STATE DISPUTE SETTELEMENT MECHANISM BUT DIFFERENT FROM THE TPP MECHANISM
1 TPP EVFTA TAB ONE Add your own text here - RATCHET - NO RATCHET - NEGATIVE LISTING - POSITIVE LISTING - COMPREHENSIVE - COMPREHENSIVE LIBERALIZATION LIBERALIZATION - ISDS - ISDS THROUGH PERMANENT COURT
OPPORTUNITIES FOR SERVICES SECTORS OF VIET NAM DEEPER AND WIDER INTEGRATION TO REGION MORE INVESTMENT AND PRESENCE OF MULTINATIONALS MORE TRANSPARENT AND FAVORABLE ENVIRONMENT MORE DEMANDS FROM ECONOMIC REFORMS
CHALLENGIES FOR SERVICES SECTORS OF VIET NAM IMPLEMENTATION COMPETITION ECONOMIC DIFFCULTIES ISSUES
REFORMS REQUIRED COMPETITIVENESS IMPROVE COMPETITIVENESS IMPROVE NATION’S AND REFORM BUSINESSES’ COMPETITIVENESS CAPACITY CONTINUE REFORM LEGAL CONTINUE ECONOMIC REFORM TO CREATE FAVORABLE BUSINESS AND INVESTMENT ENVIRONMENT 01 02 03 04 ENHANCE IMPLEMENTATION CAPACITY OF GOVERNMENT AGENCIES ENHANCING THE CAPACITY OF LEGAL FRAMEWORK GOVERNMENT AGENCIES TO ENSURE SMOOTH IMPLEMENTATION CAPACITY REVIEW LEGAL FRAMEWORK REFORM REVIEW LEGAL FRAMEWORK TO ENSURE ITS CONSISTENCY WITH THE COMMITMENTS COMPETITIVENESS
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