VIETNAMS PARTICIPATION IN GLOBAL, REGIONAL AND BILATERAL SERVICES - - PowerPoint PPT Presentation

VIETNAM’S PARTICIPATION IN GLOBAL, REGIONAL AND BILATERAL SERVICES NEGOTIATIONS

NGO NGO CHU CHUNG KH KHANH, DEP DEPUTY DI DIRECTOR GENE ENERAL

MIN INIS ISTRY OF OF IND INDUSTRY AND D TRADE OF OF VIE VIET NAM

BACKGROUND OF VIETNAM’S PARTICIPATION IN THE TRADE IN SERVICES NEGOTIATIONS

PRESENTATION OUTLINES

INTERNAL CONSULTATION PROCESS OF VIET NAM SERVICES NEGOTIATIONS VIETNAM’S PARTICIPATION IN THE TPP AND EVFTA SERVICES NEGOTIATIONS AND ITS KEY SERVICES COMMITMENTS OPPORTUNITIES AND CHALLENGIES REFORMS REQUIRED TO IMPLEMENT COMMITMENTS

5 4 3 2 1

THE ROLE OF SERVICES IN VIETNAM’S ECONOMY

3

6.1%

AGRICULTURE

FOREIGN INVESTMENT IN ECONOMICS SECTORS IN THE PERIOD OF 2005-2015

2

41.3%

INDUSTRY

1

52,6%

SERVICES

• The Government’s commitment to

develop services sectors.

• Increasingly complete legal

frameworks.

• High demand thanks to the

economic development.

• Weak competitiveness.
• Lack of high-skilled labors, managers

and experts.

• Inefficient coordination between

agencies and different levels of government in some cases.

• The deeper and wider integration

into the world thanks to FTAs.

• More presence of FDI and

multinationals.

• More demands from the

economic reform.

• Economic difficulties.
• Competition for SMEs.
• Implementation issues.

SWOT

! STRENGTHS WEAKNESSES OPPORTUNITIES THREATS

SWOT ANALYSIS OF SERVICES SECTOR OF VIET NAM

MAIN LIMITATIONS ON THE FOREIGN SERVICE SUPPLIERS

LIMITS ON THE FOREIGN CAPITAL CONTRIBUTION

LIMITS ON NUMBER OF SUPPLIERS LIMITS ON THE NUMBER OF SERVICES OPERATION

• COM. PRESENCE

VIET NAM’S APPROACH IN SERVICES NEGOTIATIONS

BTA WTO VN-JP TPP EVFTA RCEP ASEAN+ VN-CL OTHER FTAS

INV INVITATION TO JOI JOIN JOI JOINING AS S AN ASS SSOCI CIATE MEMBER OF OFFIC ICIAL MEMBERSHIP CONCLUSION OF OF NEGOTIA IATION SIGN SIGNING THE AGR GREEMENT

• 1. RATCHET
• 2. NEGATIVE LISTING
• 3. COMPREHENSIVE LIBERALIZATION OF SERVICES AND

INVESTMENT

• 4. INVESTOR-STATE DISPUTE SETTELEMENT MECHANISM

TPP MAIN IN OBLIGATIONS IN IN SERVICES & IN INVESTMENT & VIET NAM’S COMMITMENTS

MILESTONES IN THE VIET NAM –EU FTA NEGOTIATION

2016 2016

LEGAL SCURBBING

2015 2015

CONCLUDING NEGOTIATION

2012 2012

START NEGOTIATION FEASIBILITY STUDY

2010 2010

• 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

EVFTA MAIN IN OBLIGATIONS IN IN SERVIC ICES & INVESTMENT & VIET NAM’S COMMITMENTS

1

TAB ONE Add your own text here

TPP EVFTA

• NO RATCHET
• POSITIVE LISTING
• COMPREHENSIVE

LIBERALIZATION

• ISDS THROUGH

PERMANENT COURT

• RATCHET
• NEGATIVE LISTING
• COMPREHENSIVE

LIBERALIZATION

• ISDS

DEEPER AND WIDER INTEGRATION TO REGION MORE INVESTMENT AND PRESENCE OF MULTINATIONALS MORE TRANSPARENT AND FAVORABLE ENVIRONMENT MORE DEMANDS FROM ECONOMIC REFORMS

OPPORTUNITIES FOR SERVICES SECTORS OF VIET NAM

IMPLEMENTATION ISSUES ECONOMIC DIFFCULTIES COMPETITION

CHALLENGIES FOR SERVICES SECTORS OF VIET NAM

01 02 03 04

IMPROVE COMPETITIVENESS

IMPROVE NATION’S AND BUSINESSES’ COMPETITIVENESS

CONTINUE REFORM

CONTINUE ECONOMIC REFORM TO CREATE FAVORABLE BUSINESS AND INVESTMENT ENVIRONMENT ENHANCE IMPLEMENTATION CAPACITY OF GOVERNMENT AGENCIES ENHANCING THE CAPACITY OF GOVERNMENT AGENCIES TO ENSURE SMOOTH IMPLEMENTATION

REVIEW LEGAL FRAMEWORK

REVIEW LEGAL FRAMEWORK TO ENSURE ITS CONSISTENCY WITH THE COMMITMENTS

COMPETITIVENESS

REFORM CAPACITY LEGAL

LEGAL FRAMEWORK CAPACITY

REFORM COMPETITIVENESS

REFORMS REQUIRED