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Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector
International Journal of Management and Fuzzy Systems
Volume 6, Issue 4, December 2020, Pages: 64-71
Received: Nov. 10, 2020; Accepted: Nov. 25, 2020; Published: Dec. 31, 2020
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Author
Pham Thanh Nga, Member, Vietnam Society of International Law, Hanoi, Vietnam
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Abstract
In recent years, many countries around the World have intensified the signing of multilateral and bilateral Free Trade Agreements (FTAs) to create free trade areas after agreements within the WTO standstill. Not outside this trend, Vietnam has negotiated and signed many FTAs with many countries around the World. Notable are the new-generation FTAs in recent years with European countries (European Union - Vietnam Free Trade Agreement - EVFTA) or Pacific area (Comprehensive and Progressive Agreement for Trans-Pacific Partnership - CPTPP). These new - generation FTA have significant impacts on all socio-economic activities of Vietnam, especially in the field of finance and banking. They will not only open the market for investors from EU or other countries but also give the Vietnamese clients have chance to use more kinds of products and services in banking and financing field. In the framework of this article, the author will analyze more detail the impacts of the new - generation FTAs on financial and banking activities of Vietnam. Base on this analysis, author will give the conclusions and propose some solutions to implement better the new generation FTAs’ advantages for Vietnam Finance – Banking sector. To finish this paper, the author used many methodologies research such as analyzing, comparison, refer the legal documents, survey questionnaire also used for the study. Moreover, various modelling approaches and levels of aggregation have been used for analysing industrial location such as ordinary least squares.
Keywords
The New - generation of FTA, Impact, Vietnam, Finance, Banking
To cite this article
Pham Thanh Nga, Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector, International Journal of Management and Fuzzy Systems. Vol. 6, No. 4, 2020, pp. 64-71. doi: 10.11648/j.ijmfs.20200604.12
Copyright
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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