Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector

Pham Thanh Nga

doi:doi:10.11648/j.ijmfs.20200604.12

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Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector

Pham Thanh Nga

Published in International Journal of Management and Fuzzy Systems (Volume 6, Issue 4)

Received: 10 November 2020 Accepted: 25 November 2020 Published: 31 December 2020

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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.

Published in	International Journal of Management and Fuzzy Systems (Volume 6, Issue 4)
DOI	10.11648/j.ijmfs.20200604.12
Page(s)	64-71
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

The New - generation of FTA, Impact, Vietnam, Finance, Banking

References

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[2]	Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
[3]	Yen Vu, Tue Do, Vu Ngoc Duong (2020). What you need to know to implement the EU-Vietnam Free Trade Agreement (EVFTA). From: https://www.researchgate.net/publication/344013932_What_you_need_to_know_to_implement_the_EU-Vietnam_Free_Trade_Agreement_EVFTA.
[4]	Chien-Huei Wu (2020). ASEAN at the Crossroads: Trap and Track between CPTPP and RCEP. Journal of International Economic Law 23 (1): 97-117. DOI: 10.1093/jiel/jgz032.
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[6]	Nguyen Hoang Tien (2020). Challenges of CPTPP without USA for Vietnam. Conference: Proceedings of University Scientific Conference: “Impact of Concluded FTA on Young Labor Forces and Vietnam’s Economy”. Banking University in Ho Chi Minh City, Centre for Young Science and Technology Development. 03 December 2019, Ho Chi Minh City. At: Ho Chi Minh City, Vietnam.
[7]	Nadezhda Volovik (2016). Free Trade Zone between Eurasian Economic Union and Socialist Republic of Vietnam Comes into Force. SSRN Electronic Journal. DOI: 10.2139/ssrn.2856456.
[8]	Jun Ha Kang (2019). CPTPP and Inclusive Growth. Korean Journal of International Economic Law 17 (3): 7-29. DOI: 10.46271/KJIEL.2019.11.17.3.7.
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[10]	Collins Ajibo, Samuel I Nwatu, Festus Okechukwu Ukwueze, Newman Richards (2019). RCEP, CPTPP and the Changing Dynamics in International Trade Standard-Setting, Manchester Journal of International Economic Law 16 (3): 425-440.
[11]	Ngo Thi Tuyet Mai, Ngo Thanh Xuan (2019). Opportunity to receive Japan's direct investment in Vietnam when performing CPTPP. Conference: International Federation of East Asian Management Associations At: Kyoto, Japan.
[12]	Heng Wang (2019). The Future of Deep Free Trade Agreements: The Convergence of TPP (and CPTPP) and CETA? Journal of World Trade 53 (2).
[13]	Satya Gonuguntla (2019). Potential Gains to New Zealand From CPTPP Membership. Asian Business Research 4 (2): 14. DOI: 10.20849/abr.v4i2.617.
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[15]	Aitken, N. D. (1973): “The effect of the EEC and EFTA on European trade: A temporal cross-section analysis”, American Economic Review, 63, 881-892.
[16]	Claudio Dordi, Federico Lupo Pasini (2011): “The impact of Vietnam – EU FTA on some selected importing sector of Vietnam”, WTO center.
[17]	Emiko Fukase and Will Martin (1999): “A Quantitative Evaluation of Vietnam’s Accession to the ASEAN Free Trade Area (AFTA)”, World Bank report.
[18]	Thu Ha Le (2017), Trade Impacts of the European Union Vietnam Free Trade Agreement: The Sussex Framework Analysis, SSRN Electronic Journal, DOI: 10.2139/ssrn.2932079.
[19]	Carsten Weerth (2020), EU-Vietnam Free Trade Agreement (EVFTA) in: Gabler Wirtschaftslexikon Online, In book: Gabler Wirtschaftslexikon Online Publisher: Springer Gabler Verlag, Project: Free Trade Agreements and Customs Unions of the World.

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Pham Thanh Nga. (2020). Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector. International Journal of Management and Fuzzy Systems, 6(4), 64-71. https://doi.org/10.11648/j.ijmfs.20200604.12

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Pham Thanh Nga. Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector. Int. J. Manag. Fuzzy Syst. 2020, 6(4), 64-71. doi: 10.11648/j.ijmfs.20200604.12

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AMA Style

Pham Thanh Nga. Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector. Int J Manag Fuzzy Syst. 2020;6(4):64-71. doi: 10.11648/j.ijmfs.20200604.12

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@article{10.11648/j.ijmfs.20200604.12,
  author = {Pham Thanh Nga},
  title = {Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector},
  journal = {International Journal of Management and Fuzzy Systems},
  volume = {6},
  number = {4},
  pages = {64-71},
  doi = {10.11648/j.ijmfs.20200604.12},
  url = {https://doi.org/10.11648/j.ijmfs.20200604.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijmfs.20200604.12},
  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.},
 year = {2020}
}

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TY  - JOUR
T1  - Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector
AU  - Pham Thanh Nga
Y1  - 2020/12/31
PY  - 2020
N1  - https://doi.org/10.11648/j.ijmfs.20200604.12
DO  - 10.11648/j.ijmfs.20200604.12
T2  - International Journal of Management and Fuzzy Systems
JF  - International Journal of Management and Fuzzy Systems
JO  - International Journal of Management and Fuzzy Systems
SP  - 64
EP  - 71
PB  - Science Publishing Group
SN  - 2575-4947
UR  - https://doi.org/10.11648/j.ijmfs.20200604.12
AB  - 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.
VL  - 6
IS  - 4
ER  -

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Author Information

Pham Thanh Nga

Member, Vietnam Society of International Law, Hanoi, Vietnam

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Plain Text BibTeX RIS

APA Style

Pham Thanh Nga. (2020). Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector. International Journal of Management and Fuzzy Systems, 6(4), 64-71. https://doi.org/10.11648/j.ijmfs.20200604.12

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ACS Style

Pham Thanh Nga. Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector. Int. J. Manag. Fuzzy Syst. 2020, 6(4), 64-71. doi: 10.11648/j.ijmfs.20200604.12

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AMA Style

Pham Thanh Nga. Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector. Int J Manag Fuzzy Syst. 2020;6(4):64-71. doi: 10.11648/j.ijmfs.20200604.12

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@article{10.11648/j.ijmfs.20200604.12,
  author = {Pham Thanh Nga},
  title = {Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector},
  journal = {International Journal of Management and Fuzzy Systems},
  volume = {6},
  number = {4},
  pages = {64-71},
  doi = {10.11648/j.ijmfs.20200604.12},
  url = {https://doi.org/10.11648/j.ijmfs.20200604.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijmfs.20200604.12},
  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.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Impacts of the New - generation Free Trade Agreements on Vietnam's Finance and Banking Sector
AU  - Pham Thanh Nga
Y1  - 2020/12/31
PY  - 2020
N1  - https://doi.org/10.11648/j.ijmfs.20200604.12
DO  - 10.11648/j.ijmfs.20200604.12
T2  - International Journal of Management and Fuzzy Systems
JF  - International Journal of Management and Fuzzy Systems
JO  - International Journal of Management and Fuzzy Systems
SP  - 64
EP  - 71
PB  - Science Publishing Group
SN  - 2575-4947
UR  - https://doi.org/10.11648/j.ijmfs.20200604.12
AB  - 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.
VL  - 6
IS  - 4
ER  -

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