Commitments of Vietnam and the EU on trade in investment services are aimed at creating an open investment environment, favorable for the operation of the enterprises of the two sides.

In the service sectors, Vietnam's commitments go further than WTO commitments. The EU's commitments are higher than the commitments in the WTO and equivalent to the highest level of EU commitments in the recent EU agreements for Vietnam.

Areas in which Vietnam commits to be favorable to EU investors include a number of specialized services, financial services, telecommunications services, transportation services, distribution services.

General obligations on trade in services and investment

Market Access: For sectors and sub-sectors listed in the Schedule of Specific Commitments, except where there are reservations specified in the Schedule, the two parties undertake not to apply restrictions related to: (i) number of businesses enterprises are allowed to participate in the market, (ii) transaction value, (iii) number of operations, (iv) foreign capital contribution, (v) form of legal entity, (vi) number of natural persons recruitment.

National Treatment: For the sectors/ subsectors listed in the Schedule of Specific Commitments, the two parties commit to each other's service provider and investor treatment no less favorable than the treatment accorded to each other. similar service providers and investors, unless otherwise specified in the Schedule. With respect to investor enterprises of one Party already operating in the territory of the other Party, the Parties undertake to treat their investors' enterprises, except for the exceptions specified in the Schedule and a number of other specific exceptions.

Most favored nation treatment: The two parties committed to each other's investor investment that were licensed with treatment no less favorable than the treatment afforded to the investment of a third-party investor. The fields of communication, culture, sports and entertainment, air transport and commercial rights, fisheries and aquaculture, forestry and hunting, mining and oil and gas are not subject to pressure. use these obligations.

Performance requirements: For the sectors/ sub-sectors listed in the Schedule of specific Commitments, the two parties undertake not to apply operational requirements such as: prescribing a certain percentage or level of exports for goods or services, and a certain rate or level of localization, which binds the quantity or value of imports to the quantity or value of exports or the source of foreign currency income associated with an investment ...