The newsletter from CCIPV - 08 Aug 2022
The Bulletin Edition is a weekly newsletter from the Chamber of Commerce and Industry Portugal - Vietnam that provides a well-appointed briefing on the latest news, offering a unique and informed view and a swathe of recommendations from our experts about Vietnam and Portugal. We provide industry insights and considered reporting from across both countries. Stay informed and inspired with our bulletin.
Welcome to the first issue of The Bulletin Edition, a weekly newsletter from the Chamber of Commerce and Industry Portugal - Vietnam. This week we start to highlight excellent news about the results of the first year of the Free Trade Agreement between Vietnam and the EU (EVFTA). As you may know, EVFTA entered into force 2 years ago and Vietnam’s exports to the EU increased 6.2% to US$39.75 billion. Recently, the revision of the Vietnamese IP Law was approved and marked the most significant changes to Vietnam’s intellectual property regime. Have a read in our section - "what you need to know". Changing the geography, in Portugal, the sector of energy is speeding up the construction of solar parks to cut gas use, as the result of the Ukrain-Russian war. Also, the real estate market has been booming for several years now, mostly impacted by an increasing interest of foreigners looking to buy properties via Golden Visa, mostly in the metropolitan areas of Lisbon and Porto. You can read the most significant changes in this sector in our new article. In this second semester of 2022, Portugal, along with Malta, Cyprus, Slovenia and Croatia may be exposed to a stagflation scenario, putting Portugal among the most vulnerable countries in inflation exposure in the EU. We shall take some attention to this matter in the coming months. Typically, August is a slow business month in Portugal due to the summer holidays, while in Vietnam, the business is still as usual. If it is your case, enjoying the sun on the Atlantic Ocean beach, take the opportunity to read the last news about both countries here. Warm regards.
Sérgio Pereira da Silva
MY CHOICES THIS WEEK
Vietnam gains a stronger foothold in the EU market two years after EVFTA takes effect
Vietnam is gaining a stronger foothold in the EU market, though Covid-19 wreaked havoc on both sides, after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020. read more
Portugal to speed up solar parks to cut gas use - energy secretary
Portugal will accelerate the construction of solar parks to replace gas-fired electricity generation and hit an EU target to cut gas use, Energy Secretary Joao Galamba said. read more