Vietnam and the European Union signed a free trade agreement Vietnam may also have his own intentions, after all, a country to make how big a decision will not be a whim, after signing the Vietnam may develop faster, after all, Vietnam is now a developing country.
Vietnam and the EU signed a free trade agreement, 99% of the products will be exempt from tariffs , is not a fair agreement, Vietnam is equivalent to chronic suicide, the EU has found a new point of profit, and found a wrongdoer. Free trade agreements, exempt from tariffs, are only mutually beneficial if they are established at the same level.
Don't make the mistake of thinking that signing a free trade agreement is mutually beneficial, it's all a lie, the reality is simply not the case. Why do you dare to have zero tariffs on most goods, and hope to sign zero tariff agreements with all countries in the world, and why does the EU not dare to establish a zero tariff free trade agreement with, because the technology is too advanced and competitive. The same goods, technology is more advanced than you, the cost of production is lower than you, the price of expensive goods, you can not make. The same product is cheaper than you, the price is high products you can not make, with what and competition. Therefore, if the technical level is not equal, zero tariff is tantamount to killing the country's similar industries live.
For the EU-Vietnam trade agreement the most people is, EU is a developed economy and Vietnam belongs to a developing country, in the trade negotiations between these two countries, Vietnam is obviously in a disadvantageous situation, so the EU took into account the real situation in Vietnam after giving Vietnam 10 years, after the agreement came into force. Vietnam will eliminate 99% of tariffs to the EU in 2029, but this does not mean that after 10 years Vietnam will eliminate 99% of tariffs, the EU means that within 10 years, Vietnam will eliminate 99% of tariffs to the EU, so it is a very favorable thing for Vietnam to gain access to the market of the EU, which is a developed economy, and to gain access to the capital and technology of EU companies.