The International Labour Organisation (ILO) officein Vietnam on February 12 said it welcomes the European Parliament’sratification of the European Union – Vietnam Free Trade Agreement (EVFTA) inParis earlier the same day, which is expected to bring economic benefits toboth sides.
Illustrative image - Photo: Internet
The new-generation document was signed in Hanoi on June 30last year. It comprises of important terms regarding labour and environmenttowards sustainable development.
ILO Vietnam Country Director Chang-Hee Lee said the deal’srequirements on labour and environment will help bring about benefits forall sides, help Vietnam achieve sustainable development and ensure that thecurrent growth is achieved at the expense of future generation’s opportunities.
According to him, Vietnam’s entry to the EVFTA and theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)will make it easier for the country to modernise labour laws and industrialrelations systems. The adoption of the revised Labour Code in November 2019 broughtits legal framework closer to ILO fundamental conventions.
“Modern industrial relations based on recognition of freedomof association, together with better skilled workforce and effective social protection,is a key social driver for Vietnam to move towards upper middle income countryin a sustainable manner”, he said.
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