The domestic foreign exchange market yesterday remained relatively stable after the United States (US) Federal Reserve raised its benchmark interest rate by a quarter of a percentage point.

The European Parliament (EP) adopted an official resolution ratifying the Vietnam – EU Partnership and Cooperation Agreement (PCA), at a plenary session in Strasbourg city, France, on December 17.

Some foreign investors have warned that they may leave Vietnam because of unfavorable conditions to do business. However, Vietnamese businesses and analysts believe they will stay in the country.

The EU-Vietnam Free Trade Agreement (FTA) is set to offer great opportunities for the Vietnamese export market. However, opportunities may be missed if supporting industries are not prepared quickly enough to take advantage of them.

Vietnamese Minister of Industry and Trade Vu Huy Hoang and European Commissioner for Trade Cecilia Malmstrom signed an announcement on the official conclusion of negotiations on the EU-Vietnam Free Trade Agreement (EVFTA) in Brussels on December 2.

FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup are five Vietnamese enterprises that appeared on the Asia300 report, which was released recently by Nikkei Asian Review.