The implementation of free trade agreements (FTAs) will continue to prove fruitful for Vietnam in 2023, said Minister of Industry and Trade Nguyen Hong Dien.

Since its World Trade Organisation (WTO) membership in 2007, Vietnam has engaged in more than 500 bilateral and multilateral agreements in various fields, including 7 free trade agreements (FTAs).

The Vietnamese shrimp industry has made it through a tough year of weakening demand and come out afloat, according to business leaders.

Vietnamese exports to the EU in 2022 are expected to touch nearly $48 billion thanks to the strong driving force of the EU-Vietnam Free Trade Agreement (EVFTA).

Although the EU-Vietnam Free Trade Agreement (EVFTA) appears to be a boon for Vietnamese pepper, expanding market reach in Europe requires much more than FTA-induced tariff advantages.

Since the EVFTA came into effect on August 1, 2020, Viet Nam’s two-way trade turnover has achieved impressive growth, despite the severe impact of the COVID-19 pandemic, logistics and supply chain crisis, and geopolitical fluctuations.

The Ministry of Industry and Trade (MoIT) on December 27 organised a conference to review the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) over the last two years.

Due to a lack of knowledge about origin regulations, many Vietnamese firms have yet to optimise advantages from the EU-Vietnam Free Trade Agreement (EVFTA), which has been effective for two years and generated great benefits for both sides.

Issues relating to labour, tariffs, and green export development remain challenges that export businesses must face when implementing the EU-Vietnam Free Trade Agreement (EVFTA).

The Trade Committee of the EU-Viet Nam Free Trade Agreement (EVFTA) held its second meeting virtually on December 19.