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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.

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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).

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

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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).

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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.

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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.

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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.

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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.

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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).

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

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