Từ khóa: #FTA

Garment production at Garment Co. No.10 (Photo: SGGP)

Vietnam facing challenges building its autonomous economy

After signing 17 Free Trade Agreements (FTAs), Vietnam has been successful in expanding its market to 200 nations and territories, including 50 key exporting countries. Vietnam is staying at the top positions in tough markets regarding high export turnover rate. However, the scale of domestic businesses seems not developed to expectations.

Illustrative photo.

Vietnam paving way for strong global trade

All the bi-lateral and multi-lateral Free Trade Agreements (FTAs), along with the Regional Comprehensive Economic Partnership (RCEP) which came into effect on 1 January 2022, have helped in opening up the Vietnamese market to the world. 
Domestic businesses still not able to take advantage of FTA

Domestic businesses still not able to take advantage of FTA

Economic experts have revealed that the advantages of Free Trade Agreements (FTAs) in Vietnam are mostly taken by Foreign Direct Investment (FDI) businesses. In some situations, this causes even fiercer competitions for domestic enterprises not only in national but also in international markets.

Vietnam, South Korea agree on cumulation of origin of textile materials

Vietnam, South Korea agree on cumulation of origin of textile materials

The Ministry of Industry and Trade on December 13 said that it and the South Korean Ministry of Trade, Industry, and Energy have just signed many important documents, including an exchange letter between the Government of Vietnam and the South Korean Government on the implementation of the cumulation of origin of textile materials between the two countries in the EU- Vietnam Free Trade Agreement (EVFTA).
Mr. Nguyen Thanh Phong, Chairman of the Ho Chi Minh City People's Committee, exchanges with domestic enterprises about the capability of supplying supporting industry products for FDI enterprises. (Photo: SGGP)

Foreign direct investment capital into Vietnam increases thanks to FTAs

Generally, in the first nine months of this year, the total foreign investment capital into Vietnam reached US$21.2 billion. Of which, there were 1,947 newly-licensed projects. Many economic experts affirmed that the free trade agreements (FTAs) that Vietnam has already signed and will sign this year are accelerating the flow of foreign investment to Vietnam.
Trade remedies amid new context

Trade remedies amid new context

To ensure a fair competitive environment in the field of trade, the Ministry of Industry and Trade (MoIT) has implemented measures to improve the safeguard capacity for domestic manufacturing industries amid the context that Vietnam participates in new-generation free trade agreements (FTA).
Garment and textile companies have been facing a decline in export orders. (Photo: SGGP)

Garment, textile industry sees decline in orders

With plentiful orders right at the beginning of this year, garment and textile industry set export target of US$40 billion for this year. However,  recently, orders have suddenly dropped drastically, concerning garment and textile enterprises.