Despite the difficulties of the pandemic, Vietnamese goods continue to rise with a trade surplus of US$ 4 billion in 2021. One of the catalysts for this spectacular achievement was FTAs, especially new generation ones.
In 2022, many bilateral and multilateral free trade agreements (FTAs) are expected to become a new momentum promoting Vietnam’s economic growth. According to the Ministry of Industry and Trade (MoIT), the EVFTA has created a huge boost for Vietnam’s exports, helping the country’s export turnover to the EU hit about US$ 40.07 billion, up to 14%. While the UKVFTA also helped the two-way trade between Vietnam and the UK reach nearly US$ 6.6 billion.
For the new year, the MoIT will focus on implementing various FTAs that Vietnam has joined, which will help ensure a balanced and more export-oriented market for the country.
To read more : SOA News February edition 2022
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