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Update news free trade agreement
Vietnam and Switzerland are working to bring their newly signed free trade agreement with EFTA into force by early 2027, aiming to expand market access, attract investment and double bilateral trade by 2030.
International media have highlighted Vietnam's new free trade agreement with four European nations as a step towards diversifying export markets, attracting investment and reducing exposure to global trade uncertainties.
Vietnam's Minister of Industry and Trade Le Manh Hung and representatives of the member states of the European Free Trade Association (EFTA) officially signed the Vietnam-EFTA Free Trade Agreement (VEFTA) in Hanoi on October 18.