Many free trade agreements (FTAs) and comprehensive partnership agreements have taken effect in the country. However, Vietnamese products bearing Vietnamese brands still find it difficult to conquer the world market.

VietNamNet Bridge - Developing closed supply chains appears to be the only solution for Vietnamese businesses to take full advantage of the preferences to be brought by free trade agreements (FTAs).

Opening the market widely to foreign investors and developing infrastructure were the two important hallmarks of the Vietnam economy in the last 10 years under the management of the government headed by Nguyen Tan Dung.

  Besides its numerous benefits, the Trans-Pacific Partnership will bring a slew of challenges to the Vietnamese textile, apparel and footwear sectors.

The oil price reduction has had a big impact on everyone, from farmers, who are busy working on the rice fields and don’t care about what happens in the US or the Middle East, to stock investors who hold large amounts of oil & gas firms’ shares.

VietNamNet Bridge - US capital continues flowing into Vietnam in anticipation of the opportunities to be brought by TPP (Trans Pacific Partnership) and other free trade agreements (FTAs).

Vietnam’s clothing and textiles industry has recorded average annual growth of 15% over the past five years and experts anticipate this trend to continue in the near term with gross export revenue reaching a record high US$30 billion

 VietNamNet Bridge – A string of Free Trade Agreements (FTAs) made ‘bumper’ debut in 2015, creating a solid foundation for 2016 which is so-called the year of economic integration.

In 2015, Viet Nam had a trade deficit of US$3.2 billion after three consecutive years of posting trade surpluses. In 2016, the trade deficit could continue and even increase because many of the free trade agreements (FTAs) coming into effect. 

 VietNamNet Bridge – Foreign direct investment (FDI) registered in Viet Nam saw a year-on-year increase of 12.5 per cent in 2015 to reach US$22.76 billion, data from the General Statistics Office (GSO) revealed.

 VietNamNet Bridge – Vu Hong Nam, Deputy Foreign Minister and Chairman of the National Committee for Overseas Vietnamese, spoke to Dai Doan Ket (Great National Unity) newspaper about the role of Overseas Vietnamese.

 VietNamNet Bridge – Despite global fluctuations in 2015, Vietnam has attracted a great deal of foreign direct investment capital. By the end of last month, newly registered or expanded FDI for Vietnam totaled over US$20 billion.

"How much did Vietnam have to trade off to join TPP and the VN-EU Free Trade Area? We will have to pay dearly for them when the tax rate falls to zero percent," said Prof. Nguyen Mai, Vietnam Association of Foreign-Invested Enterprises' Chairman.

 VietNamNet Bridge – Viet Nam is expected to attract more foreign investment next year and in the future due to the opportunities and advantages resulting from free trade agreements (FTAs), according to experts.

 Businesses in the agriculture sector, especially breeding, would be most vulnerable to the effects of Free Trade Agreements (FTAs) and Trans-Pacific Partnership (TPP) with bigger partners.

MOIT has estimated that the trade deficit may be as high as $4 billion in 2015. Meanwhile, the Hong Kong and Shanghai Banking Corporation (HSBC) has predicted the figure would be higher than $6 billion, far outstripping last year’s $0.6 billion.

VietNamNet Bridge - Vietnam has joined 15 free trade areas (FTAs) at the same time, which has worried businesses of overlapping regulations. In its cooperation relationship with Japan, for example, Vietnam has participated in three different FTAs.

 VietNamNet Bridge – Logistics trading is not provided adequate conditions for development in Viet Nam though it is considered a cash cow sector,

Vietnamese businesses must pay attention to non-tariff measures included in free trade agreements to be able to grab opportunities for promoting exports, experts said.

Two-digit import/export growth rates and Free Trade Agreements (FTAs) have made Vietnam into a very promising logistics market worth tens of billions of dollars. However, local logistics firms only have a small piece of the cake.