FTAs

Vietnam’s exports have enjoyed significant expansion in terms of market scale and commodity structure, thereby making an outstanding contribution to the growth of the country’s export turnover.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership has opened up opportunities for Vietnam’s fine arts and handicraft products to make inroads into the 11 markets that have signed up to the trade pact.

According to the Vietnam Steel Association (VSA), in the first nine months of 2019, domestic steel output reached 18.83 million tons, an increase of 6.7 percent compared with the same period last year.

Participation in new generation FTAs opens new cooperation opportunities for businesses in Viet Nam’s agricultural sector, but challenges remain.

Labor force quality is still a main obstacle for Vietnam to overcome.

Existing factors in the market, especially strong FDI inflow, all are supporting the prosperity of the industrial real estate market.

Many cities/provinces reject textile and garment projects because of fear of the negative impact on the environment.

With its series of recent free trade agreements, Vietnam is becoming very attractive to foreign businesses, especially in the textile and garment sector.

Experts have said Vietnam's pepper industry had better change its growth model and enhance quality to take advantage of free trade agreements (FTAs).

Vietnam is said to change its regulatory framework to tap potential offered by FTAs.

Shih Rui-Chi, representative of the Taipei Economic and Cultural Office in Vietnam, writes about the prospects of Taiwanese investment in Vietnam in the context of the country entering the CPTPP and the EVFTA this year.

The seafood industry must envision a long-term strategy to make full use of new trade pacts and prepare for problems that might arise when they take effect, Truong Dinh Hoe, VASEP general secretary, said.

It is expected that the average dairy product demand of Vietnamese will increase to 28 liters per annum by 2020.

With its engagement in many free trade agreements, Vietnam is becoming an enticing destination for foreign investors who want to engage with the country to improve their supply chains.

The countries with developed technologies such as Japan and the US, when seeking places for their long-term investments, consider possible destinations such as Vietnam, Indonesia and India very carefully.

Nearly 100 percent of materials needed to make textile and garment products must be imported, limiting Vietnam’s to take full advantage of preferential tariffs in FTAs.