Free trade brings benefits and challenges

The Free Trade Agreement (FTA) is a double-edged sword as it brings both opportunities and challenges to Vietnamese exports, said economic experts.

Dr. Nguyen Minh Phong from the Hanoi Institute of Socio-economic Development said that the FTA signing has provided Vietnam with an equal position on all aspects with member countries in the agreement and as a result, the country’s exports have seen remarkable improvements in turnover, products and markets year by year, except 2009 when the world suffered an economic crisis.