New Free Trade Agreements will push Vietnamese businesses to professionalize

HANOI - Its "golden population" phase and other specific advantages can help Viet Nam exploit well a slew of free trade agreements (FTAs), but there is zero room for complacency, experts and leading industrialists have warned.

They say that the agreements are a double-edged sword that will open the domestic market up to stiff competition local firms are ill-equipped to face.

The increased export opportunities also come with the challenge of meeting international standards, they add.