The implementation of free trade agreements (FTAs) will continue to prove fruitful for Vietnam in 2023, said Minister of Industry and Trade Nguyen Hong Dien.

Since its World Trade Organisation (WTO) membership in 2007, Vietnam has engaged in more than 500 bilateral and multilateral agreements in various fields, including 7 free trade agreements (FTAs).

The Vietnamese shrimp industry has made it through a tough year of weakening demand and come out afloat, according to business leaders.

In 2023, the agricultural sector will promote negotiation to open more foreign markets for local farming commodities, said Hoang Trung, director of the Plant Protection Department under the MARD.

Despite continued concerns over the contents of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the achievements of the deal are remarkable in terms of the enhancement of Vietnam’s international economic integration.

In the recent three years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, trade revenue between Vietnam and other member countries has seen two-digit growth every year.

There is still a lot of untapped potential for Vietnamese businesses in the CPTPP, three years after it went into effect, said policymakers and industry experts during an online conference in Hanoi on December 1.

Taiwan is hoping to sign a bilateral trade agreement (BTA) with the United States by the end of 2023, but it would not cover the core issue of tariff reduction.

The free trade agreement index (FTA Index) was expected to create an impetus for localities to create a favourable environment for enterprises and enable them to take advantage of free trade deals.

The export revenue of ‘tra’ fish recorded over 2.2 billion USD in the first 10 months of 2022, entering the list of agricultural products with the highest export revenue during the 10 months, despite the current inflation and declining import demand in the world market.