Export value to FTA partners account for 65%

Export revenue to Vietnam’s Free Trade Agreements (FTAs) partners accounted for some 65% of the country’s total, according to the Ministry of Industry and Trade (MoIT).

In 2023, the export revenue of the goods benefiting from preferential tariffs under FTAs reached over $86 billion, a year-on-year rise of 9.2%.

Vietnam has signed and basically ended FTA negotiations with over 60 partners.

The MoIT is actively coordinating with other ministries and sectors to step up the negotiations and signing of new FTAs with potential economies.

The ministry has recently taken many measures to promote exports and further tap opportunities from FTAs such as expanding export market, improving competitiveness for different export products, increasing export promotion activities, simplify procedures to grant origin certificates and speed up digital transformation to provide electronic certificate of origin.