Hanoi (VNA) – ever since world trade organization
Vietnam joined the WTO in 2007 and is involved in more than 500 bilateral and multilateral agreements in various fields, including 7 free trade agreements (FTAs).
We also have economic ties with about 230 countries and regions, and are currently strategic partners in 17 countries.
This status will help the country achieve its growth goals, continue to innovate comprehensively, and steadily advance its development path with great achievements after 36 years of Doi Moi (renewal) and 16 years of WTO membership. created an excellent motivation to help
With its growing international standing and reputation, Vietnam is confident to enter a new stage of international economic integration and join the global economic nexus with a whole new attitude.
Despite the many difficulties caused by the COVID-19 pandemic in the period 2020-2022, Vietnam’s import and export turnover surpassed $700 billion for the first time last year, surpassing $732.5 billion, up 9.5% year-on-year Did-year.
Notably, 2022 will also be the seventh year in a row that Vietnam will record a trade surplus of over US$11 billion.
Moreover, Vietnam has also become an attractive destination for foreign investors. As of late 2022, the country has collected nearly US$439 billion in her 36,278 projects from over 140 countries and territories.
Nguyen Thi Thu Trang, Director of the Integration Center of the World Trade Organization (WTO) and the Vietnam Chamber of Commerce and Industry (VCCI), said the achievement was due to the courage of the country to open up its economy through WTO accession and participation in FTAs. said it was something. .
FTAs opened the door of VietnamThese exports have increased opportunities for countries to participate in global value chains and production networks. Especially in the context of COVID-19, the EU-Vietnam Free Trade Agreement (EVFTA), the Comprehensive and Progressive Agreement on the Trans-Pacific Partnership (CPTPP), the UK-Vietnam FTA, and the Regional Comprehensive Economic Partnership (RCEP) have all has become a “medicine” for Vietnam’s economic recovery.
According to statistics from the General Department of Customs, Ministry of Finance, in 2021, Vietnam’s trade with FTA partners will reach $480 billion, up 22.5% year-on-year, accounting for about 72% of total import and export turnover. the whole world. /.