With a number of free trade agreements (FTAs) now signed, Vietnam finds itself in its strongest-ever position on the international trade map.

Officially taking effect at 11pm on December 31, 2020, the United Kingdom (UK)-Vietnam Free Trade Agreement (UKVFTA) has reopened the trade and investment bridge between the two countries after the UK left the European Union (Brexit).

The EVFTA will abolish 65 per cent of the duties on EU exports to its developing partner, with the remainder phased out over a 10-year period.

Economic cooperation between Vietnam and the European Union (EU) is about to turn a new page in history as the Vietnamese National Assembly is moving very close to ratifying the EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam has taken full advantage of the CPTPP to gain strong growth in exports to Canada and Mexico, according to the Ministry of Industry and Trade (MoIT).

The nation is expected to represent a safe choice for foreign investors in their capital shifting plans in the context of the novel coronavirus (COVID-19) epidemic which is currently spreading globally.

The Republic of Korea (RoK) plans to adopt a monumental statement on its future relations with Southeast Asian countries during an upcoming summit in Busan, Cheong Wa Dae announced November 20.

The European Union (EU) on October 15 announced a plan to resume free trade agreement with Thailand, which has been suspended since 2014.

Deputy Minister of Industry and Trade Tran Quoc Khanh led a Vietnamese delegation to attend the 8th Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting which took place in Beijing, China, on Saturday.

 VietNamNet Bridge – Deputy Prime Minister and Minister of Foreign Affairs, Pham Binh Minh, received Volker Kauder, parliamentary group leader of the ruling Christian Democratic Union of Germany, and the Christian Social Union

 VietNamNet Bridge – Chairman of the State Duma of the Federal Assembly of Russia Naryshkin Sergey Evgenievich will make an official visit to Vietnam from December 2.

 VietNamNet Bridge – The proposed APEC free trade agreement (FTAAP) is expected to be on a larger scale than the Trans Pacific Partnership (TPP) agreement, but many Vietnamese businesses are not enthusiastic about the trade pact.

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