HANOI, Nov 8 (NNN-VNA) – Vietnam has cashed in on the free trade agreements (FTAs), which helps bring its products to 60 countries and territories worldwide, Minister of Industry and Trade, Nguyen Hong Dien, was cited as saying,
Responding to questions on measures to enhance export, at the national assembly’s ongoing meeting, in the capital, Hanoi, yesterday, he said, Vietnam had capitalised on the FTAs it has signed, to bolster exports, amid weakening demand, high input costs and inflation pressure across the globe.
The ministry will continue promoting digital transformation in its trade promotion programmes, developing national-branded products, engaging Vietnamese firms in foreign supply chains, giving early warnings to products at risk, of trade remedies, and popularising commitments under the signed FTAs, the minister said.
According to the Ministry of Industry and Trade, Vietnam is among 20 countries in the world with the largest international trade in goods, with annual growth rate from 12.5 percent in three years.
The country recorded a trade surplus of 24.61 billion U.S. dollars, in the first 10 months of this year, according to the General Statistics Office.– NNN-VNA
