The 2024 FTA Index which measures the implementation of Free Trade Agreements (FTAs) by localities and businesses last year was released in Ha Noi on April 8.
Vietnam's footwear and leather industry is poised to achieve 26-27 billion USD in export in 2024, marking a 3 billion-USD increase from the previous year, as they country has well capitalised on the signed free trade agreements to bolster shipment, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).
Together with the UK - Vietnam Free Trade Agreement (UKVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will create new opportunities for companies and consumers in the UK and Vietnam, affirmed British Ambassador to Vietnam Iain Frew.
Vietnam has so far attracted 3,500 foreign direct investment (FDI) projects in the garment - textile industry with a combined value of 37 billion USD, according to the Vietnam Textile and Apparel Association (VITAS).
The Ministry of Industry and Trade (MoIT) is set to actively coordinate with other ministries and sectors to step up the negotiations and signing of new free trade agreements (FTAs) with potential partners.
Taking full advantage of Vietnam's numerous free trade agreements (FTAs) and rolling out measures to promote trade are the key to boosting the country's exports in the future, said the Ministry of Industry and Trade (MoIT).
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.