Vietnam integrates deeply into the global economy

(VOVworld) - Deputy Prime Minister Vuong Dinh Hue chaired a meeting to review Vietnam’s global economic integration and orientations in the future. Participants agreed that the agreements Vietnam has signed with other nations and international organisations have opened up new and larger markets for economic, trade and investment cooperation.

Vietnam integrates deeply into the global economy - ảnh 1
Deputy Prime Minister Vuong Dinh Hue speaks at the conference (Source: VNA)



Vietnam has to date established trade ties with over 200 countries and territories. More than 100 countries and territories are running investment projects in Vietnam, while domestic firms are also investing in projects in more than 70 nations and territories.

Deputy Prime Minister Vuong Dinh Hue said that it is necessary to make an overall assessment of Vietnam’s enforcement of free trade agreements (FTA), from preparations to the adaptation of ministries, sectors and products, in order to propose measures to better take advantage of these agreements.

He said: “The Steering Committee on Global Economic Integration should identify partners we will negotiate in the future. There are 4 partners which need to be reported to the Prime Minister and government to have direction. We have to decide our partners and rules, but not to follow what they tell us to do, placing national interest above everything else.”

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