(VOVworld) – By the end of this year, the ASEAN Economic Community (AEC) is scheduled to take shape under which the tariffs of many items will be removed or slashed to 5%. In less than 3 years, 97% of goods imported from ASEAN members will be exempted from duty. This will create both opportunities and challenges for Vietnamese businesses.

(VOVworld) - A number of Vietnam’s multilateral and bilateral free trade agreements with other countries have taken effect, which has impacted Vietnam’s economy, businesses, and people. Vietnam will likely sign more trade deals, like the Trans-Pacific Partnership and the EU-Vietnam free trade agreement, with even more commitments to open its market. Vietnamese enterprises can grow only if they learn to make the most of integration, free trade agreements, and bilateral investment treaties and are treated fairly.

(VOVworld) – Vietnam has proven that it is fully integrating internationally by a series of free trade agreements that have been signed or will be signed in the near future. Although Vietnamese enterprises face many challenges and many things need to be done to take advantage of the trade deals, this is a great opportunity for Vietnam to restructure its market and economy.

(VOVworld) – The Vietnamese economy witnessed positive changes in the first half of the year in which GDP increased nearly 6.3% against the same period last year. It’s also the highest rate since 2011. It’s predicted that Vietnam will face more challenges during the remaining months but the outcome might be a boost for businesses and foreign investors.

(VOVworld) – In the 20 years since the normalization of diplomatic relations, Vietnam-US relations have greatly expanded, particularly in economics, trade, and investment. Two-way trade has increased to the point where the US is Vietnam’s biggest export market.

(VOVworld) – The EU-Vietnam free trade agreement is in the negotiation stage and likely to be signed this year, promising many opportunities for Vietnam in tax slashing, commercial advantages, investment attraction, and market expansion. In addition to benefits will come challenges which both the Vietnamese government and businesses should pay more attention to and make necessary changes in regulations, policies, and production activities.

(VOVworld) – The revised Enterprise Law will officially take effect on July 1st under which timelines will be slashed to 3 days instead of 5 to 10 days in the past. Facilitating favorable conditions for individuals and enterprises to register business licensing will boost Vietnam’s economy.

(VOVworld) – Vietnam’s litchi has recently been exported to the US, Australia, France, and Malaysia. This is a positive sign for exporters of several other specialty fruits of Vietnam.

(VOVworld) – Since a free trade agreement between Vietnam and the Eurasian Economic Union (EAEU) was signed, many businesses in Ho Chi Minh City have stepped up their investment in Russia. As a potential market, the investment flow is likely to be full of promise.

(VOVworld) – Late last month, Vietnam signed a free trade agreement with the Eurasian economic union (EAEU) after two years of negotiations. The move is expected to offer major opportunities for Vietnam’s important export commodities such as agricultural and industrial goods like textiles, footwear, furniture, and some processed products.