The Ministry of Industry and Trade (MoIT) on December 23 held a ceremony in Hanoi to launch the Vietnam Free Trade Agreement Portal (FTAP), at fta.moit.gov.vn, to help the domestic business community make the most of the opportunities brought about by trade deals to which Vietnam is party.
The Ministry of Industry and Trade (MoIT) on December 23 holds a ceremony in Hanoi to launch the Vietnam Free Trade Agreement Portal (FTAP), at fta.moit.gov.vn. (Photo: VNA)
Hanoi (VNA) - The Ministry of Industryand Trade (MoIT) on December 23 held a ceremony in Hanoi to launch the VietnamFree Trade Agreement Portal (FTAP), at fta.moit.gov.vn, to help the domesticbusiness community make the most of the opportunities brought about by tradedeals to which Vietnam is party.
The launch was attended by Deputy Prime Minister andForeign Minister Pham Binh Minh, World Bank Country Director for Vietnam CarolynTurk, and Ambassador of Australia to Vietnam Robyn Mudie.
The portal, the first of its kind in Vietnam, hasbeen developed by the MoIT and the World Bank, with support from the Governmentof Australia, since February 2019.
It provides a smart online look-up tool forenterprises and others who wish to explore various FTA commitments regardingimport duties, rules of origin, and services and investment. It also offers informationand knowledge essential to foreign traders, such as market updates and localregulations on imports and exports as well as sustainable development.
Addressing the event, Minister of Industry and TradeTran Tuan Anh said the introduction of the FTAD demonstrates the Government’s determinationto make the contents of FTAs, especially new-generation agreements, more widelyknown among the business community and society.
The MoIT will continue to coordinate with relevantagencies and organisations to update and improve the portal and ensure its security,Anh said.
Vietnam has signed a total of 14 bilateral andregional FTAs, 13 of which have entered into force, including thenew-generation Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). The countryhas also concluded talks over another FTA while negotiations on two others areunderway./.
Vietnam is a strategic partner of the UK, affirmed UK Secretary of State for International Trade Elizabeth Truss at a meeting with Chairman of the National Assembly’s Committee for Economic Affairs Vu Hong Thanh in Hanoi on December 11.
The Ministry of Industry and Trade (MoIT) and the Ministry of Trade, Industry and Energy of the Republic of Korea (RoK) recently signed an exchange letter on the implementation of the cumulation of origin of textile between the two nations under the EU-Vietnam Free Trade Agreement.
Vietnamese tuna appears ideally placed to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA), with shipments rising 0.5 percent year-on-year to 126 million USD during January-November despite COVID-19.
The UK-Vietnam Free Trade Agreement (UKVFTA) is an important factor ensuring the continuity of the dynamic and expanding bilateral trade relations between the two countries, affirmed UK Secretary of State for International Trade Elizabeth Truss.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The Ministry of Industry and Trade (MoIT) on December 23 holds a ceremony in Hanoi to launch the Vietnam Free Trade Agreement Portal (FTAP), at fta.moit.gov.vn. (Photo: VNA) 
