Viet Nam launches first-ever free trade agreement portal

Update: 10:38 | 24/12/2020
The Ministry of Industry and Trade (MoIT) on December 23 held a ceremony in Ha Noi to launch the Viet Nam 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 Viet Nam is party.
Viet Nam - China trade believed to have ground to reach new height
UKVFTA ushers in new opportunities for Viet Nam-UK trade
Viet Nam launches first-ever free trade agreement portal
The Ministry of Industry and Trade (MoIT) on December 23 holds a ceremony in Ha Noi to launch the Viet Nam Free Trade Agreement Portal (FTAP), at fta.moit.gov.vn. (Photo: VNA)

The launch was attended by Deputy Prime Minister and Foreign Minister Pham Binh Minh, World Bank Country Director for Viet Nam Carolyn Turk, and Ambassador of Australia to Viet Nam Robyn Mudie.

The portal, the first of its kind in Viet Nam, has been developed by the MoIT and the World Bank, with support from the Government of Australia, since February 2019.

It provides a smart online look-up tool for enterprises and others who wish to explore various FTA commitments regarding import duties, rules of origin, and services and investment. It also offers information and knowledge essential to foreign traders, such as market updates and local regulations on imports and exports as well as sustainable development.

Addressing the event, Minister of Industry and Trade Tran Tuan Anh said the introduction of the FTAD demonstrates the Government’s determination to make the contents of FTAs, especially new-generation agreements, more widely known among the business community and society.

The MoIT will continue to coordinate with relevant agencies and organisations to update and improve the portal and ensure its security, Anh said.

Viet Nam has signed a total of 14 bilateral and regional FTAs, 13 of which have entered into force, including the new-generation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). The country has also concluded talks over another FTA while negotiations on two others are underway.

Viet Nam, India set forth joint vision for peace, prosperity and people

Viet Nam, India set forth joint vision for peace, prosperity and people

Prime Minister Nguyen Xuan Phuc and his Indian counterpart Narenda Modi exchanged views on wide-ranging bilateral, regional and global issues and set forth the Joint ...

Viet Nam - Hungary diplomatic ties celebrated in Ho Chi Minh City

Viet Nam - Hungary diplomatic ties celebrated in Ho Chi Minh City

The 70th anniversary of Viet Nam - Hungary diplomatic ties was marked at a ceremony jointly held in Ho Chi Minh City on December 17 ...

Viet Nam, Russia, South Africa mark 60 years of Declaration on Decolonialisation

Viet Nam, Russia, South Africa mark 60 years of Declaration on Decolonialisation

Viet Nam, Russia, and South Africa, three members of the UN Security Council, jointly held an event on December 17 to mark the 60th anniversary ...

(Source: VNA)