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The country's trade surpassed the milestone of $700 billion in value to hit $73.5 billion in 2022, a rise of 9.5 per cent against the same period of the previous year, according to the updates of the General Statistics Office.
Since its World Trade Organisation (WTO) membership in 2007, Vietnam has engaged in more than 500 bilateral and multilateral agreements in various fields, including 7 free trade agreements (FTAs).
Vietnamese businesses have the opportunity to promote market expansion in the EU and they will go ahead with this expansion trend to other developed markets in the time ahead.
Over the past years, free trade agreements (FTAs) have proved effective in promoting Vietnam’s exports.