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Viet Nam Overview VIET NAM
Recent Socio-Economic Achievements LAND OF OPPORTUNITIES
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FTAs not yet
approved or still
RCEP to take effect
ASEAN, Australia, China, Japan,
New Zealand, Republic of Korea
Signed on November 15, 2020

VIET NAM - FTAs under
EFTA FTA Viet Nam, EFTA (Iceland, negotiations
Liechtenstein, Norway, Switzerland)
VIET NAM -
Negotiations started in May, 2012 ISRAEL FTA
Viet Nam, Israel
Negotiations started in December, 2015

Source: WTO Center - VCCI

Viet Nam’s socio-economic development has been remarkable, and the
country again posted outstanding growth in 2018 and 2019. This growth
was underpinned by robust domestic consumption, boosted by low inflation
and rising incomes among the country’s growing middle class. The acceleration
of industry, notably manufacturing, driven by sizable increases in foreign
direct investment, aided growth momentum. The signing of the EU-Viet Nam
Free Trade Agreement and the Comprehensive and Progressive Agreement
for Trans-Pacific Partnership also created more opportunities for the
country’s exports.

ASIAN DEVELOPMENT BANK
Source: https://www.adb.org/countries/viet-nam/overview