Submission of 2025 Free Trade Agreement (FTA) Negotiation Blueprint set for May

Get ready for a rollercoaster ride as the Ministry of Industry and Trade in Vietnam is cooking up a plan for engaging in free trade agreement (FTA) negotiations throughout the remainder of this year!

This move comes as part of Resolution No 124/NQ - CP issued following the Government’s regular April meeting. With the world's economic landscape drenched in volatility and the added chaos of domestic challenges, it's time to strap on the boots and conquer new markets!

The Vietnamese government is determined to fortify exports and diversify supply chains. Moreover, they plan to offer timely assistance to businesses tackling the dynamic global market. The Ministry of Industry and Trade must recharge their diplomatic batteries for the upcoming FTA negotiations in 2025.

The race is on for speeding up those talks with the US, while also securing Vietnam's spot in the expanded Information Technology Agreement (ITA2). But that's not all! The government also eyes the Middle East, North America, Latin America, India, Egypt, and Pakistan as potential gold mines for trade promotions.

Now, brush off those cobwebs on the strategic defense plans because counterfeit products and substandard goods aren't welcome in the land of theascending dragon! The Ministry of Industry and Trade must tighten their trade defense measures and closely partner up with relevant agencies to monitor and inspect the production and distribution of food, pharmaceuticals, and functional foods. Rest assured, any violations will be handled with an iron fist, following the law of the land.

According to updates from the General Statistics Office, exports have had a whopping 13 percent boost in the January to April period this year!

Here’s a sneak peek at Vietnam's FTA activity - as of now, it's signed 16 FTAs with 60 key markets and is currently working on three more[1][4][5].

Are you ready to join the Vietnam trade revolution? Brace yourself for a thrilling journey across the globe!

[1] "Vệt Nam to negotiate regional trade agreements in 2025." The Viet Nam News, Retrieved from https://vietnamnews.vn/economy/749934/vet-nam-to-negotiate-regional-trade-agreements-in-2025.html

[3] "Vietnam's trade development and global integration in 2025." Bizhub Asia, Retrieved from https://www.bizhubasia.com/markets/vietnams-trade-development-and-global-integration-in-2025/

[4] "Vietnam pathway to digital transformation." VNA Net Bridge, Retrieved from https://English.vov.vn/special-reports/vietnam-pathway-to-digital-transformation/293553.vov

[5] "Vietnam's exports to grow 13% in four months." VnExpress International, Retrieved from https://e.vnexpress.net/news/business/vietnams-exports-to-grow-13-in-four-months-4258426.html

Tân Cảng - Cái Mép International Terminal. The Ministry of Industry and Trade is developing a negotiation plan for FTAs in 2025.

Preparing for the challenging ahead, the Ministry of Industry and Trade in Vietnam is devising a negotiation plan for free trade agreement (FTA) discussions, targeting agreements with various markets, including the US, the Middle East, North America, Latin America, India, Egypt, and Pakistan in 2025. With AI and technology playing significant roles in modern finance and industry, the government aims to emphasize these aspects in the FTAs to promote trade.

Recognizing the crucial importance of upholding the quality of goods and services, the Ministry is tightening trade defense measures, collaborating closely with relevant agencies to monitor and inspect the production and distribution of food, pharmaceuticals, and functional foods, ensuring all standards are met and the law is followed.

In light of recent updates, exports have experienced a 13% surge in the January to April period this year, highlighting the potential growth in the Vietnamese economy. Consequently, the Ministry's ambitious goal of enhancing exports and diversifying supply chains is well on track.

As Vietnam proceeds with its intentions to fortify its position in the expanded Information Technology Agreement (ITA2) and secure more FTAs with 60 key markets – of which 16 have already been signed – the stage is set for a major contribution to the global trade industry. Join the Vietnam trade revolution and embark on an exhilarating journey to international markets!