Over the past few decades, Vietnam has actively signed more than 15 free trade agreements (FTAs), including new-generation FTAs such as CPTPP , EVFTA , RCEP , and UKVFTA . to reach out to the world but also serve as a lever to improve national competitiveness.
For example, with EVFTA, after 3 years of implementation, export turnover from Vietnam to the EU increased by nearly 15% , reaching 56 billion USD in 2023. Many industries such as textiles, footwear, agricultural products and seafood benefit from significantly reduced tax rates, helping product prices become more competitive.
However, not all businesses can exploit spain telegram data these benefits. According to the Ministry of Industry and Trade, only about 37% of Vietnamese businesses take advantage of tariff incentives from FTAs. This shows that there are still great opportunities if we know how to exploit them properly.
2. Benefits from FTA: A boost for Vietnamese businesses 2.1. Reduce tariffs, increase competitiveness FTA helps reduce or eliminate import taxes on goods, making Vietnamese products more competitive in the international market. With EVFTA, tax on roasted and ground coffee will decrease from 7-9% to 0% .