The new generation, Department of Industry and Commerce FTA impacts export and import activities, and investment attraction positively.
- 137
- Business
- 22:28 20/08/2023
DNHN - Presently, Vietnam has signed and implemented a total of 19 FTAs, the majority of which have contributed to the improvement of the competitiveness of Vietnamese goods on the global stage.

On August 16, 2023, the Ministry of Industry and Trade issued Document No. 5545/BCT-DB, which details the results of the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), The European Union - Vietnam Free Trade Agreement (EVFTA), and the United Kingdom - Vietnam Free Trade Agreement (UKVFTA) in 2022 by ministries, sectors, and localities. According to the Ministry of Industry and Trade, the New-generation free trade agreements (FTAs) have stimulated export and import activities and investment attraction.
CPTPP Agreement: In 2022, the trade volume between Vietnam and CPTPP member nations reached 104.5 billion US dollars, an increase of 14.3 percent from 2021. Vietnam's exports to foreign countries. CPTPP countries reached 53.6 billion USD, an increase of 17.3%, while import turnover reached 50.9 billion USD, an increase of 11.3%. Notably, Vietnam's export market to eight out of ten CPTPP members grew, with Brunei recording the highest growth rate at 163%. Even though some markets, such as Mexico and Peru, experienced a decline in growth (down 0.5% and 5.5%, respectively), the largest market, Canada, still experienced impressive growth of over 20%.
EVFTA Agreement: In 2022, trade between Vietnam and European Union (EU) member states reached 62.24 billion US dollars, a 9.2% increase over 2021. Export turnover Vietnam's exports to EU countries increased by 16.7% to 46.8 billion USD, while import turnover from EU countries decreased by 8.2% to 15.4 billion USD. The export turnover based on the C/O form under EVFTA (EUR.1) has reached 12,1 billion USD, representing 25.9% of the total export turnover to the EU and an increase of 49.4% from 2021.
The trade volume between Vietnam and the United Kingdom will reach $6.8 billion in 2022, a 3.3% increase from 2021. The value of Vietnam's exports to the United Kingdom will reach $6.8 billion. 6.1 billion USD, an increase of 5.2%, while imports from the UK reached 771 million USD, a decline of 9.0%. C/O EUR.1 exports to the United Kingdom reached $1.4 billion, representing 23.5% of total exports to the United Kingdom. Vietnam's significant exports to this market continue to enjoy a healthy utilization rate.
The report also emphasizes the significance of CPTPP, EVFTA, and UKVFTA-related propaganda, information dissemination, competitiveness enhancement, and human resource development. The implementation of these free trade agreements has resulted in favorable brand positioning changes for Vietnamese products on the international market.
Phu Thai
Related news
- Prime Minister: Vietnam aims to become a regional logistics hub
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
- Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
- Vietnam’s strong gdp growth fails to ease labor market distress
- US tariffs on Brazil propel Vietnam’s pangasius into global spotlight
- VietLeap AI Accelerator launches: A strategic springboard for Vietnam’s AI startups
- CICON expands strategic alliances: A new step forward in Vietnam–Korea business connectivity
- What must Vietnamese enterprises do to maintain their position in the global supply chain?
- Vietnam advances cybersecurity law to boost digital sovereignty and business resilience
- Vietnam embraces digital tools to modernize public administration
- Administrative procedures for establishing the national technology exchange reduced to one application set
- Vietnam hits highest FDI inflow since 2009, fuels industrial real estate boom
- Foreign investors expected to open 150,000 new securities accounts in the next 5 years
- Government’s plan to implement Law on Digital Technology Industry approved
- Vietnam launches “Private Economy Panorama Model” to foster public-private national development
- Shark Nguyễn Hòa Bình: Hanoi will become the capital of startup innovation.
- Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
- The master sales secrets of luxury king Bernard Arnault that make the world spend
- White House: When politics and technology join forces to rewrite the global AI order
- Da Nang proposes semiconductor cooperation with Oregon (USA)
Đọc thêm Business
Vietnam upgraded to Secondary Emerging Market by FTSE Russell
FTSE Russell has officially upgraded Vietnam’s stock market to Secondary Emerging Market status, effective September 2026, marking a historic milestone for the country’s financial integration and global investment appeal.
US tariffs on Brazil propel Vietnam’s pangasius into global spotlight
Vietnam’s pangasius industry eyes $2 billion worth of exports in 2025 amid shifting US trade policy and a global supply realignment.
CICON expands strategic alliances: A new step forward in Vietnam–Korea business connectivity
On the afternoon of September 26, 2025, a strategic cooperation signing ceremony took place between CICON (Korea) and its key Vietnamese partners, including the Ho Chi Minh City Association of Small and Medium Enterprises (HUBA), Doanh nghiệp & Hội n
What must Vietnamese enterprises do to maintain their position in the global supply chain?
Mr. Lu Wei Chieh, General Manager of Cathay United Bank – Ho Chi Minh City Branch, shared with Business & Integration Magazine key strategies that can help Vietnamese enterprises not only stand firm but also go further amid shifting global dynamics.
Vietnam hits highest FDI inflow since 2009, fuels industrial real estate boom
This robust inflow is not only transforming the country’s industrial landscape but also signaling Vietnam’s rising role in the global supply chain amid shifting geopolitical dynamics.
Foreign investors expected to open 150,000 new securities accounts in the next 5 years
The Ministry of Finance has set an ambitious target to increase the number of securities trading accounts held by foreign investors in Vietnam to 200,000 by 2030—four times higher than the current figure.
Vietnam launches “Private Economy Panorama Model” to foster public-private national development
Billionaire Nguyen Thi Phuong Thao emphasizes that entrepreneurs’ responsibilities extend beyond profits to creating social value.
Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
As part of his working visit to Japan and participation in the Vietnam National Day at EXPO 2025 Osaka, on September 8, Deputy Prime Minister Lê Thành Long held talks with Osaka Governor Yoshimura Hirofumi.
Larry Ellison’s lesson: Enduring success starts with fixing the market’s pain points
As of today, Larry Ellison has risen to become the world’s second-richest billionaire with a fortune of nearly $260 billion, surpassing familiar names such as Jeff Bezos and Warren Buffett.
The master sales secrets of luxury king Bernard Arnault that make the world spend
Billionaire Bernard Arnault, Chairman of LVMH (Moët Hennessy Louis Vuitton), controls more than 70 of the world’s most prestigious luxury brands, from Louis Vuitton and Dior to Moët & Chandon and Bulgari.