Home / Economy / Trade - Service
Vietnam FTA portal to be upgarded
Hai Yen 07:03, 2021/07/11
The Vietnam Free Trade Agreement Portal (FTAP) with people and businesses at the center of its service is aimed at improving the quality and efficiency of Vietnam's FTAs implementation.

Minister of Industry and Trade Nguyen Hong Dien has approved action plan No.1718/QD-BCT for the upgrade and development of the FTAP in the period 2021-2025, with a vision to 2035.

Under the plan, the FTAP would be designed and built with a number of key features, including online lookup of tariff commitments, rules of origin, services, and investment under FTAs; data and characteristics of markets engaging in an FTA with Vietnam, required procedures for imports/exports, licensing, etc.; updated action plans ​​of Vietnamese authorities to implement FTAs; updated legal documents ​​issued by regulators to implement FTAs; updated advocacy communication activities such as conferences, seminars, training courses, and publications to support businesses.

 The interface of the FTAP. 

The data and information would be available in both Vietnamese and English.

According to the Ministry of Industry and Trade (MoIT), the FTAP with people and businesses at the center of its service is aimed at improving the quality and efficiency of Vietnam's FTAs implementation, a key step in accelerating the process of international economic integration and affirming Vietnam's important role in the global trading system; realizing and taking full advantage of the benefits of FTAs; ensuring effectiveness in disseminating and guiding businesses and the people about Vietnam's commitments in FTAs.

In 2021, the MoIT would focus on addressing technical issues of the FTAP; integrating news portals from ministries, departments, provinces, and associations into the FTAP; upgrading policies, data, and training courses related to FTAs that Vietnam is a part of.

For the 2022-2025 period, the FTAP would focus on analyzing and publishing data of Vietnam’s FTAs, with the priority being next-generation and multilateral FTAs, so that the public can search for any information related to these trade deals.

In the post-2025, the MoIT would continue to develop new features on the FTAP for greater experience from users.

The Prime Minister in early 2019 requested the MoIT to set up the FTAP. The process started in March with support from the Australian government and World Bank and the portal was officially launched on December 23, 2020.

Since Vietnam’s entry into the World Trade Organization (WTO) in 2007, the country has negotiated and signed 17 FTAs, of which one is under negotiation, namely the FTA between Vietnam and Israel.

RELATED NEWS
TAG: Vietnam FTA FTAP free trade agreement EVFTA UKVFTA CPTPP Hanoi covid-19
Other news
20:58, 2021/58/26
Vietnam Online Shopping Week & Online Friday 2021 start from November 27
Local consumers have the opportunity to shop online with many discounts.
21:21, 2021/21/25
Business opportunities between EU and Vietnam essential for recovery
Both the EU and Vietnam have in hands required tools to ensure the bilateral relations’ long-term prospects.
19:44, 2021/44/24
E-commerce helps Vietnamese companies cope with the pandemic: Experts
Vietnam came second in Southeast Asia in terms of e-commerce market growth and third in size, behind Thailand and Indonesia.
20:12, 2021/12/23
AEAU opens up huge opportunities for Vietnam-Russia economic cooperation
The combined market size of 250 million people is a significant incentive for companies from the two countries to tap into the potential, contributing to reaching the bilateral trade revenue goal of $10 billion.
15:17, 2021/17/22
Vietnam - Australia Trade and Investment Promotion Center debuts
Businesses from Vietnam and Australia will have the opportunity to display and sell goods either directly or through the connection of the center.
11:50, 2021/50/22
Vietnamese consumers willing to spend more on online food
Quality and food safety are key points for the positive growth of food delivery.