In addition to the ratification of new laws, Vietnam’s participation in high-standard FTAs ensures the country’s status among attractive investment destinations, Prime Minister Nguyen Xuan Phuc has said.

All subsidiaries of Samsung in Vietnam are operating normally as the country remain its strategic global production hub.

Priorities would be to avoid any disruption to the economy and a negative growth scenario as Vietnam’s major economic partners face severe impacts from the pandemic.

A fair promoting Vietnamese exports was expected to effectively implement the domestic stimulus program for the city.

Benefits from FTAs have not brought along breakthrough changes for Vietnam, as most partners have similar economic structure, or even directly compete with Vietnam.

With 16 FTAs in effect or under negotiation, Vietnam has been at the center of a global network of free trade that accounts for 59% of the world population and 68% of global trade.

The city expects to promote the Hanoi brand as an attractive tourism destination the region and the world, and advertise the city’s image at major markets.

EVFTA provides a means of market diversification for EU and Vietnamese businesses.

In 2020, Hanoi targets to attract over US$5 billion in FDI, while investment promotion activities would focus on new markets, particularly member countries of the CPTPP and the EVFTA.