QUESTION:
– What are free trade agreements and organizations that Vietnam has
joined in?
– Present opportunities and challenges that Vietnam may face when it
joins in a free trade area or organization.
ANSWER:
The wave of free trade agreements (FTAs) is increasing stronger throughout the world
and becoming a new trend in the world’s economy in the context of global economic
integration and rising trade liberalization. system of international economics Not
bucking the trend, Vietnam has made significant efforts and actively engaged in the
signing of several free trade agreements in the last year, opening up numerous
chances for socioeconomic growth.
A free trade agreement (FTA) is an agreement between two or more nations that
allows them to trade freely. As a result, nations will adhere to the roadmap in order to
minimize and eliminate tariff and non-tariff obstacles on their way to establishing a
free trade zone.
FREE TRADE AGREEMENT (FTA) VIETNAM HAS JOINED IN
STT
Abbreviations
Full name
Year of entry
into force
1
AFTA
ASEAN Free Trade Area
1993
2
ACFTA
ASEAN–China Free Trade Area
2003
3
AKFTA
ASEAN – Korea Free Trade Agreement
2005
4
AJCEP
ASEAN-Japan Comprehensive Economic
Partnership
2008
5
VJEPA
Vietnam Japan Economic Partnership Agreement
2009
6
AIFTA
ASEAN-India Free Trade Area
2010
7
AANZFTA
ASEAN-Australia-New Zealand Free Trade Area
2010
8
VCFTA
Vietnam-Chile Free Trade Agreement
2014
9
VKFTA
Vietnam-Korea free trade agreement
2015
10
VN-EAEU FTA
Vietnam-Eurasian Economic Union Free Trade
Agreement
2016
11
CPTPP
Comprehensive and Progressive Agreement for
Trans-Pacific Partnership
2018
12
AHKFTA
ASEAN – Hong Kong, China
Free Trade Area
2019
13
EVFTA
EU-Vietnam Free Trade Agreement
2020
14
VN-EFTA FTA
Vietnam and the European Free Trade Association
Đang đàm phán
15
RCEP
Regional Comprehensive Economic Partnership
• The FTA that Vietnam has joined include:
– The ASEAN Free Trade Area (AFTA) is a multilateral FTA between ASEAN
countries. AFTA was signed in 1992 in Singapore. Initially, there were 6
countries, namely Brunei, Indonesia, Malaysia, Philippines, Singapore and
Thailand (collectively referred to as ASEAN-6). Cambodia, Laos, Myanmar and
Vietnam (collectively referred to as CLMV) join AFTA upon being admitted to
ASEAN.
– ASEAN China Free Trade Agreement (ACFTA): ASEAN and China signed the
Comprehensive Economic Cooperation Framework Agreement in November 2002
