Trade Vietnam

The EVFTA since its inception on August 1, 2020, has contributed to raising bilateral trade turnover to $57 billion in 2021.

Both countries have huge potential for cooperation in various fields, especially in trade and investment.

The domestic sector has been a key contribution to the country’s trade surplus of $1.39 billion during the first month of the year.

Assuming Vietnam keeps the current pace of trading growth, the turnover could set a new record and exceed the $700-billion mark in 2022.

2022 would remain to be a favorable year for trade, especially as enterprises have improved their resilience and several economic sectors continue to benefit from CPTPP, EVFTA, and RCEP.