FTA PROMOTES EFFECTIVENESS: INCOME FOR EXPORT PROMOTION

Make good use of FTAs

15 FTAs ​​have taken effect, have been opening the "door" of the market for export goods, an opportunity for Vietnam to connect and participate more deeply in the global value chain and production network. According to statistics, import and export in 2021 has reached a spectacular goal with a figure of 668.5 billion USD, up 22.6% compared to the previous year, of which, export turnover achieved a high increase of 19%, export turnover increased by 19%. super was maintained for the 6th consecutive year with a surplus of 4 billion USD.

 Export of textiles and garments keeps the growth rate

The push from FTAs ​​contributed significantly to the miracle of import and export, export turnover to markets with FTAs ​​with Vietnam achieved positive growth, such as: China increased by 15%, the US increased by 24.2. %, EU increased by 14%, ASEAN increased by 25.8%, Korea increased by 15.8%, India increased by 21%, New Zealand increased by 42.5%, Australia increased by 3.1%. In particular, new generation FTAs, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA) or the Vietnam Free Trade Agreement. - The United Kingdom (UKVFTA) is being implemented comprehensively and effectively.

The EVFTA Agreement, after more than a year of implementation, has shown significant contributions to the economic development between the two sides and the growth of Vietnam. According to the Ministry of Industry and Trade, in 2021, exports to the EU will reach about 40.07 billion USD, up 14%. From January 1 to December 26, 2021, authorized agencies and organizations have issued 201,846 sets of C/O form EUR.1 with a turnover of more than $7.8 billion to 27 EU countries. In addition, enterprises exporting goods to the EU also perform self-certification of origin for 5,217 shipments with a value of more than 16.5 million USD, enjoying preferential tariffs under EVFTA. This shows that many Vietnamese businesses have paid attention to take advantage of opportunities from the EU's tariff reduction under EVFTA.

Not only the EVFTA, the UKVFTA Agreement, which was implemented from the beginning of 2021, also helps the bilateral trade relationship between Vietnam and the UK not to be broken in the context of the UK leaving the EU, with two-way trade reaching nearly 6 per cent. 6 billion USD and the value of import and export both increased by double digits (exports increased by 15.4%, imports increased by 24.1%). Mr. Nguyen Canh Cuong - Counselor of the Vietnamese Ambassador and Trade Office in the UK (concurrently Ireland) - said that in the context of the Covid-19 pandemic, the market demand decreased and the container crisis lasted from At the beginning of the year, the export results of Vietnamese enterprises for the whole year of 2021 can be said to be a "miracle", in which the UKVFTA Agreement plays a solid leverage role...

For the CPTPP, export growth to two markets where Vietnam has just had an FTA, such as Canada and Mexico, also maintained double digits (exports to Canada increased by 19.5%, Mexico by 46.1%). Potential and small markets like Peru, also unexpectedly grew in export turnover (up 84.3%), even in some periods up to 300%...

Need to be more proactive

Although there have been "sweet fruits" from the effective use of FTAs, however, Vietnamese goods still account for a modest proportion compared to the proportion of imports of these markets. Mr. Nguyen Canh Cuong said that UKVFTA has created new thrusts to help Vietnamese businesses have a more competitive advantage. If the enterprise can maintain the trust of its customers and consistently fulfill its commitment to delivery and quality assurance, the market share of Vietnamese goods in the UK will gradually increase in the coming time.

For agricultural products, although in 2021, it has been exported to most of the EU members, the market share of Vietnamese agricultural products in the EU market is still small, exported mainly in raw form, competitive in price in the EU market. short. To increase competitiveness in the EU market, a representative of the Import-Export Department (Ministry of Industry and Trade) said that businesses need to pay attention to product quality, food safety and hygiene, technical barriers, rules of origin and brand development to improve the competitiveness of Vietnamese agricultural products...

In 2022, bilateral and multilateral FTAs, in which the "super agreement" RCEP (Regional Comprehensive Economic Partnership) has just come into effect from January 1, 2022, continues to be one of the impetus to support Vietnam's economic growth. However, according to experts, to be able to go fast and go far, the prerequisite is still the efforts of the enterprises themselves, proactively improving competitiveness, self-innovation, meeting the progress of the business. international economic integration to develop and seize opportunities in the new context.