ISDS Case Map
Vietnam
Vietnam's Minister of Industry and Trade, Nguyen Hong Dien, pledges to boost trade promotion and exports in 2024, focusing on optimizing free trade agreements, supporting domestic firms, and emphasizing market information and large-scale events.
Vietnam's prime minister said that they are willing to sign a foreign trade agreement with Türkiye as relations between the two countries are at their peak.
Foreign invested enterprises make up the majority of Vietnam’s export turnover of high-revenue products. Meanwhile, Vietnamese enterprises still mostly do outsourcing, and export raw materials or half-finished products.
Vietnam is taking measures to promote the negotiations of a free trade agreement (FTA) with the Southern Common Market (MERCOSUR), which is expected to be a driving force for Vietnam to tap the Latin American market.
Brazilian President Luiz Inacio Lula da Silva said that Vietnam has expressed interest in a trade deal with the Mercosur bloc, adding he will bring the topic up for discussion with those countries.
At a summit on the deal (RCEP) in Indonesia, a review of its implementation is expected to be conducted, with member states agreeing on new measures to intensify intra-deal trade and investment flows.
Israel is the first country in West Asia with which Việt Nam has signed a free trade agreement (FTA) and Việt Nam is also the first country in Southeast Asia that Israel has signed an FTA with.
Cambodia and Vietnam have signed an agreement to promote bilateral trade for 2023-2024, noting that it is an important mechanism that will promote and enhance bilateral cooperation in all sectors.
There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6% of the continent's total import of 600 billion USD per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA) agreement.
Indonesia and Vietnam are aiming for a $15 billion annual bilateral trade by 2028, and both nations are feeling confident about meeting this target as long as the trade barriers ease.
