Vietnam, although a relatively young nation, has successfully established trade relations with dozens of countries worldwide. This is especially evident in the number of free trade agreements (FTAs) that the country has signed and is participating in. Being part of the Association of Southeast Asian Nations (ASEAN), economic opportunities for Vietnam expands beyond bilateral trade agreements, with specific countries in order to include multilateral trade agreements via the ASEAN Free Trade Area (AFTA).
Bilateral free trade agreements
Below is a list of all the bilateral trade agreements Vietnam is currently participating in, organized by the partnering country.
- Chile: Vietnam-Chile Free Trade Agreement, signed 12 November, 2011; came into effect on 4 February, 2014.
- Cuba: VietnamâÂÂCuba Free Trade Agreement, signed 9 November 2018; came into effect on 1 April, 2020.
- Japan: Vietnam-âÂÂJapan Economic Partnership Agreement (VJEPA), signed 25 December, 2008; came into effect on 1 October, 2009.
- South Korea:VietnamâÂÂKorea Free Trade Agreement (VKFTA), signed 5 May, 2015; came into effect on 20 December, 2015.
- United Kingdom:United KingdomâÂÂVietnam Free Trade Agreement (UKVFTA), signed 29 December, 2020; came into effect on 1 May, 2021.
- US: USâÂÂVietnam Bilateral Trade Agreement (BTA), signed 14 July, 2000; came into effect on 10 December, 2001.
Multilateral free trade agreements
Below is a list of all the multilateral trade agreements Vietnam is currently participating in, organized by partnering country/economic bloc.
- Association of Southeast Asian Nations (ASEAN): ASEAN Free Trade Area, signed 28 January, 1992; Vietnam joined ASEAN in 1995.
- Australia & New Zealand under ASEAN: ASEANâÂÂAustraliaâÂÂNew Zealand Free Trade Area, signed 27 February, 2009; came into effect on 1 January, 2010.
- China under ASEAN: ASEANâÂÂChina Free Trade Area (ACFTA), signed 4 November, 2002; came into effect on 1 July, 2003.
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) (including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam, signed 8 March, 2018; came into effect on 30 December, 2018.
- Eurasian Economic Union: VietnamâÂÂEurasian Economic Union Free Trade Agreement (VN-EAEU FTA), signed 29 May, 2015; came into effect on 5 October, 2016.
- European Union (EU): EUâÂÂVietnam Free Trade Agreement, signed 30 June, 2019; came into effect on 1 August, 2020.
- India under ASEAN: ASEANâÂÂIndia Free Trade Area, signed 13 August, 2009; came into effect on 1 January, 2010.
- Regional Comprehensive Economic Partnership (RCEP) (including Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam), signed 15 November, 2020; came into effect on 1 January, 2022.
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