HANOI, Nov. 7 (Xinhua) -- Vietnam has cashed in on free trade agreements (FTAs) which helps bring its products to 60 countries and territories worldwide, Vietnam News Agency reported Tuesday, citing Minister of Industry and Trade Nguyen Hong Dien.
Responding to questions on measures to enhance export at the national assembly's ongoing meeting in capital city Hanoi on Tuesday, he said Vietnam had capitalized on the FTAs it has signed to bolster exports amid weakening demand, high input costs and inflation pressure across the globe.
The ministry will continue promoting digital transformation in its trade promotion programs, developing national-branded products, engaging Vietnamese firms in foreign supply chains, giving early warnings to products at risk of trade remedies, and popularizing commitments under the signed FTAs, the minister said.
According to the Ministry of Industry and Trade, Vietnam is among the 20 countries in the world with the largest international trade in goods, with annual growth rate from 12.5 percent in recent three years.
The country recorded a trade surplus of 24.61 billion U.S. dollars in the first 10 months of this year, according to the General Statistics Office.
