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Firms supported to bring into full play ASEAN’s FTAs

A business information portal at //business.gov.vn and the ASEAN Access portal at //aseanaccess.com were introduced with the aim of supporting enterprises in accessing market information at a workshop on the ASEAN market in Ho Chi Minh City on December 8.
Firms supported to bring into full play ASEAN’s FTAs ảnh 1Nguyen Duc Trung, Deputy Director of the Agency for Enterprise Development, speaking at the workshop (Photo: vtv.vn)
HCM City (VNA) – A business information portal at //business.gov.vn and the ASEAN Access portal at //aseanaccess.com were introduced with the aim of supporting enterprises in accessing market information at a workshop on the ASEAN market in Ho Chi Minh City on December 8.

Sita Zimpel, Project Director at the German Corporation for International Cooperation (GIZ) who is responsible for developing these two portals, said that the ASEAN market still has a lot of untapped potential, especially under the ASEAN Trade in Services Agreement (ATISA). These two portals are the main platforms for businesses to access reliable market information, form networks, and share experiences with the business community, especially small- and medium-sized enterprises in ASEAN.
The workshop was jointly held by the Agencyfor Enterprise Development under the Ministry of Planning and Investment andthe German Corporation for International Cooperation (GIZ).

Delegates discussed new opportunities fromthe ASEAN Economic Community (AEC) as well as related FTAs such as the ASEANComprehensive Investment Agreement (ACIA), the ASEAN Trade in Goods Agreement (ATIGA)and ATISA.

Nguyen Duc Trung, Deputy Director of the Agencyfor Enterprise Development, said that economic integration in general and ASEANcooperation in particular have brought about a lot of economic developmentopportunities.

In the first two months of 2023, Vietnam’stotal export turnover to ASEAN reached 2.85 billion USD. Exports toThailand reached 654.2 million USD, 441.7 million USD to Malaysia, more than430 million USD to Cambodia and Indonesia each, 408 million USD to thePhilippines, 387.1 million USD to Singapore, 45.3 million USD to Laos, and 4.32million USD to Brunei.

However, the achieved results did not fullyreflect the potential for trade among ASEAN countries. Meanwhile,Vietnamese small- and medium-sized enterprises still face many challenges intaking advantage of these opportunities, he said, adding that supporting themto make the most of digital platforms as well as market search skills throughnetworks within the ASEAN region is essential./.

VNA

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