Ministry of Industry and Trade announces index to evaluate implementation results...

On the afternoon of April 8, in Hanoi, the Ministry of Industry and Trade held a ceremony to announce the index assessing the implementation results of Free Trade Agreements (FTA Index) in 2024. The announcement ceremony was held in person and online with localities across the country.

Prime Minister attends the announcement ceremony of the FTA Index

Comrade Pham Minh Chinh, Politburo member and Prime Minister attended the announcement ceremony.

Attending the announcement ceremony were comrades: Pham Minh Chinh, Politburo member, Prime Minister; Bui Thanh Son, member of the Party Central Committee, Deputy Prime Minister, Minister of Foreign Affairs; leaders of ministries, branches, localities, and enterprises. Comrade Lai Van Hoan, Provincial Party Committee member, Vice Chairman of the Provincial People's Committee attended the ceremony. Attending at the bridge point of Thai Binh Provincial People's Committee were leaders of departments, branches, and localities.

At the ceremony, the Ministry of Industry and Trade announced the results of the survey and assessment of the implementation of the FTA Index in localities, the level of access to information about the FTA Index by the business community, the effectiveness of programs and policies to support businesses in taking advantage of FTAs, the implementation of sustainable development commitments in FTAs in localities, the difficulties and obstacles that localities and businesses encounter in the process of implementing and taking advantage of FTAs...

The results showed that the province with the highest overall score was 34.90 points, while the province with the lowest score was only 14.49 points. Thai Binh ranked 31st out of 63 provinces and cities with a score of 25.36.

Leaders of departments and branches attended at the bridge point of Thai Binh Provincial People's Committee.

At the announcement ceremony, Prime Minister Pham Minh Chinh and leaders of the Ministry of Industry and Trade and other ministries and branches awarded Certificates of Merit to provinces and cities with outstanding achievements in implementing free trade agreements in 2024.

Speaking at the announcement ceremony, Prime Minister Pham Minh Chinh affirmed that in the context of globalization and increasingly deep international economic integration, Free Trade Agreements (FTAs) have become a mainstream trend to promote trade exchange between countries.

Vietnam is an active participant in this process. These FTAs bring many great benefits to the economy such as promoting export growth, expanding markets, attracting foreign investment, and improving the production capacity and competitiveness of Vietnamese enterprises. The commitments to reform and institutional transparency within the FTA framework also create motivation to improve the domestic business environment.

However, the implementation of FTAs in Vietnam still faces many challenges. In that context, the Government has assigned the Ministry of Industry and Trade to develop a set of indicators to evaluate the implementation results of Free Trade Agreements (FTA Index).

FTA Index aims to provide a transparent and objective database for the Government, central and local agencies in directing, supervising and operating integration work; supporting localities in evaluating the results of FTA implementation according to the proposed action program. At the same time, this is the basis for planning policies and development strategies suitable to the conditions and potential of each locality.

The FTA Index aims to provide a transparent and objective database for the Government, central and local agencies in directing, supervising and operating integration work; supporting localities in evaluating the results of FTA implementation according to the proposed action program; at the same time, it is the basis for planning policies and development strategies suitable to the conditions and potentials of each locality, thereby improving the investment environment.

The implementation of the index is also one of the measures and the basis for the development strategy for Vietnam to strive to achieve the growth target of 8% in 2025, creating momentum, creating momentum, and becoming a high-income country...