Vietnam's FTA strategy

Name: Ta, Sao Mai

keyword: Vietnam

LCSH: Vietnam -- Economic conditions

; FTA

LCSH: Vietnam -- Economic integration

; Strategy

LCSH: Vietnam -- Commerce

; Economic integration

; Trade

; Liberalization

Abstract: Vietnam’s trade performances after 1975 were primarily in Council for Mutual Economic Assistance (CMEA or COMECON) that was formed in 1949 under the leadership of Soviet Union to both counter to Marshall Plan of the US and facilitate the economic cooperation within the socialist bloc. After the Soviet Union collapsed in 1991, Vietnam lost the dominant aids and traditional markets. This urged Vietnam to push quickly the economic reform namely “Doi Moi” that was introduced since 1986. Hence Vietnam started to open the door and take part in the process of integration into the world economy. The process began with accession into Association of Southeast Asian Nations (ASEAN) in 1995 and ASEAN Free Trade Area (AFTA) in 1996 ; singing a bilateral trade agreement (BTA) with the United States in 2000 and free trade agreements (FTAs) under ASEAN framework in the 2000s and Vietnam has virtually engaged in international trade when Vietnam officially became a member of World Trade Organization (WTO) in 2007 and was more proactive and active in pursuing FTAs with a series of countries. This study attempts to have the profound investigation about Vietnam’s FTA strategy in the process of integration. Based on the data was collected from past literature, WTO’s reports, the official website of World Bank and Vietnam’s government and an in-depth interview, the analysis indicates that Vietnam has strategy in participating in the integration process via FTAs since the dissolution of the Soviet Union. Vietnam signed FTAs with the most important country first-the US in 2000 and promoting FTAs with other developed countries both neighbour countries as Japan, Korea and distant one as the EU as well as multiple countries such as Chile in the Latin America region, European Free Trade Association, Eurasian Economic Union and Israel. FTAs are considered a tool for Vietnam to expand and diversify export destinations, attract foreign investment and foster trade liberalization reform through strong commitments

Thammasat University. Thammasat University Library

Address: BANGKOK

Email: preserv@tu.ac.th

Name: Suphat Suphachalasai

Role: advisor

Created: 2017

Modified: 2022-03-18

Issued: 2022-03-18

วิทยานิพนธ์/Thesis

application/pdf

DOI: 10.14457/TU.the.2017.125

eng

DegreeName: Master of Arts

Level: Master's Degree

Descipline: Asia-Pacific Studies

Grantor: Thammasat University

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