Economic Diplomacy – Turning agreements into practical and effective economic cooperation programs and projects
VGP - In a complex and rapid-changing world, economic diplomacy should show its role on the national development
Deputy Prime Minister Tran Luu Quang and Israeli Prime Minister Benjamin Netanyahu witness the signing ceremony of the Viet Nam - Israel Free Trade Agreement, July 25, 2023 - Photo: VGP/Hai Minh
An important pillar in the country's diplomacy
Economic diplomacy has taken the lead in mobilizing external resources, making an important contribution to the implementation of socio-economic development duty, especially expanding and improving economic efficiency for the country.
Viet Nam's international economic integration has become more proactive, and effective. The network of Free Trade Agreements (FTA) is expanded along with effective implementation of 16 signed FTAs. Viet Nam also signed over 70 cooperation documents at ministerial level and nearly 100 cooperative agreements at local level, and hundreds of agreements between businesses. As a result, economic diplomacy has contributed to promoting economic growth, exports, and FDI attraction.