In the current context of globalization, free trade agreements play a crucial role in the development and integration between Vietnam and the global economies. So, what exactly are free trade agreements, and what benefits do they bring to the economy? Let's analyze the mission of connecting Vietnam with the world through free trade agreements in the following write-up with VICO Logistics!

1. How do free trade agreements connect Vietnam with the world?

1.1 Understanding the concept and importance of free trade agreements 

1.2 Benefits of Vietnam from signing free trade agreements

Participating in free trade agreements is one of Vietnam's essential strategies for international economic integration, aiming to enhance economic competitiveness. Engaging in FTAs has brought several benefits to Vietnam, including:

• Expanding and diversifying export markets: FTAs enable Vietnam to access extensive and potential markets worldwide, such as the US, EU, Japan, South Korea, and China, with advantages in tariff reduction, quota allowances, and trade protection measures.

• Attracting foreign investment: FTAs enhance Vietnam's attractiveness to foreign investors, leveraging the country's advantages, like developing an economy, low labor costs, abundant workforce, and stable trade relationships with many countries.

• Technology transfer and production capacity improvement: Vietnamese businesses can learn experiences, techniques, and quality management from leading global companies. FTAs also encourage collaboration in science and technology, contributing to a dynamic and sustainable development environment.

During the process of international trade connection, Vietnamese businesses need to choose a reliable logistics partner to maximize these benefits. The following content will introduce a leading logistics company in Asia and globally. 

​The economic relationship between Vietnam and China​

2.VICO Logistics: A reliable partner in connecting Vietnam with Asia and the world 

2.1 Introduction to VICO Logistics

With an extensive network of offices throughout Southeast Asia and a presence in Vietnam since 1997, VICO's core value is facilitating quick and safe transportation for clients, offering the most attractive pricing. 

2.2 VICO Logistics' professional logistics services for Vietnam's import-export activities

Furthermore, VICO provides comprehensive logistics services and distribution, warehouse management, and post-delivery solutions to ensure customer satisfaction. 

2.3 Reliable and efficient cargo transportation solutions by VICO Logistics

VICO provides services including:

• International and domestic cargo transportation in Vietnam
• Direct export-import consolidation (LCL, Direct Consol)
• Complete customs procedures
• Completing export-import documents, C/O form A, B, D, AK, E, AANZ
• Warehouse solutions - E-commerce goods transportation
• Transportation across Vietnam's borders - Laos, Cambodia, China

3.VICO Logistics and its role in promoting imports and exports through free trade agreements 

3.1 Free trade agreements that Vietnam is participating in

​
3.2 Opportunities and challenges when Vietnam joins FTAs

Free trade agreements have provided Vietnam with opportunities to expand market access, attract foreign investment, transfer technology, improve product and service quality, protect the rights of related parties, and contribute to maintaining high and stable macroeconomic growth.

However, participating in FTAs also poses challenges for Vietnam, demanding significant efforts in adapting and effectively utilizing the agreements.

Some significant challenges include intense competition from foreign businesses, pressure for institutional and legal reforms, requirements for technical standards, food safety, environmental protection, labor, and intellectual property.

Furthermore, Vietnam must address risks from global economic, political, and social fluctuations such as wars, diseases, and climate change.

3.3 How VICO Logistics leverages free trade agreements to expand trade opportunities for Vietnam and its achievements

International trade logistics is a vital component. This is the mission VICO constantly aims for - becoming a partner for Vietnamese businesses in import and export activities.

An exemplary case is the textile and garment industry. Thanks to the EVFTA, some textile products are exempted from import taxes when entering the EU market. This opens opportunities for businesses to enhance exports to these markets. It's a significant opportunity for the textile industry and VICO to integrate into new markets.

With a presence in Hong Kong, China, and Vietnam, VICO can support key import-export routes in the region, especially the Vietnam - China route.

Having a presence in multiple regional countries, VICO can swiftly address customer issues as they arise, ensuring prompt transportation operations and minimizing business risks.

With the abovementioned opportunities and challenges, VICO has developed plans and goals for connecting Vietnam with the world. This will be presented in the subsequent section.

4.VICO Logistics' plan for connecting Vietnam with the world in the future 

4.1 VICO Logistics' expansion and development plan to meet increasing trade connectivity needs

VICO has expanded into neighboring countries such as Myanmar and Thailand to reinforce the transportation network in Southeast Asia. Furthermore, aiming to become the leading logistics company in Southeast Asia, VICO continuously enhances its aspects, including information technology, network system, product diversification, and collaborations with reputable international partners.

4.2 VICO Logistics' vision and goals in connecting Vietnam with the world

The goal is to become the leading logistics company in Southeast Asia by building stronger relationships with customers and partners and consistently improving service quality for clients.

4.3 Opportunities and challenges faced by VICO Logistics in the future

5.The mission of VICO Logistics in connecting Vietnam with the world through free trade agreements 

5.1 Summarizing VICO Logistics' mission and contribution in connecting Vietnam with the world

VICO Logistics will continue to pursue the mission of connecting Vietnam with the world by providing high-quality, low-risk, prompt, and effective services. VICO has and continues to contribute to Vietnam's international economic and trade development, aiding businesses in accessing new markets and benefiting from free trade agreements.

VICO Logistics tirelessly enhances its reputation and brand in the international import-export market, elevating Vietnam's economic image globally.

5.2 Learning more about VICO Logistics' services

With strengths in a diverse supply chain service range, VICO hopes to collaborate with customers in the near future to develop and penetrate new markets jointly, maximizing the benefits of free trade agreements.

In conclusion, the above article from VICO has provided a detailed understanding of free trade agreements and the benefits, opportunities, and challenges they bring to Vietnam's economy. VICO Logistics will continue to thrive with the mission of connecting Vietnamese businesses to the global market.
----

VICO LOGISTICS – Indochina Logistics Expert
​Premium member of Eurocham, JCtrans, Ziegler One, VLA, VCCI,... associations

Owned offices: Hong Kong (headquarter), China (Shenzhen, Shanghai), Vietnam (Ho Chi Minh, Da Nang, Hai Phong).
Follow us for more valuable information Youtube - Linkedin - Fanpage 
Book now: https://vico.com.hk/#quotation