Transcript Directions of international economic integration for Viet Nam and the

General orientation of international
economic integration
Lương Hoàng Thái, Director
Department for Multilateral Trade Policy
Ministry of Industry and Trade
Y
CONTENTS
The process of international economic integration of
Vietnam during the period 1995 - 2012
The impact of the process of international economic integration on
the economic- social aspects
The strategy of international economic integration from
2013 - 2020
Advantages and challenge in the new international
economic integration trend
What should be done to integrate international economic
efficiently?
International economic integration process of Vietnam
FTA VN-Chi le
Negotiation for TTP
VN-Nga,
BL
Signed FTA Việt Nam –
Japan FTA
Joined in WTO
Joined in APEC
Signed China treaty
VN-EU
Joined in ASEAN
2000
2008
2006
2010
2011
1995
2002
1998
2007
2009
EFTA
Viet-My BTA
Signed ASEANKorea TA
VNKorea
Signed ASEANJapan treaty
Signed ASEANAutralia & NZ
Signed ASEAN-India
REGIONAL LINKAGE TREND OF VIỆT NAM
Việt Nam – EU, Russia,
EFTA, TPP, Mercosure
ASEAN +3
AEC
Việt Nam
EAS
The impact of the international economic
integration over time
Positive

Promoting Export

Attracting foreign investment;

Economic growth and employment;
Development of education, culture
and society;

Changing the legal system more
clearly transparent;


Restructuring the economy;
Deeper integration into the regional
and global economy;

Improving the position of Vietnam in
the international market, promote
relationships with key partners;


Increase in per capita income.
Negative
Imports surged;
Greater competitive pressure from
foreign companies, resulting in many
domestic industries affected by the
impact of market opening (iron and
steel, vegetable oil, agricultural
commodities, service industries, etc.
...);
Policy
adjustments
space
is
narrowed;
Budget revenue from import tariffs
were reduced;
Farmers hurt from commitment to
open markets in the agricultural
sector;
Increase the gap between the rich
and the poor;
Environmental Pollution.
Strategic Orientation for international
economic integration from 2013 – 2020
• Mounting economic roadmap for international integration of Vietnam
with the implementation process of the socio-economic development
strategy 2011-2020 in general and the integration roadmap in
particular;
• Continue to support the multilateral trading system in general and to
actively participate in the Doha Round of WTO negotiations, as well
as the continued Multilateral negotiations in particular;
• Fully implement the participation strategy for free trade agreement
(FTA) by 2020. Actively participate in FTA selectively to protect and
promote the interests of the economy. Ensure the level of integration
of FTAs to be higher and deeper significantly compared to the
WTO integration.
Strategic Orientation for international
economic integration from 2013 – 2020
(continued)
• Strengthen the economic integration within ASEAN to build an
ASEAN Economic Community, to promote ASEAN's central role in
the process of regional economic integration, and create additional
support for the multilateral and bilateral framework to ensure
maximum economic benefit..
• Continue implementing and coordinating implementation seriously
and effectively the international commitments on trade and
investment, especially the commitments in the WTO, ASEAN,
ASEAN + and other bilateral commitments.
The challenge for the new
international economic integration
trend,
• Tariff reductions: Elimination of the majority, or even 100% of
tariff lines, tariff is eliminated immediately when the agreement
takes effect with a very high rate.
• SPS measures, TBT: Tightening requirements and sanitary
technical barriers, enhance transparency
• Investment and Services: negotiation to open market using
approach of investor selection to enhance investor protection
through the establishment of the new requirements (such as:
minimum treatment standards, moving forward policies and so
on ...); apply the dispute resolution mechanism between the
government and investors at large scope (that includes preestablishment phase)..
The challenge for the new international
economic integration trend
• Intellectual Property Rights: Increase the level of protection of
intellectual property rights is much higher than in the WTO
(WTO + +).
• Government Procurement: Enhance competitiveness, open
market for the public procurement
• The labor and environment issues : the right to freedom of
association (union) collective negotiation rights of workers,
regulations on prohibition of using all forms of forced labor,
child labor, non-discrimination in the labor force, environmental
protection associated with trade and investment.
• State-owned enterprises (SOEs): transparency of transactions
of state enterprises, not favor state-owned enterprises affect
ing to the private enterprises, etc. ...…
Advantages in the international economic
integration

Expand the market access of the WTO members through the
cuts, elimination of tariffs and non-tariff barriers of the
developed and developing members (except RAM and LDC)
when Doha round ends;

Reduce export costs, facilitate trade (Trade facilitation
agreement in the WTO in Bali recently approved in December
2013);

Promote more exports to major markets such as the EU, U.S.
and other TPP members, EFTA countries, South Korea, Russia,
Canada Kazakhstan, Belarus due to the deeper elimination of
tariffs than tariffs in the WTO;;
Advantages in the international economic
integration (2)

Attracting more foreign investment as we committed to a more
stable, airy and predictable investment environment. Foreign
investors are protected by the international commitments on
investment (provisions on investment protection, mechanisms
and ISDS conditions);

Economic growth and employment;

Development of education, culture and society;

Changing the legal system clearly more transparent;

Restructuring the economy;

Deeper integration into the regional and global economy

Improving the position of Vietnam in the international market,
promote relationships with key partners.
What should be done?
To have effective economic integration ?
 Reforming, restructuring particularly important areas such as
agriculture, finance and banking, public spending, state-owned
enterprises .
 Improving transparency in the operation of state management
agencies, high transparency, administrative reform, predictable,
eliminating
 Building capacity, providing technical assistance to businesses,
trade associations, local officials of international economic
integration at local .
 Consultation, providing information, improving access to
businesses and associations to serve negotiation ;
 Reviewing legal the relevant documents relevant and amending
those to ensure domestic demand management and integration;
 To propagating, disseminating and raising awareness of the
people, businesses, organizations and individuals of the WTO
rules , the new FTA .
Thank you for attention !
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