|Two-way trade between Vietnam and ASEAN soared to USD 29.1 billion in 2021 from USD 9.3 billion in 2010__Photo: VNA
A business information portal at https://business.gov.vn and the ASEAN Access portal at https://aseanaccess.com were introduced with the aim of supporting enterprises in accessing market information at a workshop on the ASEAN market in Ho Chi Minh City on December 8.
Sita Zimpel, Project Director at the German Corporation for International Cooperation (GIZ) who is responsible for developing these two portals, said that the ASEAN market still has a lot of untapped potential, especially under the ASEAN Trade in Services Agreement (ATISA). These two portals are the main platforms for businesses to access reliable market information, form networks, and share experiences with the business community, especially small- and medium-sized enterprises in ASEAN.
The workshop was jointly held by the Agency for Enterprise Development under the Ministry of Planning and Investment and the German Corporation for International Cooperation (GIZ).
Delegates discussed new opportunities from the ASEAN Economic Community (AEC) as well as related FTAs such as the ASEAN Comprehensive Investment Agreement (ACIA), the ASEAN Trade in Goods Agreement (ATIGA) and ATISA.
Nguyen Duc Trung, Deputy Director of the Agency for Enterprise Development, said that economic integration in general and ASEAN cooperation in particular have brought about a lot of economic development opportunities.
In the first two months of 2023, Vietnam’s total export turnover to ASEAN reached USD 2.85 billion. Exports to Thailand reached USD 654.2 million, USD 441.7 million to Malaysia, more than USD 430 million to Cambodia and Indonesia each, USD 408 million to the Philippines, USD 387.1 million to Singapore, USD 45.3 million to Laos, and USD 4.32 million to Brunei.
However, the achieved results did not fully reflect the potential for trade among ASEAN countries. Meanwhile, Vietnamese small-and medium-sized enterprises still face many challenges in taking advantage of these opportunities, he said, adding that supporting them to make the most of digital platforms as well as market search skills through networks within the ASEAN region is essential.- (VNA/VLLF)