REVIEW
of
FINANCE -
Jan. 2018
9
technology and many other spheres.
In 2015, to deploy Directive no. 15/CT-TTg
dated 7
th
July 2015 of the Government’s Prime
Minister on continued implementation of the
Resolution no. 22/NQ-BCT, Viet Nam has been
active and enthusiastic in negotiations and
entering new free trade agreements with different
partners. By the end of 2015, Viet Nam signed 10
bilateral and multilateral Free Trade Agreements
(FTA), including ASEAN Free Trade Agreement
(AFTA), ASEAN-China (ACFTA), ASEAN-Korea
(AKFTA), ASEAN-Japan (AJCEP), Viet Nam-
Japan (VJEPA), ASEAN-Australia-New Zealand
(AANZFTA), ASEAN-India (AIFTA), Viet Nam-
Chile (VCFTA), Viet Nam-Korea (VKFTA) and
Viet Nam-Eurasia Economic Union (VN-EAEU
FTA) (VKFTA came into effects on 20th December
2015, VN-EAEU FTA is expected coming into
effects in 2016).
The two significant Agreements with EU and the
United States of America that have been recently
announced their conclusion including the Viet Nam
– EU FTA (on 2
nd
December 2015) and the Trans-
Pacific Partnership (on 5th October 2015). These are
new generation FTAs with broader commitment
coverage and in-depth commitment level. Beside
commitments on free trade on goods and services,
participatingcountrieshavealsocommittedonmany
other areas such as government procurement, labor,
environment, intellectual properties, state owned
enterprises, and investment, etc. The negotiation
conclusion of these Agreements has marked an
PROACTIVELY IMPLEMENTINGTHE INTEGRATION
COMMITMENTS IN FINANCIAL SECTOR
PHAM THI THUY HANG, PhD. *
Viet Nam has become a formal member of the WTO since 2007 after implementing major directives
and policies of the Party on international economic integration which has marked as an important
development step of the economy and has been considered as a trade leverage contributing to the yearly
increase in Viet Nam’s import-export value. Consequently, the surplus of trade balance was recorded for
the period of 2012-2014. Moreover, expanding export markets for domestic commodities, attracting
foreign investment, reforming investment environment and developing financial markets have been
successful outcomes of international integration.
Keywords: Free Trade Agreements, ASEAN Free Trade, ASEAN-China, ASEAN-Japan, Viet Nam-Japan
Received: September 3
rd
, 2017
Revised: September 10
th
, 2017
Accepted for publication: November 11
th
, 2017
T
he 11
th
National Congress of Viet Nam
Communist Party in January 2011 drew
out the Viet Nam’s external relation path
in new development era, of which included the
advocacy of “active and zealous international
integration”. On 10
th
April 2013, the Politbureau
promulgated the Resolution no. 22-NQ/TW on
international integration, which clearly defined
international integration would be intensively
and extensively implemented in different sectors,
especially the economic integration would have
to link to the requirements of growth model
reform and economy’s restructuring. This is
the most substantive Resolution, specified the
external affairs policies and the advocacy of
“active and zealous international integration”
aiming at successful execution of the Country’s
construction and protection tasks. To implement
the Resolution no. 22-NQ/TW, the Government
issued the Resolution no. 31/NQ-CP dated 13
th
May 2014 introducing the Government’s Action
Program with concrete objectives crossing areas
of the communication and comprehension of
the Resolution no. 22; enhanced institutional
formulation and improved international
integration capacity; actively and zealously
integrated into the world economy, politics,
national defense, security, culture, societies,
ethnics, education and training, science-
* Email:
