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trading partners of the world, the tariff barriers
for imported goods from those countries will
be gradually abandoned, the final liberalization
schedule of some FTAs are getting close (ATIGA
2018, ACFTA 2020, andAKFTA 2021), theMinistry
of Finance, therefore, will allocate resources
to monitor, study and evaluate impacts of the
implementation of tariff reduction commitments
under FTAs on budget revenue, businesses and
key industries, from which to recommend timely
amendments of the related policies.
Sixthly,
strengthening communication and
policy dialogue, supporting local production
industries in tapping opportunities and handling
negative effects of the international economic
integration
Enhancing policy dialogues with international
partners/organizations, increase consensus from
the donors on policies of the financial sector and
the country, attract financing activities from the
donors.
Diversifying forms of information
dissemination, actively and regularly providing
information on commitments of Viet Nam in
the FTAs to increase awareness of business and
social communities, especially on opportunities
and benefits of the Agreements, rules of origins
for Viet Nam’s exports to enjoy tariff preferences,
customs reforms, etc.
References:
1. Goverment (2015), Resolution No. 22-NQ/TW dated May 13th 2014
promulgating the Government’s program of action to implement
Resolution No. 22-NQ/TW of April 10th 2013 of the Political Bureau of
the Communist Party of Vietnam Central Committee, on international
integration;
2. Ministry of Finance (2013), Circular No. 162/2013/TT-BTC dated
November 15th, 2013 on of concessional import tariff schedule of
Vietnam serving implementation the Vietnam – Chile free trade
agreement 2015-2018;
3. Ministry of Finance (2014), Series of Circular: Circular No. 165/2014/
TT-BTC, 166/2014/TT-BTC, 167/2014/TT-BTC, 168/2014/TT-BTC dated
November 14, 2014 on promulgation of concessional import tariff
schedule of Vietnam serving implementation of the ASEAN trade in
goods agreement 2015-2018;
4. Ministry of Finance (2015), Circular No. 201/2015/TT-BTC dated
December 16th 2015 on of concessional import tariff schedule of
Vietnam serving implementation the Vietnam – Korea free trade
agreement 2015-2018.
and participation in negotiations on import tariff,
financial services and other related areas within
the on-going and future FTAs.
The on-going FTAs will be further negotiated
during 2016, the Ministry of Finance, therefore,
will keep the active spirit in negotiation rounds
in order to construct reasonable steps, balancing
interests of Viet Nam and counterparts in RCEP,
EFTA, and ASEAN-Hong Kong FTA.
At present, some bilateral FTAs such as
Viet Nam-Israel and Viet Nam-Cuba are being
prepared for negotiation, thus the Ministry
of Finance is also making ready necessary
resource and cooperating with other Ministries,
Business Associations and provinces for active
involvement in their respective responsible fields,
contributing to broadening up the integration
picture of Viet Nam.
Fourthly,
boosting international and regional
financial cooperation; reviewing and assessing
relationships with bilateral and multilateral
counterparts, both in central and local
governments, corporate and private sector; linking
international cooperation with requirements of
reform and modernization of financial sector.
Defining financial – monetary information
exploitation mechanism through regional
financial cooperation channels (especially
AMRO) to serve the works of macroeconomic
policy formulation. At the same time, continuing
materialization of current initiatives in various
regional cooperation fora, collaborating with
fellow countries in development of cooperation
prioritieswhentheASEANEconomicCommunity
established (AEC 2015); concentrating resources
to deploy activities as preparation for APEC
2017 as a host.
Actively and enthusiastically mobilizing and
attracting and efficiently using external funding
sources, from the public finance partnership
group to promote the public financial reform,
financial sector modernization process, improving
financial institution, administrative procedural
reform and developing financial market and
financial services, etc.
Fifthly,
monitoring and evaluating integration
impacts for timely policy advice
Within the landscape that Viet Nam signed and
prepared for signing FTAs with almost all major
