2022 would remain to be a favorable year for trade, especially as enterprises have improved their resilience and several economic sectors continue to benefit from CPTPP, EVFTA, and RCEP.

Assuming Vietnam keeps the current pace of trading growth, the turnover could set a new record and exceed the $700-billion mark in 2022.

The domestic sector has been a key contribution to the country’s trade surplus of $1.39 billion during the first month of the year.

Both countries have huge potential for cooperation in various fields, especially in trade and investment.

The EVFTA since its inception on August 1, 2020, has contributed to raising bilateral trade turnover to $57 billion in 2021.