Vietnam’s International Trade Performance

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Vietnam’s vertiginous economic growth since it started market reforms in the late 1980s has been driven by its external sector, as well as by high levels of FDI in export oriented sectors. Vietnam enjoys one of the highest trade propensity in the world and has strong complementarities with a number of large key markets. Its accession to the WTO and negotiation of a number of agreements within ASEAN and between ASEAN and other strategic regional partners have led to a more open trade regime with fewer restrictions in trade in services and investment. This article provides an insight into the areas where policy makers need to target their efforts in future trade agreements to better integrate Vietnam into virtuous levels of sustainable long-term growth.

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