IMPACTS OF FREE TRADE AGREEMENTS ON VIETNAM

Up to May in 2024, how many bilateral and multilateral  FTAs that Vietnam has signed, implemented and under negotiation? 

• 19

• 18

• 17

• 16

When did Vietnam become a member of the WTO?

• 2005

• 2006

• 2007

• 2008

The EVFTA is the FTA between?

• Estonia and Vietnam

• 1. EU and Vietnam

• 1. EU and Venda

• Ewe and Venda

What is the main purpose of FTAs?

• strengthen the domestic economy

• 1. create employment due to the increase in trade flows between the participating countriesBoth A&B are correct

• 1. Both A&B are correct

• 1. Both A&B are wrong

How can free trade agreements negatively impact the environment?     

•  Reducing pollution levels

• Encouraging resource overexploitation   

•  Promoting sustainable development    

•  Decreasing industrial production

Which of the following is a major challenge that domestic enterprises in Vietnam face as a result of FTA?

• Lack of government support for domestic companies

• Competition with FDI enterprises that have superior financial resources and technology

•  Inability to export products to international markets

• Increased tariffs on imported raw materials

What economic risk does Vietnam face during global market downturns due to its FTA participation?

•  Increased domestic production

• Reduced demand for its exports

• Higher import tariffs

• Growth in trade surplus

According to the EVFTA Agreement, Vietnam commits to eliminate what percentage of import tariff lines from the EU within 10 years?

• 98%

•  99%

• 97%

• 96%