A preferential trade agreement (PTA) is a trade agreement between two or more countries that reduces or eliminates certain trade barriers to encourage trade between them. Vietnam has been a prominent player in the global trade arena and has entered into several PTAs over the years.

Vietnam has signed many PTAs in the past few years, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the EU-Vietnam Free Trade Agreement, and the Regional Comprehensive Economic Partnership. These agreements have allowed Vietnam to expand its globally integrated economy and increase its exports, which have been instrumental in helping the country achieve its economic growth targets.

One of Vietnam`s oldest and most significant PTAs is the ASEAN Free Trade Area (AFTA), which was established in 1992. AFTA aims to create a free trade area among the ten ASEAN member states by reducing tariffs on goods traded among them. Vietnam is one of the founding members of the ASEAN community and is a significant beneficiary of AFTA.

Besides AFTA, Vietnam has also signed PTAs with numerous countries, including Japan, South Korea, Australia, and New Zealand. The PTAs have helped to increase market access for Vietnamese goods and services, as well as investment opportunities for foreign investors in Vietnam.

The PTAs have also helped Vietnam to diversify its trade partners, reducing dependence on any particular country or region. This has also allowed Vietnam to reduce its trade deficit by increasing exports to countries with which it has an agreement.

One of the most significant PTAs that Vietnam signed recently was the EU-Vietnam Free Trade Agreement. This agreement has opened up new opportunities for Vietnam to export goods and services to the EU, which is one of the world`s largest markets. The agreement has also helped to improve the investment climate in Vietnam, attracting more foreign investors to the country.

Overall, Vietnam`s PTAs have helped to create a competitive business environment in the country. They have opened up new opportunities for Vietnamese businesses, improved market access for Vietnamese goods and services, and enhanced Vietnam`s competitiveness in the global marketplace. PTAs have been instrumental in driving Vietnam`s economic growth, and the country will continue to prioritize them as it seeks to achieve its development goals.