Khanh Hoa ranks 4th in FTA index

On April 8, Prime Minister Pham Minh Chinh attended the release ceremony for the results of Free Trade Agreement Implementation Index (FTA Index) 2024 organized by the Ministry of Industry and Trade in Hanoi and connected virtually nationwide. Also present at the event was Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son.

Virtually present at the ceremony in Khanh Hoa Province were Nguyen Tan Tuan, Deputy Secretary of Khanh Hoa Provincial Party Committee, Chairman of the Provincial People’s Committee, Secretary of the Party Committee of Provincial People’s Committee; Le Huu Hoang, Member of Khanh Hoa Provincial Standing Party Committee, Standing Vice-Chairman of Khanh Hoa Provincial People’s Committee; and leaders of local departments and agencies.

Provincial leaders at the virtual meeting in Khanh Hoa.

The FTA Index is built based on a survey of businesses in 63 provinces and cities across the country. The index for assessing the implementation results of Free Trade Agreements in localities (FTA Index) is a new tool that provides a transparent database for the Government, as well as central and local agencies in directing and supervising economic integration efforts; assessing FTA implementation; and serving as a basis for planning policies and development strategies adapting  to conditions and potential of each locality.

The leader of Khanh Hoa Department of Industry and Trade (third from left) recieves a certificate of merit from the Ministry of Industry and Trade.

The FTA Index is based on 4 main components, including FTA information dissemination; implementation of legal regulations on FTAs; FTA-related support policies for businesses; and the implementation of commitments on sustainable development in localities.

Ranking the 4th in FTA index nationwide (32.92 scores), Khanh Hoa is also the province with the highest score in the component index of implementing implementation of legal regulations on FTAs.

H.D

Translated by N.T