Vietnam, although a relatively young and small nation, has successfully established trade relations with dozens of countries worldwide. This is especially evident in the number of free trade agreements (FTAs) that the country has signed and is participating in. Being part of the Association of Southeast Asian Nations (ASEAN), economic opportunities for Vietnam expands beyond bilateral trade agreements, with specific countries in order to include multilateral trade agreements via the ASEAN Free Trade Area (AFTA).
Eurasian Economic Union: Vietnam–Eurasian Economic Union Free Trade Agreement (VN-EAEU FTA), signed 29 May, 2015; came into effect on 5 October, 2016.[11]
Regional Comprehensive Economic Partnership (RCEP) (including Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam), signed 15 November, 2020; came into effect on 1 January, 2022.[14]