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Enterprises urged to improve competitiveness ahead of AEC

by VTV412 December 2015 Last updated at 07:14 AM

VTV.vn - The ASEAN Community will be established on the final day of this year and its formation should provide ample opportunity for Vietnamese enterprises to expand their export markets in the region.

However, it will also mean Vietnamese firms will also face fiercer competition. Once tariff barriers are removed, enterprises will face fiercer competition from products from other ASEAN countries in both the domestic and regional market.

According to the General Statistics Office, Vietnam’s trade surplus is not significant compared to Cambodia, Indonesia, Myanmar and the Philippines. Meanwhile, the trade deficit is higher than Singapore and Thailand.

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