Contrary to the “dismal” results seen in 2023, exports in January rose spectacularly, by 46 per cent against January last year. As export value increased more than import value, Vietnam’s trade surplus for the opening month of the year came in at $3.63 billion. With such impressive results, the country’s export growth target of 6 per cent for 2024 as a whole appears to be perfectly feasible. According to many trade experts, the space for export growth remains significant, because Vietnam has only taken advantage of about 30 per cent of the opportunities available from the FTAs it has signed. Therefore, businesses need to quickly grasp the opportunities and take advantage of incentives in the country’s FTAs to enjoy a host of benefits, from low tariffs and incentives from support mechanisms between signatories to the removal of non-tariff barriers. The Ministry of Industry and Trade will focus on effectively exploiting FTAs and signing and implementing new agreements to expand and diversify Vietnam’s markets, import and export items, and supply chains.