VOV.VN - Local businesses have been advised to boost their internal strengths and take full advantage of opportunities presented by newly-signed free trade agreements (FTAs) in order to successfully meet the export target of US$300 billion for this year, according to insiders.

The National Assembly (NA) Standing Committee convened its 49th session in Hanoi on October 12 afternoon to prepare contents to be submitted to the NA’s 10th session.

The National Assembly Standing Committee’s supervision delegation in charge of the implementation of free trade agreements (FTAs) to which Vietnam is a member held a working session with the Government, ministries and agencies in Hanoi on September 23.

A shortage of raw materials remained an obstacle that needed to be removed if Vietnamese textiles and garment enterprises want to seize export opportunities in the European Union (EU) under the EU-Vietnam Free Trade Agreement (EVFTA), according to experts.

Free trade agreements (FTAs) that Vietnam has signed with its partners have been an important factor attracting foreign investments to the country.

Experts believe Vietnam this year will reach its export target for timber and wooden products at US$12 billion, despite the impact of the COVID-19 pandemic.

VOV.VN - Vietnam's seafood exports look poised to bounce back in the third and fourth quarters and are likely to hit between US$8.26 billion and US$8.3 billion over the course of the year, according to the Association of Seafood Exporters and Producers.