Long An ranks 6th nationwide in FTA Index 2024

Long An ranks 6th nationwide in FTA Index 2024

According to the announcement, the highest ranked localities are: Ca Mau (34.90 points), Thanh Hoa (34.13 points), Binh Duong (34.02 points), Khanh Hoa (32.92 points), Tra Vinh (32.74 points). Long An ranked 6th with 32.50 points.

FTA is the first index to be deployed in Vietnam under the direction of the Prime Minister, aiming to measure the effectiveness of implementing Free Trade Agreements (FTA) at the local level.

This is a new, quantitative and systematic tool, built on a survey of actual businesses in all provinces and cities across the country.
The FTA Index is a composite score of four component indices on a 10-point scale and is aggregated into a 40-point scale.

Specifically, the four groups of criteria include the level of access to FTA information by enterprises; compliance with domestic laws from FTA commitments; effectiveness of policies and programs to support enterprises in taking advantage of FTA; and implementation of sustainable development commitments at the local level.

Long An's 6th place shows the efforts of the local government and business community in international economic integration, effectively exploiting the opportunities brought by FTA.

At the same time, this is also an important basis for the province to continue to improve policies to support businesses, improve competitiveness and attract investment.

The FTA Index is not only a monitoring and evaluation tool, but also a basis for localities and the central government to orient appropriate economic development strategies, improve integration efficiency and implement international commitments in a substantive and sustainable manner./

By Lê Đức – Translated by Liên Thanh

Source:https://baolongan.vn/long-an-xep-thu-6-toan-quoc-trong-bo-chi-so-fta-index-2024-a193138.html