Vietnam reaffirms support for WTO in multilateral trade system

Vietnam maintains its firm support for the central role of the World Trade Organization (WTO) within the multilateral trading system, according to Ambassador Mai Phan Dung, head of Vietnam’s permanent mission to the UN and WTO in Geneva.

Ahead of the country’s third trade policy review, the Ambassador outlined three primary objectives for Vietnam. First, the nation intends to pursue deep, proactive, and substantive international economic integration. Having been a WTO member for two decades, Vietnam aims to move beyond merely expanding trade relations to improving the quality of its integration and the effectiveness of its commitment fulfillment.

Second, Vietnam plans to accelerate institutional reforms to enhance its investment environment. Key priorities include increasing policy transparency, simplifying administrative procedures, and promoting digital transformation and innovation to strengthen domestic enterprise competitiveness and integration into global value chains.

Third, Vietnam seeks to contribute more actively to the development of international trade rules and cooperation frameworks, ensuring full compliance with existing commitments while participating in discussions regarding multilateral issues.