Long An ranked 6th nationwide in the FTA Index 2024.

According to the results of the 2024 Free Trade Agreement Implementation Performance Index (FTA Index) announced by the Ministry of Industry and Trade on the afternoon of April 8th, Long An province ranked 6th out of 63 provinces and cities nationwide.

Long An ranked 6th.

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), and Long An ranked 6th with 32.50 points.

The FTA Index is a set of indicators, first implemented in Vietnam under the direction of the Prime Minister , to measure the effectiveness of the implementation of Free Trade Agreements (FTAs) at the local level.

This is a new, quantitative, and systematic tool, built upon surveys of businesses in all provinces and cities nationwide.

The FTA Index is a composite score of four component indices on a 10-point scale, resulting in a total score of 40.

Specifically, the four groups of criteria include: the level of access to FTA information by businesses; the situation of compliance with domestic laws resulting from FTA commitments; the effectiveness of policies and programs supporting businesses in leveraging FTAs; and the implementation of sustainable development commitments at the local level.

Long An's ranking of 6th in the list demonstrates the efforts of the local government and business community in international economic integration and effectively exploiting the opportunities offered by FTAs.

At the same time, this is also an important basis for the province to continue improving policies to support businesses, enhance 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, enhance the effectiveness of integration, and implement international commitments in a substantive and sustainable manner.

Le Duc

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