Garments and textile, one of Vietnam's hard currency earners, is likely to benefit much from the AEC

(VOVworld) - The ASEAN Economic Community (AEC) will strive towards zero percent of trade tariffs this year, opening opportunities for Vietnamese exports. They will enjoy better regulations in trade and investment to participate in regional supply chain.

Lawyer Truong Thanh Duc from the Legal Banking Club says small and medium sized enterprises should be given better credit schemes to boost exports in the ASEAN.

He noted: “it’s far more challenging to compete in the ASEAN in comparison to domestic competition. The government should support incentive credits programs by involving more commercial banks in fueling credit growth for businesses.”