(VOVworld)-The ASEAN Economic Community and free trade agreements have improved the competitiveness of Vietnam’s economy and businesses, said the Vice President of the Vietnam Chamber of Commerce and Industry, Hoang Quang Phong.

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Reviewing the first year since Vietnam joined the ASEAN Economic Community, Mr. Phong said international economic integration has pressured Vietnam to reform its legislation and improve its investment environment. The Director of the WTO and Integration Center, Nguyen Thi Thu Trang said that the removal of tariff barriers in 9 ASEAN markets over the past year have opened enormous opportunities for Vietnamese businesses.