Vietnam is big winner of free trade dealsThe clinched free trade agreements (FTAs) has opened the door wider for Vietnamese goods to enter foreign markets, helping the country improve trade balance with its trade partners. The clinched free trade agreements (FTAs) has opened the door wider for Vietnamese goods to enter foreign markets. Before 2007, Vietnam was involved in only two free trade deals as member of the Association of Southeast Asian Nations (ASEAN): the ASEAN-China and the ASEAN- Republic of Korea (RoK) pacts. Particularly, in 2015, Vietnam concluded negotiations with the US in the Trans-Pacific Partnership, with the EU on the Vietnam-EU free trade agreement and with Russia on the Vietnam- Eurasia Economic Union free trade agreement. While Vietnam exported only 5.4 billion USD worth of products in 1995, it gained 48 billion USD from shipments in 2007 and the figure hit 213 billion USD in 2017.