Tel Aviv, Nov. 22 -- Two-way trade between Vietnam and Israel could soon exceed 4 billion USD if businesses from both sides fully leverage tariff preferences under the Vietnam-Israel Free Trade Agreement (VIFTA), according to Le Thai Hoa, Vietnamese Trade Counsellor in Israel.

Speaking with Vietnam News Agency correspondents in Tel Aviv on the first anniversary of VIFTA, Hoa suggested the two countries' enterprises enhance market surveys, participate in trade fairs, strengthen direct links and meet Israel's updated technical standards aligned with EU and US regulations.

He said VIFTA has delivered positive outcomes in its first year, especially in improving market access for both sides. Israel removed more than 66% of tariff lines immed...