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The Vietnamese Ambassador to the WTO and the members of the Vietnamese delegation, as well as the WTO Secretariat will attend the ceremony.

“There will be no party as WTO admitted Vietnam already on November 7, 2006, but there will be champagne to mark the historical milestone for Vietnam,” said Le Quang Xuan, Head of the Vietnam Delegation in Geneva.

A big bandrolle with words congratulating as an official member of the WTO is hanging up against the wall of the WTO building in Geneva, which has never been seen in WTO history. Vietnamese officials and passing foreigners all try to take pictures with the bandrolle.

Right after becoming a full member of the WTO, a lot of commitments has made for joining the WTO will become effective. According to the Ministry of Finance, 1,812 categories of taxes will be reduced by 30-40% on average.

The products that have high tariffs of over 30% and will see the tax reduction as of January 11 are: textile and apparel products (63%), footwear (20%), flowers and ornamental trees (25%), several kinds of vegetables (40%), vegetable oil (20-40%), cosmetics of different kinds (20-40%), home used plastics (20%), confectionaries (20-30%), processed meat (20%), paper products (10-20%), the products relating to electrical equipments (20%), and some other kinds of groceries (20-25%).

The Ministry of Trade has completed the plan on the policies will follow in the WTO period in order to ensure the sustainable economic growth rate in the new era.