HANOI, Nov. 28 (Xinhua) -- The National Assembly (NA) of Vietnam, the country's top legislature, approved a protocol on Vietnam's accession to the World Trade Organization, according to Vietnam News Agency on Tuesday.

    After the protocol's ratification, Vietnam, whose accession terms were approved by WTO's General Council on Nov. 7, will officially become the organization's 150th member in the next 30 days.

    During a NA session on Tuesday, Trade Minister Truong Dinh Tuyen, on behalf of the government, said after the accession, a number of Vietnamese enterprises can face difficulties, even bankruptcy, resulting in higher unemployment rate. Such effects, however, are partial and short-term, he stated.

    According to the trade minister, local industries to face biggest pressure include securities trading, banking, goods distribution and sea transport assistance. The agriculture will also encounter big competition pressure due to its small scale with low productivity. The garment and textile industry will benefit from the WTO entry, since its exports will be no longer subject to quota regimes.

    The protocol contains many commitments Vietnam has made in the fields of trade in goods and services, intellectual property and investment. The government will map out a specific action plan to take advantages of the WTO accession and minimize its negative effects.