CPTPP

Update news CPTPP

Export offensive gains shape as lockdowns ease around the world

Vietnam’s export s are expected to bounce back as many partners are gradually exiting lockdown, in addition to the positive effects of free trade agreements.

WB: EVFTA could lift Vietnam’s exports by 12 percent by 2030

The World Bank (WB) has predicted that the EU-Vietnam Free Trade Agreement (EVFTA) could help Vietnam’s GDP and exports grow 2.4 percent and 12 percent, respectively, by 2030, the Ministry of Industry and Trade (MoIT) has reported.

Commitment level of tariffs in new-generation FTAs comes under scrutiny

Up to 99% of tariff lines with partner countries are poised to be eliminated over the course of the 10-year roadmap set out in new-generation trade pacts 

Trade defence instruments important to Vietnam’s open economy

Strengthening the application of trade defence instruments would be necessary for Vietnam, which was among countries with the highest economic openness level, according to the Ministry of Industry and Trade.

 

COVID-19 presents opportunities to attract more FDI

The COVID-19 pandemic has had a serious impact on Vietnam’s economy but it’s also believed to create the conditions to attract more FDI as there have been signs of a switch in capital flows away from China and to ASEAN member countries.

Pandemic presents opportunity for Vietnamese enterprise restructuring

The fact that nearly 35,000 enterprises have now withdrawn from the market three months after the COVID-19 outbreak first appeared in Vietnam reveals the huge impact it has had on business and production.

Vietnam gains higher exports to Canada, Mexico partly due to CPTPP

Vietnam has taken full advantage of the CPTPP to gain strong growth in exports to Canada and Mexico, according to the Ministry of Industry and Trade (MoIT).

Covid-19 crisis leads to opportunity to expand markets

2020 is a special year for Vietnam because of the 4.0 industry revolution and Covid-19 outbreak.

VN businesses keen to remove hurdles amid COVID-19 epidemic

Management agencies have put in place drastic steps in a bid to support businesses as they actively seek out sources of raw materials to be used in production whilst boosting trade promotion activities.

Vietnamese, Canadian deputy foreign ministers hold phone talks

At the request of Canada, Permanent Deputy Foreign Minister Bui Thanh Son has spoken over the phone with Canadian Deputy Foreign Minister Marta Morgan to discuss bilateral relations and share experience in COVID-19 prevention and control.

Electronics producers face material shortage amid COVID-19 outbreak

Some large electronics manufacturers in Vietnam are feeling the punch from the COVID-19 outbreak as material imports and finished product exports have been affected by tighter border control.

VN investment inflow below expectations after CPTPP

A year since the CPTPP came into force, trade between Viet Nam and other members of the trade deal had posted significant gains, but the potential to expand remained large, according to the Ministry of Industry and Trade.

 

Evaluating first year of CPTPP in action

The landmark Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been in force for more than a year now, influencing the trade activities of member economies. 

Launching a fruitful and bright decade

The year 2020 is expected to bring about both opportunities and challenges for Vietnam to soar higher. 

Garment and textile exports likely to reach US$42 billion in 2020: SSI

Export turnover within the textile and apparel sector is forecast to reach up to US$42 billion in 2020, representing an increase of 7.7 per cent compared to the figures from 2019, according to SSI Securities Corporation.

Vietnam - ideal shelter for foreign investors amid US-China trade war

Vietnam is a good destination for foreign investors as they relocate production bases out of China to reduce operation costs.

National Assembly strives to implement institutional reform

Implementing institutional reform is a crucial and challenging task of the National Assembly, especially in the context of the country's rapid development and deeper economic integration, according to NA Chairwoman Nguyen Thi Kim Ngan.

CPTPP not proving a hit across the board

Vietnam has been unable to gain export growth to all CPTPP member countries, according to the Ministry of Industry and Trade.

Pushing forward with reform is essential for Vietnam to buttress growth: HSBC

HSBC expected Vietnam’s economic outlook to remain positive and GDP to grow 6.6% in 2020.

Vietnam allows Japan to open consulate general in Da Nang

Vietnam has approved Japan’s proposal to open a consular general in the central city of Da Nang, the biggest city in Central Vietnam, after a meeting between the countries’ top diplomats this week.