Vietnam’s fishery sector will gain advantages and export opportunities once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA) take effect.

Labor costs in Vietnam are expected to be higher after commitments in the CPTPP (the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) trade agreement are implemented, experts say.

FIEs have organized production according to the OBM mode, in which they undertake all important phases of the production chain, from design and production to distribution. 

VietNamNet Bridge - With protectionism pursued by the Trump administration, Vietnam’s exports, especially seafood and steel, to the US will face challenges in the time to come.

The current two-way trade turnover between Vietnam and most of the CPTPP member countries is $1 billion or more.

Economists are optimistic about foreign investment in Vietnam, both foreign direct investment (FDI) and foreign portfolio investment (FPI), in 2018 and upcoming years. 

VietNamNet Bridge - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help Vietnam boost exports of seafood and farm produce.

The newly inked Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to greatly help its member countries, especially  in the context of the spread of protectionism.

With Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Vietnam will miss many benefits it once expected to get.

Analysts believe that Vietnam will still get big benefits once the CPTPP  is implemented, though they would be smaller compared to the benefits it expected from TPP.