CPTPP has really created a great driving force for Việt Nam's export growth in recent years, while also bringing prestige and great economic...

The image of Vietnamese brands, which is relatively modest in the CPTPP market, needs to be improved in a bid to tap the tremendous potential of this market, experts have advised.

The UK expects Vietnam to swiftly ratify the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement.

Minister of State Greg Hands of the UK Department for International Trade arrived in Hanoi on February 1 for high-level trade talks on how the UK joining of the CPTPP will boost the economic firepower of the world’s most dynamic trade bloc.

There is still a lot of untapped potential for Vietnamese businesses in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) three years after it went into effect.

The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnam ran up a trade deficit of US$1.8 billion with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) market in the first five months of 2022, reported the Ministry of Industry and Trade (MoIT).

Vietnam is eying great opportunities in exporting aquatic products to the Japanese market thanks to the high level of openness of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to insiders.

Several of Vietnam’s key export sectors have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.

With the new United States administration recently established, the US and Vietnam are expected to continue building bilateral trade and investment ties 

Apart from challenges, many opportunities will be offered to the Vietnamese economy in 2021, experts have said.

Dr Tran Thi Hong Minh, Director of the Central Institute for Economic Management, talks about Vietnam’s potential for economic development in 2021.

The National Centre for Socio-Economic Information and Forecasting (NCIF) has released a forecast on Vietnam’s economic performance in 2021, with GDP growth of 6.72 percent and CPI of 4.2 percent under an optimistic scenario.

Local businesses have effectively utilised a number of free trade agreements (FTAs) signed by the country, many of which can be considered to add fresh impetus to boosting exports moving into next year, according to insiders.

If RCEP economies can be united to have a common voice, they will be able to overcome protectionism and unilateralism to develop.

Vietnam moved up one spot to rank 12th out of 26 countries and territories in the 2020 Asia Power Index conducted by the Lowy Institute, an independent think-tank in Australia.

Vietnam is willing and ready to share its experience with the UK if the country wants to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Competition in Vietnam’s government procurement market is expected to heat up with the involvement of EU contractors, driven by the country’s highest-ever market-opening commitment in this field. 

Many foreign media outlets recently ran articles highlighting Vietnam’s achievements over the last 75 years and its stature in the international arena on the occasion of the country’s 75th National Day (September 2).