CPTPP

Update news CPTPP

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 slips into US$1.8 bln trade deficit with CPTPP market

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).

CPTPP prompts Vietnam’s aquatic exports to Japan

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.

Key export sectors the target of M&As by foreign investors

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.

Fresh dawn kindles for US-Vietnam relationship

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

Opportunities forecast for Vietnam’s economy in 2021: experts

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

Vietnam continues to move forward in 2021

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

2021 GDP to grow 6.72 pct. in optimistic scenario: NCIF

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.

FTAs set to continue representing driving force for exports next year

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.

RCEP opens up 2.2 billion consumer market, limits protectionism

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

Vietnam moves up in Asia Power Index

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 ready to share experience to help UK join CPTPP

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).

EU competition in redrawn public procurement landscape

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. 

Foreign media applaud Vietnam’s 75-year successes

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).

New-generation FTAs to provide fresh impetus for industries amid COVID-19

Despite several industries being hard hit by the negative impact of COVID-19 epidemic, the agricultural sector is anticipated to enjoy a rebound thanks to export opportunities brought about by new-generation free trade agreements (FTAs).

Trade kickstart with distinctive solutions

Vietnam is boosting its diplomatic activities in hope of attracting more investment and expanding its trade in the global market, with many of the country’s major partners about to open their doors to the world again.

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.