The Vietnam Chamber of Commerce and Industry (VCCI) on April 7 held a workshop to review the two-year outcomes of Vietnam’s implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Hanoi (VNA) – The Vietnam Chamber of Commerce and Industry (VCCI) on April 7held a workshop to review the two-year outcomes of Vietnam’s implementation ofthe Comprehensive and Progressive Agreement for Trans-Pacific Partnership(CPTPP).
Thetrade pact was clinched in March 2018 by 11 countries, namely Australia,Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singaporeand Vietnam. It came into effect Vietnam in January 2019.
Participantheard that Vietnam’s exports to all members of the trade deal have been on therise, with an accumulated value amounting to 34.3 billion USD in 2019 and about34 billion USD in 2020, when the COVID-19 took its toll in the world.
Thevalue of shipments to the countries under the trade pact accounted for 12.02percent of Vietnam’s total export value in 2018. The proportion rose to 13percent in 2019 before returning back to 12.02 percent in 2020.
Footwear,garment-textile, wood and woodwork products recorded good growth over the reviewedyears.
However,the rate of taking advantage from CPTPP-related preferential tariff treatment stayedat 1.67 percent in 2019, well below Vietnam’s average rate of 37.2 percentposted in the year./.
The Embassy of Vietnam in Canada in coordination with the Canada-Vietnam Trade Council on December 3 held a webinar on “Vietnam – Canada Trade in CPTPP: Ways Forward and Recommendations for the Post-COVID Era”, bringing together about 70 delegates from both sides.
Vietnam boasts huge potential to increase shipments to Mexico, Peru and Chile – the three Latin American nations having high tariff-reduction commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Vietnam supports the UK in strengthening economic and trade relations with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and is willing to share information and experience in joining the pact with the UK, Foreign Ministry spokesperson Le Thi Thu Hang has said.
Vietnam and Canada have enjoyed robust trade ties thanks to opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that took effect in Vietnam from January 14, 2019, heard a conference held in Hanoi on March 23.
Preferential tariff treatment under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has brought in robust results to the trade in goods between Vietnam and Canada, according to insiders.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Illustrative photo (Source: VNA) 
