Vietnam will revise some laws to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the drafts will be submitted to the National Assembly in May.
An electronic component factory of the Japanese-invested INOAC Vietnam JSC in Quang Minh Industrial Park of Hanoi (Photo: VNA)
Hanoi (VNA) – Vietnam will revise some laws toimplement the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP), and the drafts will be submitted to the National Assemblyin May.
The laws consist of the 2010 Law on Food Safety,the 2000 Law on Insurance Business, the 2010 law amending and supplementingsome articles of the Law on Insurance Business, and the 2005 Law onIntellectual Property.
The Ministry of Industry and Trade willcoordinate with the Ministry of Agriculture and Rural Development, the Ministryof Finance, the Ministry of Science and Technology, the Ministry of Justice andrelevant sectors to carry out the task.
The CPTPP, which came into force in Vietnam onJanuary 14, saw the participation of 11 member states, namely Australia,Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore,and Vietnam that altogether make up 13.4 percent of the global GDP.
The pact was signed in March 2018 and officiallytook effect on December 30 the same year in Mexico, Japan, Singapore, NewZealand, Canada, and Australia – the first six countries to ratify it.-VNA
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The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has recently taken effect in Vietnam, which will bring about both opportunities and challenges for many fields, including agriculture.
The domestic market is expected to see considerable changes in 2019 as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) became effective as from January 14, according to market watchers.
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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.
An electronic component factory of the Japanese-invested INOAC Vietnam JSC in Quang Minh Industrial Park of Hanoi (Photo: VNA) 
