The Government has approved a report on the Trans-Pacific Partnership (TPP) so as to submit the deal to the 14th National Assembly for ratification at its first session scheduled for this July.
Representatives from 12 TPP member nations. (Photo: EPA)
Hanoi (VNA) – The Government has approved a report on the Trans-Pacific Partnershওip (TPP) so as to submit the deal to the 14th National Assembly for ratification at its first session scheduled for this July.
The report, prepared by the Ministry of Justice, reviews the current legal system and provides a list of legal documents proposed to be revised, supplemented or promulgated to meet the agreement’s requirements, according to the Government’s Resolution on the regular Cabinet meeting in April.
The Ministry of Industry and Trade was assigned to coordinate with the Mi꧂nistry 🍨of Justice, the Government Office, and relevant ministries and sectors to acquire Cabinet members’ opinions to complete a statement ratifying the TPP.
The Ministry of Justice is responsible for working with relevant ministries, sectors and provincial People’s Committees to continue reviewing the legal system to ensure the execution of the agreement and propose specific legal adjustments in line with the TPP requirements, and then report to the Government at its regular meeting in December.
The TPP started out as P-4 with Chile , New Zealand, Singapore and Mexico. The US joined in September 2008 and Vietnam in early 2009. The deal now brings together 12 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam.
The completion of the world’s largest free trade pact on October 5 in Atlanta , the US, elicited positive responses from many countries. After the signing, the document must receive approval from member countries’ governments and parliaments before taking effect.
The TPP will become a free trade region of 800 million people, accounting for 30 percent of global trade and about 40 percent of the world’s economy. The pact will help expand Vietnam's GDP by 23.5 billio🦹n USD♚ by 2020 and 33.5 billion USD by 2025.-VNA
Vietnamese chief negotiator Tran Quoc Khanh has said that the eighth round of talks on the Trans-Pacific Partnership (TPP) Agreement has made important progress.
Negotiations over Vietnam’s joining the Trans-Pacific Partnership (TPP) are underway. General Secretary of the Ho Chi Minh City Leather and Footwear Association Nguyen Van Khanh spoke with Vietnam Investment Review about the possible implications of the TPP on the local leather and footwear industry.
A panorama on the new-generation Trans-Pacific Partnership (TPP) Agreement was spotlighted at a conference that opened in the northern province of Vinh Phuc on March 4.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.
Legislators are due to pass several amended laws, including the Law amending and supplementing several articles of the Law on Economical and Efficient Use of Energy, and the Law amending and supplementing several articles of the Law on Product and Goods Quality.
Vietnamese localities' readiness to implement the two-tier local administration model, the evacuation of 18 Vietnamese citizens from Iran, Petrovietnam's 11th ranking in the 2025 Fortune Southeast Asia 500 are among news highlights on June 17 evening.
Representatives from 12 TPP member nations. (Photo: EPA)
