Active integration will boost corporate competitiveness, said Nguyen Quynh Nga, a member of Vietnam’s delegation negotiating the Trans-Pacific Partnership (TPP) deal.
Technicians maintain Business Class seats at AESC company in Quang Minh Industrial Zone in northern Vinh Phuc province. (Photo: VNA)
Hanoi (VNA) – Active integration will boost corporate competitiveness, said Nguyen ☂Quynh Nga, a member of Vietnam’s delegation negotiating the Trans-Pacific Partnership (TPP) deal, during a seminar c🌊oncerning corporate knowledge about the pact, which was held in Hanoi on January 29.
According to her, difficulties are inevitable at first, thus enterprises ought to design their integration moves carefully.
This deal and a range of new-generation free trade agreements (FTAs) will have a significant impact on the Vietnamese economy as a whole, stressed Vietnam Chamber of Commerce and Industry (VCCI) Chairman Vu Tien Loc.
He continued by saying that domestic enterprises have capitalised on only a fragment of the benefits brought about by FTAs, while the foreign-invested sector, especially manufacturing for export are earning the most advantages.
Nguyen Thi Thu Trang, Director of the World Trade Organisation and Integration Centre under the VCCI, noted updating information on when these pacts take effect and their road maps is key to whether a company succeeds or fails to integrate.
Businessmen need to ready themselves for relevant trade defence measures as well as quality and copyright regulations, among others, added Trang.
Dang Phuong Dung, Vice Chairwoman of the Vietnam Textile and Garment Association, said firms in her sector face obstacles in terms of materials and capital sources once the TPP agreement officially starts.
Central Institute for Economic Management expert Vo Tri Thanh took note of domestic companies’ confidence in their comparative advantages, which will help them overcome difficulties and gain footholds internationally.-VNA
Vietnam’s shrimp exports to the US in 2016 will rise thanks to positive results from the ninth administrative review (POR9) for anti-dumping duties on Vietnamese frozen shrimp and TPP signing.
Vietnam has seen a significantly growing inflow of investment from the US in the textile and garment sector in recent years, in anticipation of the potential from the Trans Pacific Partnership (TPP).
Vietnam is considered the country to reap the most benefit in apparel, footwear, agro-forestry and seafood exports from the Trans-Pacific Partnership (TPP) agreement.
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.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Technicians maintain Business Class seats at AESC company in Quang Minh Industrial Zone in northern Vinh Phuc province. (Photo: VNA)
