Vietnamese exporters are eyeing Canada as ripe for profits thanks to the CPTPP.

Considered as one of the greatest beneficiaries when the CPTPP comes into effect, Vietnam’s garment sector will be able to take advantage of tax preferences if it meets the trade pact’s rules of origin.

The Ministry of Industry and Trade (MoIT) is working to align Vietnam’s legal regulations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – a deal experts see as hugely important to the country.

Viet Nam’s exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) were expected to increase strongly through now to 2030, reaching 25 per cent of the country’s total exports, according to the Ministry of Industry and Trade (MoIT).

Amid enforcement of landmark free trade agreements, Vietnam’s Ministry of Health has made significant legislative changes.

Countries joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are potential markets for Vietnamese wood firms, said Nguyen Ton Quyen, Vice Chairman of the Vietnam Timber and Forest Products Association.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect in Vietnam in January this year. Lam Thi Quynh Anh, division head under the Office of the Inter-agency Steering Committee for International Economic Integration, writes about the CPTPP’s numerous impacts on the country’s economy, including its support for Vietnam to expand trade and attract more investment.

Upon the entry into force of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, great opportunities for Vietnam will usher in export and import market expansion, as well as an ease in rule of origin. VIR delves into the potential bonanzas deriving from the deal’s member markets.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will bring more opportunities than challenges to businesses, so they should swiftly make use of this deal to promote export, heard a workshop in Ho Chi Minh City on March 26.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help Vietnam continue speeding up its reforms in order to tap opportunities and deal with challenges from the deal.