Despite the headwinds of rampant trade protectionism, deglobalization and geopolitical tensions between Russia and Ukraine, the implementation of the Regional Comprehensive Economic Partnership (RCEP) has given a strong boost to trade between China and other RCEP members.

Vietnam is anticipated to enjoy the highest trade and income gains among members of Regional Comprehensive Economic Partnership (RCEP), according to a latest World Bank report.

A recent report from the World Bank offers a thorough analysis of how the RCEP can impact the economic atmosphere of its country members, including Vietnam. Here, Vietnam Briefing highlights the facts and statistics on why and how Vietnam, among other middle-income countries, could benefit the most from the RCEP.

Trade between China and members of the Regional Comprehensive Economic Partnership (RCEP) saw steady growth since the trade agreement took effect at the beginning of this year, official data showed Wednesday.

At the Nanning International Railway Port in south China's Guangxi Zhuang Autonomous Region, containers of mini tillers are loaded onto the China-Vietnam freight trains, ready for their cross-border journey.

With great opportunities and challenges from the Regional Comprehensive Economic Partnership, which has been in place for over three months, Vietnam has been taking drastic actions to protect local businesses and help them materialise windfalls from the deal.

The Regional Comprehensive Economic Partnership (RCEP) free trade deal and bilateral free trade agreements(FTAs) will bring a lot of benefits to Cambodia in the long term, Asian Development Bank (ADB) acting country director for Cambodia Anthony Gill said on Wednesday (April 6).

Singapore was the first country to ratify the Regional Comprehensive Economic Partnership (RCEP), the free trade agreement that includes the 10 ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and Australia, China, Japan, New Zealand, and the Republic of Korea.

Signs are already emerging that the Regional Comprehensive Economic Partnership, or RCEP, could expand beyond the one-third of the world it already covers.

The new and impactful Regional Comprehensive Economic Partnership will create new trade opportunities among Asian countries and accelerate the region’s economic recovery.