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.

Vietnam’s joining of free trade agreements (FTAs) is quite suitable in the context of trade globalization. However, to promote the efficiency of boosting exports, a concerted policy system is needed to help businesses successfully take advantage of benefits brought by the FTAs, according to insiders.

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Vietnam’s shrimp exports are expected to increase to more than 4 billion USD in 2019 thanks to free trade agreements, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam has appeared as an attractive destination for global property investors thanks to the government’s more tolerance in housing ownership, favorable policies including recently significant investment in smart cities, and geographic advantages.

CPTPP brings opportunities, challenges to Vietnam’s agriculture

Vietnam has become one of the key growth markets for Bosch in Southeast Asia over its ten years in the country and Mr. Guru Mallikarjuna, Managing Director of Bosch Vietnam, believes the EU-Vietnam Free Trade Agreement (EVFTA) will present significant advantages and benefits to both European and Vietnamese enterprises, workers, and consumers once it takes effect in the near future.

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Trade volume between Turkey and the United States may reach $75 billion through a free trade agreement and the removal of regulations and tariffs, the chairman of the American-Turkish Council has said, stressing that the bilateral potential has never been realized.

Vietnam will remain an attractive investment destination in 2019, though impacts of the US-China trade tension that triggered a downturn in global stock markets in 2018 will not end soon, said Managing Director and Chief Investment Officer of VinaCapital Andy Ho.