Several factors support US to renegotiate CPTPP

Several factors support US to renegotiate CPTPP

Many people are concerned whether the US will return to renegotiate its terms for rejoining the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP). However, some people strongly believe that the return of the US seems inevitable.

Concerns over renegotiation of Trans Pacific Partnership

Concerns over renegotiation of Trans Pacific Partnership

There are still several concerns over whether the United States of America will return to negotiate and rejoin the Comprehensive Progressive Agreement for Trans Pacific Partnership (CPTPP) in the near future. Speaking with Saigon Investment, Asso.Prof.Dr. VO DAI LUOC, Director of the Vietnam Asia Pacific Economic Center, shared many of his views on this issue. 
Fresh fruits are checked for residues of plant protection drugs and traced their origin before being exported. (Photo: SGGP)

Opportunities to increase agricultural exports to nearby markets

With the signing of the Regional Comprehensive Economic Partnership (RCEP), member countries in the region, like Vietnam, will have more convenient transportation. The RCEP is expected to increase the export value of Vietnam's agriculture, especially fresh fruits and vegetables, thanks to the reduction in storage and logistics costs.
Export opportunities for Vietnamese processed foods increase

Export opportunities for Vietnamese processed foods increase

Mr. Do Thang Hai, Deputy Minister of the Ministry of Industry and Trade (MoIT), said that although the Covid-19 pandemic was complicated, the export turnover of agricultural, aquatic, and seafood products in 2020 still increased by 1.6 percent year-on-year, exceeding US$30 billion, at the Vietnam International Food Industry Exhibition 2020 (Foodexpo 2020) organized by the Department of Trade Promotion under the MoIT on December 9.
Margrethe Maersk is one of the world's largest container ships with a deadweight of above 214,121 tons. (Photo: SGGP)

Cai Mep International Terminal receives ultra-large container ship

A ceremony to welcome the arrival of Margrethe Maersk, one of the largest container ships in the world, was held at Cai Mep International Terminal (CMIT) - a joint venture between Vietnam Maritime Corporation, Saigon Port, and APM Terminals - in Phu My Town in Ba Ria - Vung Tau Province in the morning of October 26.
Production at a company in Ho Chi Minh City. (Photo: SGGP)

Vietnam’s economy – bright spot amid Covid-19 pandemic

Despite the disruption of supply chains, Vietnam's gross domestic product (GDP) still rose by 3.68 percent in the first quarter. In the second quarter, the economy nosedived with the growth rate merely at 0.39 percent. In the third quarter, GDP growth recovered to 2.62 percent, sending the three-quarter growth rate to 2.12 percent.
The steel industry accounts for 80 percent of trade remedy cases. (Photo: SGGP)

Safeguard measures narrow VN's steel export market

Along with several free trade agreements that have been signed, countries in the world have also increased the technical barriers and safeguard measures to protect domestic production. This has caused many Vietnamese enterprises to face the risk of losing the export market if they do not prepare carefully before joining the market.
The departure lobby at the Haneda International Airport of Japan (Photo: AP)

Japan likely to re-open borders to entrepreneurs from Australia, Vietnam

Japan is considering re-opening its borders to entrepreneurs from selected countries, including Australia and Vietnam, which have low levels of COVID-19 infections, as the nation begins to ease restrictions put in place earlier this year to control the outbreaks, according to Australian Associated Press (AAP).

Export growth rate not as high as expected after CPTPP takes effect for one year

Export growth rate not as high as expected after CPTPP takes effect for one year

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) between Vietnam and the first six countries which took effect since December 30, 2018, is considered as a big opportunity to boost export volume and create conditions for enterprises to develop production and trade but the result after a year of implementation remains extremely modest.