Vietnam 

MoIT considers safeguard measures for apparel sector under CPTPP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers iron clothes at Garment 10 Corporation. The MoIT is drafting a circular on safeguard measures for textile and apparel products under CPTPP. — VNA/VNS Photo Trần Việt HÀ NỘI — The Ministry of Industry and Trade (MoIT) is drafting a circular providing guidance for the application of safeguard measures for textile and apparel products under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). CPTPP is the first “new-generation” free trade agreement (FTA) that Việt Nam has signed. It officially took effect on January 14 this year. With 11 member countries and high tariff reduction…

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Vietnam 

CPTPP opens up opportunities for VN’s agricultural products – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Minister of Industry and Trade Trần Tuấn Anh speaks at the conference. VNS Photo Phương Thảo HÀ NỘI — The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening up many opportunities for Việt Nam’s agricultural products to reach global markets. However, agricultural products are the most vulnerable commodity when it comes to trade disputes. Therefore, it was necessary to disseminate information on commitments in the CPTPP and implement a comprehensive and timely action plan to ensure long-term benefits for people, businesses and consumers, Minister of Industry and…

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Vietnam 

CPTPP gives Vietnamese firms a chance to invest in Canada – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Panellists at the workshop. Vietnamese businesses are being offered the opportunity to increase trade and investment ties with Canada through CPTPP. — Photo thesaigontimes.vn HÀ NỘI – Vietnamese enterprises are being encouraged to tap into business opportunities in Canada as the nation actively calls for foreign investment in the wake of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially coming into effect. In the workshop “Business opportunity with Canada through CPTPP” on Friday in HCM City, chairman of Canada Trade Link Bryon Wilfert said Canada wanted…

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Vietnam 

PM slashes import/export tariffs under CPTPP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Tariffs on imported products including fruit and frozen foods from six member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be reduced to zero backdated to January 14 this year to 2022.— Photo vneconomy.vn HÀ NỘI — Tariffs on imported products including fruit and frozen foods from six member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be reduced to zero backdated to January 14 this year to 2022. This is part of the Decree No. 57/2019 signed recently by Prime Minister Nguyễn Xuân Phúc, promulgating Việt Nam’s…

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Vietnam 

Vietnamese firms urged to make use of CPTPP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Garment and leather shoe firms have taken advantages of certificate of origin in the CPTPP. — Photo tin nhanhchungkhoan.vn HÀ NỘI — Preferential export taxes offered by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are expected to be promulgated this month. However, the tax reduction is only one of the incentives for Vietnamese goods when entering markets, not a ‘lifesaver’ for businesses, said the Ministry of Industry and Trade (MoIT). The Ministry of Finance (MoF) submitted a decree on preferential export tariffs and special preferential import tariffs of…

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Vietnam 

Customs sector focuses on CPTPP implementation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customs officials in the northern city of Hải Phòng. — VNA/VNS Photo Hoàng Hùng HÀ NỘI — Việt Nam’s customs sector will help businesses carry out procedures while implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said a leader of General Department of Vietnam Customs. Speaking at a workshop in HCM City yesterday, General Director of Vietnam Customs Nguyễn Dương Thái said the sector would reform administrative procedures, modernise customs, improve the business environment and enhance national competitiveness. Thái said the Ministry of Finance had recently…

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Vietnam 

Việt Nam seafood exports to CPTPP member countries up 15 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A tra fish farm in Đồng Tháp Province. Vietnamese seafood firms have begun to capitalise on opportunities brought about by the CPTPP, boosting export to member countries. — VNA/VNS photo HCM CITY — Việt Nam’s seafood exports to the other 10 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have increased sharply since the agreement took effect earlier this year, according to the Ministry of Agriculture and Rural Development. According to the ministry’s Agro Processing and Market Development Authority, they grew at nearly 15 per cent…

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Vietnam 

Firms need to be proactive to take advantage of CPTPP: official – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Factory workers produce shirts. The garment and textile industry has welcomed foreign investment but has not yet adapted to the new business climate under CPTPP. — Photo congluan.vn HÀ NỘI — Whether businesses are proactive in implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be essential in determining their success or failure, Deputy Minister of Industry and Trade (MoIT) Trần Quốc Khánh told a symposium in Hà Nội on Thursday. Khánh cited self-reform as the biggest challenge to enterprises, saying they should be aware of remaining competitive in…

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Vietnam 

CPTPP smooths path to Canadian market for Vietnamese goods – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers process seafood products for export at Bình Định Fishery Joint Stock Company in the central province of Bình Định. The company majors in exporting seafood to European countries, the US and Canada. VNA/VNS Photo  Quang Quyết HÀ NỘI — Canada had become a promising market for Vietnamese goods following the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), heard a workshop in Hà Nội on Thursday. The CPTPP, which took effect in Việt Nam on January 14, includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Việt Nam that…

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Vietnam 

Bình Dương, Đồng Nai expect higher growth in wood products with CPTPP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Wood processing in Bình Dương Province. – VNA Photo Thanh Vũ   BÌNH DƯƠNG – Bình Dương and Đồng Nai provinces, which have the highest export growth rate and number of businesses in the wooden products sector, are poised to take advantage of the benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The province has around 1,215 wood processing businesses, with 905 of them domestic firms with VNĐ10.8 trillion (US$469.6 million) of registered funds, and 310 foreign companies with a total of US$2.3 billion, according to Bình Dương’s Department…

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