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Vietnam prepares businesses for CPTPP related growth

At a conference co-hosted by Vietnam Chamber of Commerce and Industry (VCCI) and the Ministry of Industry and Trade on May 22, 2018 in Hanoi, fundamental commitments of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and recommendations for businesses took centre stage.

According to Quoc Khanh, Deputy Minister of Industry and Trade Tran, agreement will not only boost international trade and investment but also intra-bloc trade activities.

However, to utilise its complete benefits, Vietnamese businesses first enlighten themselves to avoid related risks.

According to Hoang Thai, Director, Ministry of Industry and Trade’s Multilateral Trade Policy Department, “the trade pact will help promote the Government’s reform progress as well as the image of Vietnam as a supporter of free trade in line with international law. It will provide a good opportunity for Vietnam to open more its market, intensify investment, step up international cooperation, general more jobs, and reduce poverty.”