CPTPP presents new trade opportunities to Vietnam, Mexico: Insiders
Vietnamese and Mexican enterprises should take full advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to promote bilateral trade and investment, according to insiders.
Vietnamese Ambassador Nguyen Hoai Duong (second from left) at the event (Photo: VNA)
Mexico City (VNA) - Vietnamese and Mexican enterprises should takefull advantage of the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) to promote bilateral trade and investment, according toinsiders.
New trade opportunities between the two countries and mechanisms to identifynew chances for new products were discussed at a video conference held by theMexican Business Council for Foreign Trade (COMCE) and the Vietnamese Embassyin Mexico’s trade office on October 7.
Vietnamese Ambassador Nguyen Hoai Duong emphasised the complementary nature ofthe two economies, affirming that the CPTPP, which provides an array of tariffpreferences, will help create a favourable environment for both sides topromote trade, economic, and investment relations.
Meanwhile, President of the Asia-Pacific Directorate at COMCE Sergio Ley said companiesshould build a joint export platform based on the thriving bilateral relationsand geographical strengths of Vietnam in Asia and Mexico in America.
Defining common opportunities, particularly within the framework of the CPTPP,is important to diversify trade partners, he said, affirming that Mexico alwayssees Vietnam as a prioritised trade peer.
For her part, Undersecretary for Foreign Trade at Mexico’s Ministry of EconomyLuz Mara de la Mora hopes that trade will be intensified between private enterpriseson both sides.
Mexico is an important market for Vietnamese electronic products and seafood,while in turn having a good chance of selling food, automobiles and spareparts, and mechanical products to the Southeast Asian country.
On the occasion,COMCE, with support from the Vietnamese Embassy, launched the website //sites.google.cm/comce/org/mx/comce-moit,containing updated policy and market information for both Vietnamese andMexican enterprises.
🍰 Vietnam is currently Mexico’s third-most important partner ASEAN, while Mexicois Vietnam’s second-most significant market in Latin America and the Caribbean.Two-way trade reached over 6 billion USD in 2019, up 97.7 times against 2001./.
The friendship and cooperation between Vietnam and Mexico have been continually developing since the two countries established diplomatic ties on May 19, 1975.
Deputy Minister of Foreign Affairs Bui Thanh Son held an online discussion with his Mexican counterpart Julio Ventura on July 17 to determine how best to enhance multi-faceted cooperation between Vietnam and Mexico.
The Embassy of Vietnam in Mexico has organised an event marking the 75th National Day (September 2), with the participation of the Vietnamese community in the country.
Hoang Binh Quan, member of the Party Central Committee (PCC) and head of its Commission for External Relations, held online talks with General Secretary of Mexico’s Labour Party (PT) Alberto Anaya on September 18, seeking ways to maintain and enhance the traditional and friendly relationship between the two Parties and peoples amid COVID-19.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Vietnamese Ambassador Nguyen Hoai Duong (second from left) at the event (Photo: VNA) 
