Vietnam’s exports to CPTPP countries up 38.7% in January- August period
Vietnam's export value to Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member countries increased by 38.7% to 41 billion USD over the first eight months of 2022, the Government's report shows.
Hanoi (VNA) - Vietnam's export value to Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) member countriesincreased by 38.7% to 41 billion USD over the first eight months of 2022, the Government'sreport shows.
The Southeast Asian nation spent 35 billion USD on imports from CPTPP nations, theVGP cited the report released by the Government on the implementation of theCPTPP, during the January-August period.
With the above figures, Vietnam enjoyed a trade surplus of 6 billion USD.
Remarkably, Vietnam's exports to Canada and Mexico grew by 32% and 9.2% to 4.5billion USD and 3.2 billion USD, respectively.
CPTPP, a new-generation trade pact, was signed by 11 countries, namelyAustralia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,Singapore, and Vietnam in Santiago, Chile on March 8, 2018.
Eight months later, Vietnam ratified the trade deal that took effect on January14, 2019./.
With the COVID-19 pandemic restrictions eased, the granting of visas should be made more convenient and quick to boost cultural and people-to-people exchanges and enhance friendship between Vietnam and Canada, Ambassador to the country Pham Cao Phong told an event on October 3.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will come into force for Malaysia on November 29 this year, Senior Minister of International Trade and Industry Mohamed Azmin Ali has said.
A Vietnamese delegation led by Deputy Minister of Industry and Trade Tran Quoc Khanh attended the 6th meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Commission hosted by Singapore on October 8.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
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.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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.
Illustrative image (Source: VGP) 
