Compatibility between Vietnam’s laws, TPP commitments reviewed
Representatives from ministries, sectors and legal experts gathered at a conference in Hanoi on October 27 to discuss the compatibility between domestic laws and the TPP.
Hanoi (VNA)✨ – Representatives from ministries, sectors and businesses associations as well as legal experts gathered at a conference in Hanoi on October 27 to discuss the compatibility between domestic laws and the country’s commitments under the Trans-Pacific Partnership regarding investment.
Nguyen Thi Thu Trang, Director of the World Trade Organisation and Integration Centre under the Vietnam Chamber of Commerce and Industry (VCCI), remarked that among new generation free trade agreements (FTA) that Vietnam has signed, the TPP and the Vietnam-EU FTA have the greatest influence on Vietnam’s institutions and laws, including policies in investment.
She said once the two deals take effect, TPP and EVFTA investment commitments, which are said to be at the highest level so far, will lead to considerable changes in investment policies in Vietnam .
The VCCI also reported that Vietnam ’s legal regulations are basically compatible with international commitments.
For a number of legal contents and law enforcement viewpoints that have yet to align with the commitments, it is necessary to collect ideas from ministries, sectors and trade associations in order to amend them in a way that ensures both compatibility with TPP commitments and balanced benefits for domestic and foreign investors.
Trang noted that Vietnam ’s laws, including the Law on Investment and Law on Enterprises have no regulations discriminating between domestic and foreign investors, except for a difference in investment procedure.
She added that domestic regulations on principles on market opening and barrier removal as well as requirements in operation and senior personnel are mostly compatible with TPP commitments.
However, the rules on transferring property abroad and procedures on consultation and mediation in case of disputes are not as specific as TPP commitments, she said.
Meanwhile, Pham Manh Dung, former head of the Ministry of Planning and Investment’s Legal Department, underscored the need to review regulations related to intellectual property.
The observance of intellectual property will help attract more FDI to Vietnam , he asserted, highlighting the need to complete legal system in the field.-VNA
Minister of Planning and Investment Nguyen Chi Dung has co-chaired an investment promotion conference in the US within the framework of his working visit to the country from September 6.
Local pharmaceutical companies should improve their competitive advantage before Vietnam signs the Trans-Pacific Partnership (TPP) Agreement in order to avoid losing their regional market share.
Phan Xuan Dung, Chairman of the National Assembly Committee for Science, Technology and Environment (NACSTE), talks to Vietnam Economic Times about the country’s science and technology level.
The Trans-Pacific Partnership (TPP) agreement, once approved by its member countries, is expected to benefit trade ties between Vietnam and Mexico thanks to tax preferences.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Illustrative image (Source: VNA)
