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 par💃tner ASEAN, while M𓄧exicois 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.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Vietnamese Ambassador Nguyen Hoai Duong (second from left) at the event (Photo: VNA) 
