Trade ministers of TPP member states (Source: VNA)
Trade ministers of 12 Trans-Pacific Partnership (TPP) member states have reached the final consensus on the world’s largest free trade agreement.
Their meeting was scheduled for September 30 – October 1 but later extended to October 5, concluding their negotiation.
They settled differences on lifting technical barriers on automobile spare parts imported into North America, Canada and the US’s market opening for New Zealand dairy products and extended intellectual protection of new drugs.
The TPP represents about 40 percent of the global gross domestic product and a population of 800 million people. The deal must be officially signed by the participants and be approved by the legislature of each nation before taking effect.
Started out as P-4 by Chile, New Zealand, Singapore and Mexico, the TPP was joined by the US in September 2008 and Vietnam by early 2009.
The TPP countries are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam.-VNA
Trade ministers from 12 Trans-Pacific Partnership (TPP) member states convened a meeting in Atlanta, the US, on September 30 in an effort to resolve key issues of the world’s largest free trade deal.
Vietnamese shares on October 2 inched higher for a second day amid optimism for local car assemblers and car makers following progress made at the Trans-Pacific Partnership (TPP) meeting.
Trade ministers from Trans-Pacific Partnership (TPP) member countries reached consensus on a number of issues after their first day of sitting in Atlanta, Georgia, the US on October 1 (Hanoi time).
Trade ministers from Trans-Pacific Partnership (TPP) member countries attending the round of talks in Atlanta, Georgia, the US have decided to extend their negotiations to October 5 (US time).
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.
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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.
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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.
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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.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Trade ministers of TPP member states (Source: VNA)
