Vietnam continues bilateral talks with TPP partners
Vietnam is actively engaging in bilateral negotiations with the US and several other countries to ensure its key interests before entering the final ministerial meeting of the TPP trade deal.
Deputy Minister of Industry and Trade Tran Quoc Khanh, head of Vietnamese delegation at TPP talks (Photo: VNA)
Vietnam is actively engaging in bilateral negotiations with the US and several other countries to ensure its key interests before entering a ministerial meeting aimed at finalising the 12-nation Trans-Pacific Partnership (TPP) trade deal.
Deputy Minister of Industry and Trade Tran Quoc Khanh, who is also head of the Vietnamese delegation at the TPP negotiations, said at an interview on August 14 that after the recent ministerial talks in Hawaii ended without a final agreement, the nations are on intensive discussions in preparation for the final meeting.
However, the meeting is unlikely to take place in late August as the countries need more time to bilaterally deliberate problems left from the Hawaii talks, he said.
Personally, the official held that the next talks would be held no later than September, explaining that if the meeting is organised after the time, the US would fail to present the deal to its Parliament before the Presidential Election begins in 2016.
Khanh pinned high hope on the success of the final meeting, which he said is decisive to the TPP agreement.
Regarding the outcomes of the meeting in Hawaii in late July, he said ministers reached consensus on almost all issues ranging from investment and financial services to environment and State-own enterprises.
However, the negotiations could have to be prolonged due to disputes over cars, milk and intellectual property, according to the Deputy Minister.
Garment-textile was also among other matters that hindered the negotiators from reaching a final agreement as it is a both bilateral and multilateral issue that relates to many countries, he said. Once a multilateral consensus is reached, negotiations on it are considered to be concluded, he noted.-VNA
Minister of Industry and Trade Vu Huy Hoang is attending a meeting of Trans-Pacific Partnership (TPP) trade ministers, which kicked off in Hawaii, the US, on the morning of July 29 (Vietnam time).
Vietnam is the country likely to achieve the biggest gross domestic product (GDP) increase in percentage terms by joining the TTP and ASEAN Economic Community in almost all simulation scenarios.
Vietnam completed bilateral negotiations with its partners joining negotiations on the Trans-Pacific Partnership (TPP) agreement in the framework of their recent meeting in Hawaii, the US.
Visiting US Secretary of State John Kerry said he hopes that negotiations on the Trans-Pacific Partnership (TPP) Agreement will be concluded by the end of this year.
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.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.