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./.
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Illustrative image (Source: VGP) 
