The Comprehensive and Progressive Agreement for Trans-Pacific Partnership will be the basis on international economic and trade commitments for Vietnamese enterprises.
The National Assembly, the Government and the offices still have a lot
of work to do to put the Trans-Pacific Partnership (TPP) agreement into
practice, a Government official has said.
Vietnamese and Australian businesses explored trade and investment
opportunities that will be d by the Trans-Pacific Partnership
(TPP) Agreement during a forum held in Sydney on Monday.
Prime Minister Nguyen Tan Dung asked Government agencies and local
authorities to step up efforts to implement strategic breakthroughs
focused in the establishment of a robust market economy.
The Viet Nam National Textile and Garment Group (Vinatex) will invest
most of its capital in material production projects in a move to reduce
dependence on imports.
The domestic garment and textile industry aims to reach a localisation
rate of 60 per cent by 2015 to increase profits and competitiveness, and
reduce the need for the imports of raw materials, according to the vice
president of the Viet Nam National...
The garment sector exported accessories for the first time last year,
after decades of importing accessories as inputs, according to the Viet
Nam Garment and Textile Group (Vinatex).
Viet Nam''s exports in 2014 are predicted to increase 10 per cent to
US$145 billion thanks to an expansion into new markets and greater
opportunities from new trade deals.
The Cuu Long (Mekong) Delta plays a very important role in the country''s
economy, as it produces a high volume of agricultural products consumed
domestically and abroad.
With the signing of the Trans-Pacific Partnership (TPP) Agreement, Viet
Nam will become an attractive destination for foreign investors as it
boasts an abundant, young and skilled workforce.
The Trans-Pacific Partnership (TPP) agreement, once realised, will help
push forward Vietnam''s market reform, modernisation and integration,
said participants at a July 17 seminar on the TPP''s impacts.