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Canada is now a promising market for Vietnamese goods as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to open up this market for Vietnamese goods, heard a workshop in Hanoi on April 25.

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Vietnam’s exports to a number of countries have increased strongly in the first months of this year thanks to the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), despite the sluggishness in the global trade.

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Vietnamese enterprises need to take advantage of tariff reductions under the CPTPP to increase exports to Australia.

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Vietnamese exporters are eyeing Canada as ripe for profits thanks to the CPTPP.

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Considered as one of the greatest beneficiaries when the CPTPP comes into effect, Vietnam’s garment sector will be able to take advantage of tax preferences if it meets the trade pact’s rules of origin.

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The Ministry of Industry and Trade (MoIT) is working to align Vietnam’s legal regulations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – a deal experts see as hugely important to the country.

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Viet Nam’s exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) were expected to increase strongly through now to 2030, reaching 25 per cent of the country’s total exports, according to the Ministry of Industry and Trade (MoIT).

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Amid enforcement of landmark free trade agreements, Vietnam’s Ministry of Health has made significant legislative changes.

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Countries joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are potential markets for Vietnamese wood firms, said Nguyen Ton Quyen, Vice Chairman of the Vietnam Timber and Forest Products Association.

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