Impacts of Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Vietnam

Tóm tắt

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force on 14 January 2019 for Vietnam. Vietnam is the 7^th country approving CPTPP, which took effect for the first six other countries (Mexico, Japan, Singapore, New Zealand, Canada, and Australia) on 30 December 2018. The agreement creates a huge free economic region with a market scope of 500 million people and covers 13.5% of the global Gross Domestic Product (GDP). After the enactment of CPTPP, the Vietnamese economy will experience multi-dimensional impacts (both positive and negative). The visible negative impacts involve the legal and institutional environment, competition, commodity trade, banking and finance, and a liberalised public procurement market.