With 11 member countries, the CPTPP accounts for 13.4 percent of the global GDP and will be the third biggest economic bloc in the world, only after the North American Free Trade Agreement (NAFTA) and the European Union (EU).
In terms of commitment, the CPTPP has been evaluated by experts as the most forward-thinking and wide-ranging cooperation agreement at this time.
Le Dang Doanh, a member of the UN Committee for Development Policy, said the CPTPP is a new stride for Vietnam in international economic integration.
The participation in the deal will help Vietnam multilateralise its economic and trade relations, and avoid risks from being too dependent on several major markets.
Tran Quoc Khanh, Deputy Minister of Industry and Trade, said the CPTPP will create opportunities for wood and timber product exporters.
Vice Chairman of the Vietnam Leather, Footwear, and Handbag Association (LEFASO) Diep Thanh Kiet said the deal as well as as other new-generation free trade agreements not only create advantages in tariff preferences, but also greatly benefit the Vietnamese economy in general, and its leather and footwear industry in particular, by promoting institutional reforms to boost business development.
For their part, Vietnamese firms have been accelerating preparations to optimise opportunities to expand exports.
Tran Huu Phuoc, Finance Director of Tran Hiep Thanh Textile JSC, said his firm is building a garment-textile factory worth around 1 trillion VND (42.9 million USD).
Pham Xuan Hong, Chairman of the Ho Chi Minh City Association of Garments and Textiles, Embroidery, and Knitwear, said Vietnamese garment-textile products that meet CPTPP technical standards will enjoy zero percent tariff.
Businesses in the association are pushing ahead with human resources training and technological reforms to maximise on opportunities from the pact. They are also opening training courses for workers to better meet requirements on the quality of products in the upcoming orders, Hong added.
Nguyen Van Thoi , Chairman of TNG Investment and Trade JSC - the biggest garment-textile company in the northern province of Thai Nguyen – said that his firm started preparations to meet CPTPP standards five years ago, meaning it now stands ready to ensure the majority of the deal’s requirements.
The company also mapped out plans to shift to importing materials from intra-bloc countries and build its own material production plant instead of importing from countries that do not enjoy CPTPP incentives.
Alongside the business community, multiple localities have also made essential preparations to effectively implement the agreement.
Vice Chairman of the People’s Committee of northern Vinh Phuc province Le Duy Thanh said his province has built resolutions and put forth solutions to support businesses and create the optimal environment for businesses.
Nguyen Thi Thu Trang, Director of the WTO Integration Centre under the Vietnam Chamber of Commerce and Industry (VCCI), suggested the Government, ministries, localities, and business associations promote the provision of information on the CPTPP for businesses and individuals.
Businesses themselves should proactively seek information on commitments relevant to their sectors and most importantly focus on improving their competitiveness, she said.
Huynh Van Hanh, Vice Chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City, said that besides meeting requirements on the origin of products and social responsibility, businesses should also be ready for competition with foreign investors.
The Government is scheduled to promulgate an action programme for the smooth and effective enforcement of the deal.
Businesses should exert more efforts to turn challenges into motivations in reforming technologies, reducing production costs, and increasing the quality of products and their competitive edge, all as a means to expanding cooperation with foreign partners to get deeper involved in the global supply chain.
Earlier, the CPTPP officially came into force on December 30, 2018 in Mexico, Japan, Singapore, New Zealand, Canada, and Australia, the first six countries to ratify the pact.
The pact was signed by 11 member states, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam in March 2018.
VNA
(seafood.vasep.com.vn) Vietnam’s seafood exports in February 2026 reached approximately USD 707 million, up 8% compared to the same period last year. Cumulatively, exports in the first two months of 2026 totaled USD 1.7 billion, an increase of 20.2% year-on-year. The results show that the sector’s recovery momentum has remained relatively solid following strong growth in January, although the pace slowed noticeably in February for several key products and major markets. Within the overall picture, shrimp continues to be the largest pillar, pangasius rebounds strongly, while tuna exports and the U.S. and Korean markets are sending signals that warrant closer monitoring. In March, seafood exports are expected to gain additional momentum from markets other than the U.S., potentially supporting stronger growth.
(seafood.vasep.com.vn) In the first months of 2026, fishing activities in Quang Tri province recorded many positive signals, with output reaching over 15,941 tons. This result not only demonstrates fishermen’s efforts to stay offshore but also reflects the effectiveness of management and support measures implemented by local authorities.
(seafood.vasep.com.vn) In the first months of 2026, IUU prevention models focused on communication and mobilizing fishermen to comply with fisheries laws and avoid encroaching on foreign waters—related to combating illegal, unreported, and unregulated (IUU) fishing—have been implemented in coastal localities of Lam Dong province and have delivered initial positive results.
(seafood.vasep.com.vn) The sharp rise in raw pangasius prices to record levels is sending positive signals for the industry, but experts warn of potential supply–demand imbalances if production is not tightly controlled.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, the country’s total canned tuna export value in 2025 reached over USD 275 million, down 8% compared to 2024. Vietnamese canned tuna products were present in approximately 80 markets worldwide. However, the 2025 picture shows clear divergence: the U.S. maintained stability, the EU declined sharply, while several Middle East–North Africa (MENA) markets accelerated.
(seafood.vasep.com.vn) In 2025, Vietnam’s crab exports reached nearly USD 86 million, up almost 6% compared to 2024. A notable feature of 2025 was the strong market concentration in the United States, which accounted for more than 81% of Vietnam’s total crab export value, up 10% from the previous year. In contrast, exports to several Asian markets declined significantly, resulting in only modest overall growth for the year.
(seafood.vasep.com.vn) In 2025, Vietnam’s tilapia exports recorded impressive growth, with total export turnover reaching over USD 99 million, highlighting the increasingly important role of this product in the country’s seafood export structure. Of this total, tilapia fillets and other fish meat products accounted for USD 61 million, representing 61% of total export value and reaffirming their position as the key product category.
(seafood.vasep.com.vn) Shrimp seed quality is considered the “first link” and a decisive factor affecting the efficiency of the entire commercial shrimp production chain. High-quality seed directly influences survival rates, growth performance, and disease resistance, thereby determining production costs, productivity, and farmers’ profitability.
(seafood.vasep.com.vn) As part of its agricultural restructuring strategy toward sustainability, Quang Tri Province is gradually promoting environmentally friendly aquaculture models. Among these, organic-oriented golden pompano farming is considered a promising direction, aligned with the goals of enhancing production value and building sustainable rural areas.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
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