It is forecast wood and timber products will benefit much from the deal as most CPTPP member countries have committed to removing tariffs on Vietnamese wood and timber products immediately after the agreement takes effect.
Nguyen Ton Quyen, Vice President of the Vietnam Timber and Forest Product Association (VIFORES), said the CPTPP will generate more opportunities than challenges for the industry.
Apart from big traditional markets like Japan, New Zealand, Australia and Singapore, Vietnam’s wood sector has widened its reach to new markets such as Canada, Peru and Chile.
Under the CPTPP, many export and import tariff lines on timber products will drop to zero, helping reduce product prices and improve the competitiveness of Vietnamese timber products, he explained.
More importantly, Quyen said, wood processing firms have pinned high hopes on the pact as wood processing equipment will also enjoy zero percent tariffs.
Besides, the CPTPP will help lure more foreign direct investment (FDI) to the domestic wood industry, which traditionally flowed from China, he said, adding that Japanese enterprises have begun to seek opportunities in the country.
Once the deal becomes effective, Vietnamese seafood enterprises will also find it easier to expand export, especially to new markets like Canada, Peru and Mexico.
In tuna exports, for example, Vietnam currently competes with major producers Thailand and China. However, neither of them are CPTPP members, enabling Vietnamese tuna to enjoy more tax incentives in markets within the pact.
The country’s shrimp exports are also expected to benefit from the fact that India, a leading shrimp exporter, is not a CPTPP member.
However, some sectors such as husbandry are forecast to face fierce competition in the domestic market since breeding products from big markets like Canada and Australia will flood Vietnam after the deal comes into force.
Given this, Hoang Thanh Van, head of the Department of Animal Husbandry under the Ministry of Agriculture and Rural Development, suggested the sector innovate and focus on advantageous products.
Local firms should change their management methods and use the reduction of tariffs on husbandry equipment to cut production costs, he said.
According to Nguyen Do Anh Tuan, Director of the Institute of Policy and Strategy for Agriculture and Rural Development, participating countries will cut tariffs but will also raise non-tariff barriers and tighten controls, the largest challenge for Vietnam’s agricultural exports.
To access and dominate big markets like Japan and Australia, Vietnamese major exports such as rice, coffee, pepper, cashew nuts and seafood need to surpass technical barriers and satisfy food safety and hygiene requirements, he said.
Experts also stressed the need for Vietnam to step up trade and investment promotion with partners from the CPTPP members to form global value chains.
Agencies should review vulnerable sectors like husbandry and sugarcane cultivation to set forth supportive policies, helping farmers cut production cost and improve product quality and competitiveness, while minimising losses from competition.
Tuan said standards regarding technique quality and product origins must be the top priorities of the Vietnamese agricultural sector.
It is necessary for businesses to improve their protection capacity in the context of competition with imported products, by intensifying production connectivity, building domestic distribution networks and using the State’s incentive policies.
The 14th National Assembly passed a resolution approving the CPTPP and related documents on November 12 as part of the legislature’s sixth session.
The CPTPP was signed by 11 member states, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam in March 2018.
It is one of the most comprehensive trade deals ever concluded and strips 98 percent of tariffs for the 11 countries with a combined GDP of more than 13.8 trillion USD and close to 500 million consumers.
The pact will be provisionally enacted 60 days after it is ratified by six countries.
As such, the CPTPP is hoped to take effect in December 2018, as so far Mexico, Japan, Singapore, New Zealand, Australia and Canada have ratified the deal.
VNA
(vasep.com.vn) After three days at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City, the Vietnam International Fisheries Exhibition – VIETFISH 2026 – has successfully concluded, leaving a strong impression in terms of scale, visitor numbers, the quality of business connections, and innovative activities. With more than 14,000 m² of exhibition space, 335 companies, 568 booths, participation from representatives of 17 countries and territories, and nearly 15,000 visitors, VIETFISH 2026 has once again affirmed its role as an important meeting point for Vietnam’s and the global seafood industry.
(seafood.vasep.com.vn) Held as part of Vietfish 2026 from August 19–21 at SECC in Ho Chi Minh City, a series of five specialized seminars provided the seafood business community with updates on markets, technology, standards, human resources and cooperation opportunities. With the participation of experts, international organizations, government agencies and businesses from Vietnam and abroad, the seminars created an additional platform for professional exchange alongside the exhibition’s product showcases and business networking activities.
(seafood.vasep.com.vn) On the morning of August 19, 2026, the Vietnam International Seafood Exhibition – VIETFISH 2026 officially opened at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. With 568 booths representing 335 companies, alongside the presence of senior government officials, local authorities, diplomatic missions and international partners, VIETFISH 2026 kicks off three days of business networking, technology exchange and market engagement under the overarching theme “Innovation and Sustainability.”
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(seafood.vasep.com.vn) Marking 27 years of supporting Vietnam’s seafood industry, the Vietnam International Seafood Exhibition (VIETFISH 2026) will officially return from August 19–21, 2026, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City, on its largest scale ever. Under the core theme “Innovation – Sustainability,” the event promises to provide a comprehensive picture of the transformation of Vietnam’s seafood industry toward greater value addition and sustainable development.
(seafood.vasep.com.vn) With less than three weeks remaining, the Vietnam Fisheries International Exhibition – Vietfish 2026 will officially take place from August 19–21, 2026, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Under the theme "Innovation – Sustainability," Vietfish 2026 will provide a comprehensive networking platform for seafood businesses, buyers, distributors, industry experts, government agencies, and domestic and international visitors.
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(seafood.vasep.com.vn) Market fluctuations, rising production costs, and increasingly stringent requirements from export markets are placing growing pressure on the shrimp industry. In response, Vinh Long Province is promoting high-tech shrimp farming integrated with production–consumption value chains to improve efficiency, reduce risks, and enhance the industry's value.
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