RCEP is a free trade agreement between the ten ASEAN member countries and six partners of Australia, China, India, Japan, New Zealand and the Republic of Korea.
Compared to other deals, the RCEP has broader and deeper liberalisation commitments in the trade of goods, services and investment.
RCEP members make up 24 percent of global GDP and 28 percent of global trade, therefore, the deal is hoped to greatly benefit members, especially less developed countries.
According to experts, poor countries will enjoy more benefits from agreements with a high level of integration.
With less developed economies than others in RCEP, Vietnam and Cambodia are likely to benefit the most from the deal.
For Vietnam, RCEP is hoped to positively influence exports, investment attraction and economic growth.
To make full use of the deal, experts advise the Government to take stronger actions to reform institutions and improve the investment environment to ensure equality for all economic sectors.
It is also necessary to strengthen communications to help enterprises overcome challenges and choose good investments.
Meanwhile, they noted that production networks and value chains within the RCEP mostly depend on foreign-invested sectors and economic groups from large countries such as European countries, the US and Japan. Therefore, Vietnamese businesses should thoroughly understand partners dominating the chains to ensure success.
According to the World Trade Organization Centre under the Vietnam Chamber of Commerce and Industry, the 17th negotiation round of the RCEP took place in Kobe, Japan from late February to early March this year. Negotiations on the deal are projected to wrap up in November.
(Source: VNA)
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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