This should especially benefit key export products such as garments, footwear, timber and agricultural products and provide weaker exports a chance to penetrate foreign markets of other TPP members.
Currently, Vietnamese garments imported into the US are subject to tariffs ranging from 17% to 32%. The rates will be slashed to zero as soon as the TPP comes into effect, leading many economists to believe that Vietnamese exports could see exponential growth.
Dr Vo Tri Thanh, Vice Director of the Central Institute for Economic Management (CIEM) in turn said the TPP negotiations are of critically important to Vietnam as the trade pact not only opens the doors for goods and services, but spills over and effects non-commercial issues as well.
Participating in the “huge” playground the TPP creates also means opening broader doors in the domestic market and allowing foreign companies greater access, which puts domestic businesses under mounting pressure to survive fierce competition.
Speakers at the seminar cautioned that even products now considered strong exports may weaken when faced with tougher competition.
For example, to enjoy the benefits of reduced tariffs, the garment sector must comply with strict requirements on certificate of origin (C/O). Materials for garment production must be imported from other TPP member countries or produced domestically.
Tariffs are not a barrier for seafood products, however, quarantine measures will most certainly be more burdensome and rigid, they added.
Dr Tran Du Lich said that increasing the competitiveness of domestic businesses is of prime importance. He suggested the State should create an institutional and business environment where businesses promote the highest innovativeness and creativeness to that end.
The 12 TPP member economies now account for nearly 40% of the world’s population, produce over 50% of global GDP, and include some of the fastest growing countries in the world. They are currently speeding up the negotiation process, hoping to sign the trade pact late this year or early next year.
At the seminar, experts encouraged domestic businesses to devise and implement proper strategies for improving their competitiveness to best grasp the opportunities from the expanded global marketplace created by the TPP and the challenges of increased competition it brings.
(seafood.vasep.com.vn) The year 2025 marks the 30th anniversary of the normalization of diplomatic relations between Vietnam and the United States (1995–2025). In parallel with the nation's progress in international economic integration, bilateral seafood trade has followed a remarkably impressive growth trajectory, expanding from an initial scale of just tens of millions of US dollars to nearly $2 billion annually. This growth has positioned the United States as Vietnam’s largest seafood export market for many consecutive years.
(seafood.vasep.com.vn) On December 12, 2025, the Vietnam Association of Seafood Processing and Export (VASEP) issued document 231/CV-VASEP regarding strengthening measures to combat IUU fishing and working with the Government to lift the EC's IUU yellow card warning.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
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