Speaking at a meeting titled "CPTPP: Opportunities and Challenges for Vietnam ", Pham Quynh Mai, deputy head of the Ministry of Industry and Trade (MoIT)’s Multilateral Trade Policy Department, said the CPTPP covers a market of nearly 500 million people and accounts for 13.5 percent of global GDP.
The CPTPP is a strategic free trade agreement (FTA) for Vietnam and its business community as the deal will create momentum for market opening, investment development and establishment of free trade relations with many new countries like Canada, Mexico and Peru, she said.
Therefore, the trade pact is expected to help Vietnam restructure its export-import market as well as reduce trade deficit and its dependence on traditional markets such as ASEAN, China and the Republic of Korea.
The CPTPP will also generate a driving force for the Vietnamese Government to speed up administrative reform, perfect legal-institutional frameworks and create a clearer and more transparent business and investment environment for enterprises, she added.
Tran Thi Thu Huyen, head of the Ministry of Finance’s International Cooperation Agency, said under the CPTPP average trade-weighted tariffs would drop from 1.7 percent to 0.2 percent for Vietnamese exporters.
Non-tariff measures are predicted to reduce by 3.6 percentage points in terms of tariff equivalence, she said.
As market access increases and tariff commitments take effect, sectors such as textiles, footwear, electronics, and equipment would have an opportunity to increase their exports to other member economies, she said.
Trinh Thi Thu Hien of the MoIT’s Export-Import Department said with strict rules of origin, Vietnam would have to develop supporting industries to benefit from the trade deal.
Tran Thi Thanh Thuy of the Multilateral Trade Policy Department said Việt Nam planned to improve the investment environment and protect intellectual property rights to attract investors.
Government institutions and administrative systems also needed to be reformed to take advantage of the CPTPP, she said.
Experts said the effort could be expensive in the short term, but in the long run would help Vietnamese companies take full advantage of such trade agreements.
It is also necessary for Vietnam to focus on small and medium-sized enterprises (SMEs) and reform State-owned companies.
SMEs account for a majority of the economy and labour market, and the Government should support them if it wants the SMEs to align themselves further with the global supply chains.
Vietnam is expected to fulfil its trade liberalisation commitments and ratify the CPTPP within this year.
The CPTPP would come into effect 60 days after at least six member countries ratify the trade pact.
The trade agreement was signed last March following a period of turbulence caused by the departure of the US.
It is designed as an open free trade agreement, enabling economies to join by accepting its standards and signing agreements with its member economies.
VNA
(seafood.vasep.com.vn) Da Nang City has fully implemented all recommendations from the European Commission (EC) regarding the fight against illegal, unreported and unregulated (IUU) fishing, creating an important foundation for the removal of the “yellow card” in the near future.
(seafood.vasep.com.vn) In Hoa Vang district (Da Nang City), red tilapia farming is demonstrating clear economic efficiency, becoming a promising livelihood that helps many households increase their income. A notable example is the model of Mr. Huynh Ngoc Nam, who operates two red tilapia ponds covering more than 4 hectares, generating stable annual income.
(seafood.vasep.com.vn) In Gia Vien district, tilapia farming—particularly the “duong nghiep” strain—is expanding rapidly and gradually becoming an efficient production model for local farmers. Hatcheries in the area are supplying high-quality, uniform, and disease-free fingerlings, meeting the growing demand for commercial farming.
(seafood.vasep.com.vn) On the afternoon of March 19, Vice Chairman of the Ca Mau Provincial People’s Committee, Le Van Su, chaired a meeting to address bottlenecks and propose solutions to expand the super-intensive whiteleg shrimp farming model using low water exchange and high biosecurity standards (RAS-IMTA).
(seafood.vasep.com.vn) On March 10, 2026, the Ho Chi Minh City People’s Committee issued Decision No. 1377/QD-UBND approving the Aquatic Animal Disease Prevention and Control Plan for the 2026–2030 period. The decision takes effect from the date of signing and replaces previous plans for the 2021–2030 period that had been issued prior to the administrative merger in Ba Ria – Vung Tau, Binh Duong, and Ho Chi Minh City.
(vasep.com.vn) In 2025, Chile imported more than USD 156 million worth of tuna, up 8.1% compared to the previous year and the highest level in the past five years. As the supply structure in this market is rapidly shifting, Vietnamese tuna is facing both opportunities to expand market share and increasing competitive pressure from Thailand, Colombia, and China.
(seafood.vasep.com.vn) Vinh Long Province is stepping up efforts to develop brackish water shrimp farming in a sustainable direction, identifying it as a key sector in its agricultural structure. In 2026, the province aims to reach around 71,300 hectares of shrimp farming, with an output of over 314,000 tons.
(seafood.vasep.com.vn) Ha Tinh Province is strengthening control over shrimp seed quality to minimize risks for the 2026 spring–summer farming season.
(seafood.vasep.com.vn) In February 2026, Vietnam’s pangasius exports reached USD 119 million, down slightly 5% year-on-year. However, thanks to strong performance in January, cumulative exports in the first two months of the year still reached USD 331 million, up 28% compared to the same period in 2025. Export activity slowed somewhat in February due to seasonal factors, particularly the Lunar New Year holiday, which disrupted production and shipments at many seafood processing enterprises.
(seafood.vasep.com.vn) Da Nang is accelerating the development of high-tech shrimp farming toward intensive production, disease control, and improved efficiency. Many shrimp farms have invested in automated environmental monitoring systems, continuously tracking indicators such as pH, dissolved oxygen, temperature, and salinity, enabling farmers to promptly adjust pond conditions and reduce disease risks.
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