The 14th National Assembly (NA) voted to pass a resolution on the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and related documents during its ongoing sixth session on November 12, receiving approval from 100% of the NA deputies in attendance.
National Assembly deputies voted to pass the CPTPP at a meeting on Monday afternoon, making Việt Nam became the seventh country to approve the trade deal, following Australia, Japan, Mexico, Singapore, New Zealand and Canada. Economist Võ Trí Thành speaks about the impacts of the CPTPP on Việt Nam as well as the country’s integration landscape.
Human development is not determined by the mechanics of Darwinian evolution, wrote the French philosopher Henri Bergson, but by our own creative impulses.
Globalization is often thought of within a linear perspective of history, and that makes us think that everything in the past was worse than what we have now. This might be a misleading perspective because there was another successful globalization process before WWI. Having that perspective might help us as we look forward.
Since pulling out of the Trans-Pacific Partnership (TPP), a massive 12-country trade agreement, US President Donald Trump has engaged in bilateral trade talks with allies and competitors alike.
Owing to the slow and uneven recovery in the decade since the global financial crisis, a substantial part of society has become disaffected and embittered, not only with politics and politicians, but also with globalisation and the entire economic system it underpins. In an era of widespread insecurity and frustration, populism has become increasingly attractive as an alternative to the status quo.
Vietnam's seafood exporters are hoping the free trade agreement it is finalizing with the European Union will help it strongly boost seafood shipments to the bloc and help the country's products become more competitive there.
Vietnam does stand to gain from the ongoing U.S.-China trade spat, but daunting challenges remain, experts warn. There is “a wave” of companies shifting from China to Vietnam to avoid U.S. tariffs, said Mai Huu Tin, chairman of the U&I Investment Corporation.
Only 19 percent of Vietnamese firms in a survey feel the ongoing U.S.-China trade friction would hinder their business over the next three years.
The comprehensive strategic cooperative partnership between Vietnam and China has developed finely and reaped many encouraging achievements, with joint efforts of the two parties, governments and peoples, Prime Minister Nguyen Xuan Phuc has said.
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