As TPP signatories account for ~40 per cent of Vietnam's total exports, the agreement’s passage will accelerate its exports to member countries as well as increase its total exports by an estimated additional $68 billion by 2025.
The TPP will be yet another boost to Vietnam's manufacturing growth, according to Mr. Michael Sieburg, Associate Partner at Solidiance Vietnam.
Vietnam, the second-smallest economy among the TPP member countries after Brunei, is set to be a major beneficiary as the agreement will increase investment in its manufacturing sector, deepen the supply chain, and accelerate export growth.
Textile and apparel industries will continue to be a main driver of Vietnam’s economic growth in light of the agreement being signed.
Source: http://www.thailand-business-news.com
Keyword : TPP, to drive manufacturing growth, in Vietnam.
