Vietnam’s core interests still ensured with CTPPP membership
Vietnam’s core interests will still be ensured after the country joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Deputy Prime Minister and Foreign Minister Pham Binh Minh told the National Assembly on November 5.
Vietnam’s core interests will still be ensured after the country joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).(Source: VNA)
Hanoi (VNA) –Vietnam’s core interests will still be ensured after the country joins theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), DeputyPrime Minister and Foreign Minister Pham Binh Minh told the National Assemblyon November 5.
The Deputy PM made the affirmationwhen explaining the pact and related documents to the legislature during thedebate of lawmakers.
The Government’s assessmentreport said joining the pact as one of the found members demonstrates Vietnam’spolicy on international integration and affirms the country’s important geo-politicalposition in the region and the international arena.
Economically, CPTPP can boostVietnam’s GDP and export by 1.32 percent and 4.04 percent, respectively by2035. In terms of investment, CPTPP commitments relating to services andinvestment are expected to have positive effects on the investment environment.The pact will also help push the process to complete economic institutions.Socially, the pact will contribute to job generation, enhancement of incomesand poverty reduction.
Most NA deputies approved thenecessity to ratify the CPTPP, stressing that it is a new generation free tradeagreement with high quality and the highest level of commitment so far.
At the same time, many deputiesalso cautioned about possible challenges and difficulties that will come withthe CPTPP. Bilateral and multilateral trade may face difficulties. Severalsectors such as advertisement and logistics are expected to face fierce competition.However, the competition also forces domestic enterprises to reduce operationcosts.
The deputies said a number ofdomestic enterprises could fall into difficulties due to increasing competitionafter the CPTPP takes force, resulting in loss of jobs.
They noted that the country willhave to adjust and revise legal regulations on trade, customs, intellectualproperty and labour to comply with CPTPP commitments.
“At this point, we don’t need to spend muchtime on discussing whether we should or should not join the CPTPP. The most importantthing now is to make clear what we should do to make use of advantages andopportunities brought by the pact while minimising its adverse impacts ondomestic production and business,” said deputy Hoang Van Cuong of Hanoi.
Speaking on the sidelines of thedebate, many deputies wanted the Government to do more research on the impactsof the deal on Vietnam.
They also urged the Governmentto take the initiative in reviewing and adjusting related laws to ensure theeffective implementation of the CPTPP and prevent risks to the most, whilemaintaining national sovereignty and avoiding becoming dependence onothers.-VNA
Party General Secretary and President Nguyen Phu Trong on November 2 presented a proposal to the National Assembly asking for the parliament’s ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and other relevant documents.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help Vietnam expand exports and join the global value chain more deeply.
Deputies in favour of the need to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) were the majority at the National Assembly (NA) meeting on November 2, agreeing that it is a high-quality, new generation pact.
General Secretary of the Communist Party of Vietnam Central Committee and President Nguyen Phu Trong presented a report asking for ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) during a sitting of the legislature in Hanoi on November 2.
National Assembly deputies will discuss the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and related documents on November 5 morning as part of their ongoing sixth session.
Vietnam is a country with which Russia shares a special relationship. In the 1950s and 60s, particularly during Vietnam’s struggle for independence, the two countries forged a deep bond. While much has changed over time, the friendship and cooperation between our nations have endured, said Russian President Vladimir Putin.
For 50 years, Vietnam and New Zealand have worked together to uphold peace and prosperity for their peoples and the region. The friendship, cooperation, and mutual understanding Vietnam and New Zealand nurtured have grown from a seed into a deeply rooted, strong, and thriving tree, she stressed.
Since the Strategic Partnership was established in 2020, Vietnam and New Zealand have witnessed steady growth in the relations. Beyond the remarkable 40% increase in bilateral trade over five years, political relations and multilateral interactions, particularly within the CPTPP framework, have remained highly positive.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
Vietnam’s core interests will still be ensured after the country joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).(Source: VNA) 
