The Ministry of Industry and Trade is making every endeavour to complete all required papers and to submit the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to the National Assembly for ratification in the legislature’s session later this year.
Foreign Ministry’s spokesperson Le Thi Thu Hang. (Photo: VNA)
Hanoi (VNA) – The Ministry of Industryand Trade is making every endeavour to complete all required papers and tosubmit the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) to the National Assembly for ratification in thelegislature’s session later this year.
The Foreign Ministry’s spokesperson Le Thi ThuHang told this news to reporters at the ministry’s regular press conference inHanoi on July 19.
Responding to reporters’ questions about thepossibility of expanding the CPTPP, Hang said the trade deal will enter intoforce 60 days after six of the signatories have finished ratifying it. Vietnamand other member states are conducting the necessary ratification procedures inline with each country’s related regulations.
The agreement will be soon implemented toboost win-win economic cooperation between member economies, as well ascontribute to the regional economic growth and connectivity, she noted.
The CPTPP is an open agreement that allowsother countries to join after the deal takes effect if they accept itsprinciples and are approved by the member states, she added.
Theoriginal Trans-Pacific Partnership (TPP) was signed by 12 countries in February2016, but US President Donald Trump pulled his country from the deal upon hisinauguration in January 2017.
Theremaining 11 countries – namely Australia, Brunei, Canada, Chile, Japan,Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam – signed the pact andrenamed it the CPTPP during their meet-up in March 2018 in Chile.
Thepact is expected to boost economic growth, create more jobs, reduce poverty,and improve the quality of life for people in the member countries.
The deal willcreate one of the world’s largest free trade blocs with a combined market of499 million people and GDP of around 10.1 trillion USD, accounting for 13.5percent of the global GDP.
Mexico, Japan and Singapore ratified the pact.-VNA
Japan fulfilled domestic procedures on July 6 for the ratification of the Comprehensive and Progressive Agreement for Transpacific (CPTPP), becoming the second member to do so after Mexico.
Malaysian companies will be at a huge disadvantage and lose out to Vietnam in terms of trade investment inflow if the country chooses not to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said a local official.
Chief negotiators of the 11 countries involved in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on July 18 met in Kanagawa prefecture of Japan to accelerate the completion of domestic procedures so that the deal will come into effect soon.
Singapore has become the third country to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to a statement by its Ministry of Industry and Trade on July 19.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Thirty years ago, on July 28, 1995, Vietnam’s accession to ASEAN marked a historic strategic decision, opening a new chapter in the country’s integration process and beginning its strong rise.
Ambassador Vu Le Thai Hoang has outlined specific priorities and proposals for cooperation with the UNODA in preparation for the upcoming 11th Review Conference of the Non-Proliferation of Nuclear Weapons (NPT).
The Vietnamese Party leader's visit is therefore expected to mark a new stage in the development of the Comprehensive Strategic Partnership between the two countries, with a focus on such areas as digital transformation, supply chains, semiconductors, clean energy, and maritime security, Choe assessed.
At their meeting, which took place in the Angolan capital of Luanda on August 7 as part of State President Luong Cuong’s ongoing state visit to the African nation, the two officials also agreed to make full use of existing cooperation mechanisms, particularly the Vietnam – Angola Intergovernmental Committee, and step up exchanges of delegations at all levels.
President Luong Cuong's talks with his Angolan counterrpart João Manuel Gonçalves Lourenço, Vietnamese leader's receptions for a delegation from the Japan – Vietnam Parliamentary Friendship Alliance, and the Government's regular meeting for July are among news highlights on August 7 evening.
Over the past five decades, the Vietnam - Angola relationship has grown steadily, marked by political trust and close bonds between their Parties, States, Governments, and peoples, said Deputy Prime Minister and Foreign Minister Bui Thanh Son.
President Luong Cuong called on the two countries to join hands to promote South – South cooperation, contribute to building a fair and equal global political and economic order, safeguard independence and sovereignty, and promote extensive and substantive international solidarity and cooperation.
President Luong Cuong called on the community to remain united, integrate well into local society, adhere to local laws, and continue contributing to both Angola’s development and Vietnam – Angola relations.
Vietnamese President Luong Cuong and Speaker of the National Assembly (NA) of Angola Carolina Cerqueira agreed to continue strengthening political trust, boost high-level delegation exchanges via all channels, including the parliamentary one, and create favourable legal conditions for bilateral cooperation.
Foreign Ministry’s spokesperson Le Thi Thu Hang. (Photo: VNA) 
