Proactive measures taken to promote export to CPTPP markets

The Ministry of Industry and Trade (MoIT) has worked out comprehensive solutions to expand and seek more export markets for Vietnam’s goods, towards fostering the country’s export, especially to member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). 

According to Minister of the MoIT Tran Tuan Anh, the ministry has developed and submitted to the Prime Minister a scheme to handle international trade disputes, accelerate the implementation of key projects, and increase production capacity of sectors, with the aim of contributing to stimulating economic growth.

The scheme is considered as an overall action programme of the Government to implement the CPTPP and affirm Vietnam's integration commitments to bring the most benefits to the national economy, localities and people.

The MoIT’s Export and Import Department said Vietnam’s export turnover to Japan and Canada - the most potential markets within the CPTPP region - has recorded a strong surge in recent times. 

Vietnam’s export turnover to Japan in the first quarter of 2019 hit 4.62 billion USD, up 6.68 percent year-on-year. Its main exports include textiles (nearly 900 million USD), means of transport and spare parts (over 630 million USD), machinery and equipment (450 million USD), and seafood (over 306 million USD). 

Notably, the export of fertilizer witnessed a sudden growth in the first quarter, reaching 8,126 tonnes worth 3.7 million USD, up 509 percent in volume and 1,158 percent in value compared to the same period last year.

Other exports to Japan seeing strong growth in the first quarter include chemicals (70 percent); animal feed and raw materials (56.8 percent); ore and minerals (52 percent); iron and steel (49 percent); and plastic materials (43 percent). 

Economic experts said Vietnam’s exports to Japan have increased rapidly over the past time thanks to the CPTPP agreement. Japan, for the first time, has pledged to completely eliminate import taxes for a large number of Vietnamese farm and aquaculture products. 

On the other hand, with the two free trade agreements (FTAs) between Vietnam and Japan, and between ASEAN and Japan, a number of Vietnam’s aquatic exports to Japan are also removed tariff barriers.

Along with Japan, two-way trade between Vietnam and Canada tripled from 1.14 billion USD in 2010 to 3.85 billion USD in 2018, of which Vietnam enjoyed a trade surplus of 2.14 billion USD with this market. 

In the first three months of 2019, Vietnam's export to Canada surged 42 percent compared to the same period last year. Its main exports to the country were textiles, footwear, computers, electronic products and components, means of transport and spare parts, seafood, and furniture. 

According to Bui Tuan Hoan from the Department of European and American market under the MoIT, with the population of 37 million people, along with 250,000 Vietnamese Canadian people, the North American nation is a potential market for processed food enterprises of Vietnam. 

Canada has a fairly open policy on tropical agricultural products with import tariffs of zero percent and no technical barriers, so if Vietnam can overcome challenges related to storage and transportation, the country will have more opportunities to export more fresh fruits to this market, Hoan said. 

Vietnamese trade cousellor in Canada Do Thi Thu Huong said with the implementation of the CPTPP, Canadian businesses are more and more interested in the Vietnamese market and want to promote business and investment in areas of infrastructure and information technology, aviation, education, and forestry.

The MoIT said the expansion of export markets is considered a long-term strategy to help Vietnamese enterprises deeply participate in the regional value chain, and improve their production capacity and competitiveness.

To increase export turnover, Minister Anh recommended that businesses pay attention to abiding by regulations on barriers  and trade conflicts that may occur, towards making it easier for their products to penetrate into CPTPP member countries.

VNA

Other News

Vietnam accelerates innovation to boost growth, competitiveness

Vietnam accelerates innovation to boost growth, competitiveness

By 2030, Vietnam aims to rank among the world’s top 40 in the GII; raise total social investment in R&D to at least 2% of GDP, with non-State funding accounting for over 60%; increase international scientific publications by an average of 10% annually; and raise the number of patent applications and granted patents by an average of 16-18% annually.

Vietnam sees high growth prospects

Vietnam sees high growth prospects

Experts from the Institute of Vietnam and World Economy under the Vietnam Academy of Social Sciences noted the quality of recent growth as the high growth rate has been recorded against an increasingly higher comparative base.

Vietnam seeks bigger share of global Halal market

Vietnam seeks bigger share of global Halal market

Vietnam's Halal exports remain modest at around 900 million USD a year, accounting for less than 1% of the global market. Most exports are still raw agricultural and seafood products. Only around 1,000–1,300 Vietnamese businesses obtained or maintained Halal certification during 2024–2026.

Hanoi sets up inter-agency mechanism to operate carbon market

Hanoi sets up inter-agency mechanism to operate carbon market

Under a decision of the municipal People’s Committee on establishing an inter-agency working group, departments and agencies are responsible for identifying facilities subject to greenhouse gas inventories, developing emissions-reduction plans and studying projects capable of generating carbon credits.

Shrimp exports reach 3.3 billion USD in eight months

Shrimp exports reach 3.3 billion USD in eight months

According to data from the Vietnam Customs cited by the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports reached 478.5 million USD in August, up 4.2% from the same month last year. The eight-month total stood at 3.3 billion USD, representing a year-on-year increase of 12%.

Russian investors explore opportunities in Vietnam's real estate market

Russian investors explore opportunities in Vietnam's real estate market

Vietnam is seen as a potential market, with considerable room for growth in real estate, particularly commercial property, compared with some regional markets. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favourable for Russian investors.

Phu Quoc airport planning adjusted to serve APEC 2027

Phu Quoc airport planning adjusted to serve APEC 2027

For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of ​​the airport.

Policy, infrastructure emerge as new advantages in FDI attraction

Policy, infrastructure emerge as new advantages in FDI attraction

From policy and infrastructure to industrial real estate, Vietnam’s FDI advantages are broadening towards a more integrated production ecosystem, offering investors a stronger combination of conditions for high-value, technology-intensive and long-term projects.

Logistics upgrade vital to 1-trillion-USD trade target: experts

Logistics upgrade vital to 1-trillion-USD trade target: experts

As trade expands, systemic bottlenecks across transport networks, warehousing, ports, border gates, and industrial zones are becoming more apparent. Experts emphasise the need to shift from a fragmented, project-by-project approach toward strategic management structured around trade corridors and integrated supply chains.

Ample room for Vietnam, US to deepen cooperation

Ample room for Vietnam, US to deepen cooperation

Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries.

Flexible fiscal policy helps drive economic growth

Flexible fiscal policy helps drive economic growth

According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at 2.02 quadrillion VND (77.7 billion USD), equivalent to 80% of the annual estimate and up 16% year-on-year. Domestic revenue reached 1.75 quadrillion VND, accounting for 86.6% of total revenue and rising 16.6%.

Electronic components are produced at a factory in Hanoi. (Photo: VNA)

Hanoi's imports surge 41% in first eight months of 2026

Hanoi aims to achieve average annual export growth of at least 12% during 2026-30, with the city seeking to diversify export markets, boost high-tech and value-added products and reduce reliance on traditional markets.