TTP benefits in Vietnam’s economy


the TPP:

USA – Vietnam business

Four decades since the Vietnam War ended, America is the largest importer of Vietnamese commodities, while the Vietnamese are the eighth largest foreign student community in the US. This weekend's US visit by Vietnam's parliamentary chairman Nguyen Sinh Hung reflects the deepening political ties between these two former enemies over the last decade. Ordinary Vietnamese summarise how 10 years of reciprocal summits are transforming their perceptions of their old enemy.

Now a good friend


Japan – Vietnam business 

Japanese–Vietnamese relations stretch back to at least the 16th century, when the two countries engaged in friendly trade. Modern relations between the two countries are based on Vietnam's developing economy and Japan's role as an investor and foreign aid donor. 

the Trans-Pacific Partnership (TPP) will benefit Vietnam, especially to the manufacturing sector.

Current tariff rates for textile, garments, and apparel exports from Vietnam to the US (7.9 percent on average for textiles and 11.4 percent for clothing) will be gradually reduced to zero, allowing for expanded market access to the US and Japan for Vietnam-based companies.

However, strategic development of supporting industries (raw materials & machinery) and accompanying infrastructure (port, construction & logistic) will be needed to fully absorb TPP’s benefits for the economy.

As TPP signatory countries account for around 40 percent of Vietnam’s total exports, the TPP’s passage will not only accelerate Vietnam’s exports to TPP member countries, but also increase the country’s total export by an additional USD 68 billion by 2025.

TPP will attract additional Foreign Direct Investment (FDI) to Vietnam and drive further investments in an increasingly competitive business environment, with FDI expected to reach around US$20 billion by 2020 as more standardized business and policy environments are part of the requirements of TPP.

in recent years, large electronics manufacturers have expanded their production base in Vietnam, creating potential market opportunities for local parts and component suppliers.

Tourism business, import export business, traders, from Korea to Japan from Korea to China….

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Russia–Vietnam relations

Date back formally to 30 January 1950, when the Union of Soviet Socialist Republics established an embassy to North Vietnam.Russia is a principal ally of the Socialist Republic of Vietnam, and the only non-Orthodox ally besides its loose ally ship with China and North Korea.


China – Vietnam

The bilateral relations between the People's Republic of China and the

Socialist Republic of Vietnam have been turbulent, despite their common socialist background. Centuries of conquest by modern China's imperial predecessor have given Vietnam an entrenched suspicion of Chinese attempts to dominate it.

Though the PRC assisted North Vietnam during the Vietnam War, relations between the two nations soured following Vietnam's reunification in 1975. China and Vietnam fought a prolonged border war from 1979 to 1990, but have since worked to improve their diplomatic and economic ties. However, the two countries remain in dispute over territorial issues in the South China Sea.

A 2014 survey conducted by the Pew Research Center showed 84% of Vietnamese were concerned that territorial disputes between China and neighbouring countries could lead to a military conflic

Vietnam's prime minister, a former child messenger for the Viet Cong, has spent his 10 years in power standing up to the Chinese and steering his country closer to the U.S

The Vietnam War, also known as the Second Indochina War,  occurred in Vietnam, Laos, and Cambodia from 1 November 1955 to the fall of Saigon on 30 April 1975.

This war followed the First Indochina War (1946–54) and was fought between North Vietnam supported by the Soviet Union, China and other communist allies and the government of South Vietnam supported by the United States, Philippines and other anti communist allies.

The Viet Cong (also known as the National Liberation Front, or NLF), a South Vietnamese communist common front aided by the North, fought a guerrilla war against anti-communist forces in the region.

Tipped as a strong candidate to become the head of Vietnam's Communist Party at next week's National Congress, Nguyen Tan Dung has already been dubbed his country's "Putin."

"China has indisputable sovereignty over the [Spratly Islands] and their adjacent waters," China said recently.

This assertiveness makes Vietnam's shift toward the U.S. inevitable,


Vietnam and the U.S. are boosting military ties against this backdrop of Chinese muscle-flexing.

In 2015, the U.S. announced it was lifting a weapons ban on against Vietnam, and would spent $19.6 million to boost Hanoi's maritime intelligence, surveillance and reconnaissance capabilities.

And business with the U.S. looks certain to grow after Vietnam signed the Trans-Pacific Partnership (TPP), a 12-nation, U.S.-led trade pact.


Vietnam in ASEAN

in 1988, a year before the Soviet Union collapsed, the 13th National Congress of the Communist Party of Vietnam adopted a resolution to have ‘more friends and fewer enemies’. So it was not surprising when Vietnam expressed interest in joining ASEAN as early as 1992, or when it did in fact join in July 1995.

Vietnam has lost rice export contracts as some of its major markets including Indonesia and the Philippines have canceled their import plans.

Besides making external efforts toward establishing an ASEAN Economic Community by 2015, Vietnam has also undertaken domestic changes to integrate itself with the grouping. The country has gradually restructured its administrative apparatus to suit a market economy. A year after joining ASEAN it reorganised its bureaucracy by creating a National ASEAN Committee, to be headed by the deputy prime minister. This body is responsible for coordinating all the institutions that interact with ASEAN or ASEAN-affiliated bodies. It also established an ASEAN Department in its Foreign Ministry.

‘ASEAN is the third-largest export market for Vietnam, accounting for more than 10 per cent of the country’s total exports … [and] the second-largest supplier to the country, accounting for 20 per cent of the nation’s total imports’.

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