10th Meeting on RCEP expected to bring new change to regional, global trade
The 10th Meeting on the Regional Comprehensive Economic Partnership (RCEP), scheduled for June 23 in Hanoi, is expected to bring a new change to regional and global trade.
Minister of Industry and Trade Tran Tuan Anh (Photo: VNA)
Hanoi (VNA) – The 10th Meeting on the RegionalComprehensive Economic Partnership (RCEP), scheduled for June 23 in Hanoi, isexpected to bring a new change to regional and global trade.
The meeting will be chaired by the Vietnamese Ministry of Industry andTrade.
Via rounds of negotiations since 2012 between ASEAN’s 10 member states andsix dialogue partners, the RCEP is considered the world’s largest free trade agreement.
Minister of Industry and Trade Tran Tuan Anh said once the RCEP comes intoforce, it will create a market with about 3.5 billion consumers and a grossdomestic product (GDP) of 49 trillion USD, accounting for 39 percent of theworld’s.
The deal, scheduled to be signed this year, will also create the world’slargest free trade area with commitments regarding the opening of markets ingoods, services and investment, simplification of customs procedures and rulesof origin of products.
It is also expected to step up the development of regional and global valuechains, propelling economies of ASEAN member states, including Vietnam and partnernations.
Experts highlighted the need to deal with issues related to non-tariff tradebarriers, intellectual property rights, and e-commerce to improv൩e thecompetitiveness of ASEAN businesses, including those from Vietnam so as toexpand markets and boost exports./.
The Republic of Korea (RoK) will spare no efforts to help conclude the Regional Comprehensive Economic Partnership (RCEP) by the end of this year by forging deeper ties with the Association of Southeast Asian Nations (ASEAN), as the country strives to revitalise its ailing exports, said the Korean Ministry of Trade, Industry and Energy on January 7.
Dialogue partners of ASEAN are still committed to signing the Regional Comprehensive Economic Partnership (RCEP) agreement by the end of 2020 as scheduled despite the spreading novel coronavirus SARS-CoV-2, according to the local media.
Regional Comprehensive Economic Partnership (RCEP) dialogue partners are advancing the review of legal texts, with an expectation of the process finishing in July so the pact can be signed at the ASEAN Summit in Vietnam later this year as scheduled.
The Regional Comprehensive Economic Partnership (RCEP) remains on track to be signed by the end of 2020, said Singapore’s Trade and Industry Minister Chan Chun Sing on May 3.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Minister of Industry and Trade Tran Tuan Anh (Photo: VNA) 
