Buenos Aires (VNA) – Vietnam’s agriculture sector is likely to benefit greatly from the Trans-Pacifi♈c Partnership (TPP), Argentina’s Clarin newspaper reported.
An article entitled “Vietnamese agriculture seeking investment” says the country will attract millions of USD of investment and see a boom in food production.
The TPP could help Vietnam’s rice shipments to Asian markets multiply by six, which could also pose environmental challenges due to the practice of growing multiple crops a year and heavy use of pesticides and fertilisers.
The article suggests that the most viable alternative would be industrialising food production on the basis of foreign investment.
The TPP, which includes 12 Pacific Rim countries, will help attract more foreign investment to Vietnam, especially from the US and Japan. For the first time, Vietnam can draw foreign investment into the agriculture sector.
The article notes that the country’s economy could grow by 6.7 percent this year. When the TPP goes into effect, GDP could grow by 11 percent while export turnover could increase by 12 percent or more in the next 10 years.
The TPP was signed by economic ministers from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam in New Zealand on February 4, 2016.
The TPP is now undergoing a two-year ratification period in which at least six countries – which account for 85 percent of the 12 nations’ combined gross domestic production – must approve the final text for the deal to be implemented.-VNA
The Ho Chi Minh City People’s Committee signed a memorandum of understanding (MoU) to improve the domestic business environment and increase education on trade agreements.
The participation in the Trans-Pacific Partnership (TPP) is a driving force for Vietnam to fine-tune its legal framework and enforce laws on the environment, an official said.
The handbook “Summary of TPP” was introduced to enterprises and trade associations at the conference “Trans-Pacific Partnership Agreement – What enterprises need to know” in HCM City on April 14.
With nearly half of its seafood exports going to Trans-Pacific Partnership member nations, Vietnam expects the trade deal to further boost exports to these markets.
A Vietnamese business delegation conducted a fact-finding trip to Ackland, New Zealand from April 16-18 to deepen cooperation between the two countries’ enterprises .
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
A rice field in the harvest season (Photo: VNA)
