Vietnam: RCEP will not worsen trade deficit


The recently-signed Regional Comprehensive Economic Partnership would not create any shocks in term of tariff liberalisation. - VNA/VNN

HANOI (Vietnam News/ANN): The Regional Comprehensive Economic Partnership (RCEP) would not worsen the trade deficit Vietnam was running with signatory markets, according to the Ministry of Industry and Trade.

Statistics showed that Vietnam ran a trade deficit worth US$5.58 billion with Asean, $27.71 billion with China and $21.37 billion with the Republic of Korea in the first nine months of this year, which triggered concerns the deal might widen the country’s trade deficit figures.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Vietnam , trade , deficit , RCEP

Next In Aseanplus News

Soccer-Germany's World Cup universe back in order with demolition of Curacao
Cricket-Pakistan spiral under spin pressure as Sharma leads India to victory in T20 World Cup
Protesters set Tesla ablaze, smash UN office's windows in Geneva anti-G7 march
Motor racing-Hamilton takes first win for Ferrari to end Antonelli's run
BRICS countries pledge stronger cooperation in food security and digital farming
Soccer-Teenage prodigy Bouaddi strides imperiously onto World Cup stage
AI ‘ghost cases’ haunt South Korean courtrooms
Asean News Headlines at 10pm on Sunday (July 14, 2026)
Anti-Fake News Centre warns AI deepfake images breach Thai law
ICC orders another health check for ex-Philippine leader Duterte

Others Also Read