Vietnam pins high hope on RCEP for speeding up economic recovery amid pandemic


HANOI, Jan 1 (Xinhua): Vietnam is expecting the Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade agreement, to create a new springboard for its economy to recover and grow quickly amid and after the Covid-19 pandemic, said local officials, experts and entrepreneurs.

According to them, the RCEP, taking effect on Jan. 1, 2022, will bring about both short- and long-term benefits, especially trade and investment-related ones, to Vietnam which is in dire need of quick economic recovery after two years of being hard hit by the global pandemic.

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 , RCEP , Booster , Economy , Trade

Next In Aseanplus News

Corruption scandals, rupiah fall revive reshuffle talks in Indonesia
China's Xi lands in North Korea for rare visit
Thailand Consumers Council sues Facebook over scam adverts and lack of victim redress
Cambodia scam centres persist despite crackdown: Report
Negri Umno rejects claims it caused state’s political crisis
Australia PM Albanese says migration to fall as far right surges
Sabah residents told to avoid shoreline after Mindanao quake triggers tsunami warning
Vietnam police dismantle two illegal military weapon manufacturing workshops
IATA: Middle East disruptions, high fuel prices to halve airline industry profitability in 2026
Marina operations at Singapore's Sentosa Cove resume after fire partially sank luxury yacht

Others Also Read