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.