Vietnam’s exports to CPTPP countries up 38.7% in January- August period


HANOI, Oct 16 (Vienam News/ANN): Vietnam's export value to Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member countries increased by 38.7% to US$41 billion over the first eight months of 2022, the Government's report shows.

The Southeast Asian nation spent US$35 billion on imports from CPTPP nations, the VGP cited the report released by the Government on the implementation of the CPTPP, during the January-August period.

With the above figures, Vietnam enjoyed a trade surplus of US$6 billion.

Remarkably, Vietnam's exports to Canada and Mexico grew by 32% and 9.2% to US$4.5 billion and US$3.2 billion, respectively.

CPTPP, a new-generation trade pact, was signed by 11 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam in Santiago, Chile on March 8, 2018.

Eight months later, Vietnam ratified the trade deal that took effect on January 14, 2019. - Vietnam News/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Vietnam , Trade , Export , CPTPP , Rising Fast

   

Next In Aseanplus News

Asean news headlines as at 9pm on Wednesday (May 15)
Opposition parties congratulate incoming PM Lawrence Wong
Singapore's new PM takes office pledging to lead in his own way
Taylor Swift tunes and popcorn for Yew Tee residents watching Lawrence Wong as he is sworn in as PM
Ex-Pakistan PM Imran Khan gets bail but can't leave jail
Philippines sends coast guard to ensure safety of civilian mission in South China Sea
Over 140 malaria cases reported in Vietnam
HK actress Carina Lau wows netizens with bare-faced photo
Anwar's visit to Kazakhstan expected to forge closer synergy, says envoy
Plans to up number of Indonesian students in Malaysian varsities by 20%

Others Also Read