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