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Official Gazette

Monday, January 30, 2023

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

Updated: 15:35’ - 15/10/2022
Vietnam's export value to Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member countries increased by 38.7 percent to USD 41 billion over the first eight months of 2022, the Government's report shows.

The Southeast Asian nation spent USD 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 USD 6 billion.

Remarkably, Vietnam's exports to Canada and Mexico grew by 32 percent and 9.2 percent to USD 4.5 billion and USD 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.- (VNA/VLLF)

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