CPTPP submitted to National Assembly

Party General Secretary and President Nguyen Phu Trong on November 2 presented a proposal to the National Assembly asking for the parliament’s ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and other relevant documents.
cptpp submitted to national assembly

Party General Secretary and President Nguyen Phu Trong on November 2 presented a proposal to the National Assembly on November 2.

Vietnam and 10 other member states signed the CPTPP in Santiago, Chile, on March 8, 2018. The 11 member states of the deal are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

The President’s proposal stressed that the early joining and ratification of the CPTPP would demonstrate Vietnam’s strong commitments to reform and comprehensive and extensive and intensive international integration.

Besides, through the pact, Vietnam can affirm its important role and geographical-political position in Southeast Asia and Asia-Pacific at large, while advancing its position within the Association of Southeast Asian Nations (ASEAN), in the region and the international area.

Specifically, in the context of rapid, complex and unforeseeable changes in the global and regional political and security situation, the CPTPP membership will enable Vietnam to improve its internal strength to cope with challenges, and consolidate its position so as to realise the foreign policy of independence, self-reliance, multilateralisation and persification of relations in tandem with enhancing national defence and security, the document reads.

Once put into force, the agreement will contribute to deepening relations between Vietnam and other CPTPP member countries, especially those having strategic partnership with Vietnam.

The proposal also pointed out the benefits along with challenges to be brought by the free trade deal to socio-economic development, State budget and the finalisation of legal and institutional frameworks.

It said the opening-up of economic activities, along with regulations in labour, transparency and anti-corruption, requires Vietnam to take the initiative and make greater efforts in completing legal regulations and establishing management mechanisms that both match international treaties and ensure political-social stability.

The Government proposes ratifying the CPTPP and related documents at the sixth session of the 14th NA without any reservation.

To ensure the implementation of the agreement, the Government has instructed concerned ministries and agencies to review and complete the list of laws, ordinances and decrees that need amendment, supplement and issuance to make them suit commitments made in the CPTPP.

The list names 8 laws and 4 Government’s decrees that need to be amended and supplemented, and proposes issuing seven new documents (six decrees and one Prime Minister’s decision). The list also recommends participation in three international treaties.

During the enforcement of the CPTPP, the Government will continue to review legal documents to make timely amendment and supplement.

At the working session, Deputy Prime Minister and Foreign Minister Pham Binh Minh presented a report explaining in details the CPTPP and relevant documents.

Legislators also heard an assessment report on the CPTPP ratification delivered by head of the NA’s Committee for External Relations Nguyen Van Giau.

They then discussed in groups this issue.

Source: VNA

Related News

Policy on tax payment extension and land rent reduction are going to be issued in June

Policy on tax payment extension and land rent reduction are going to be issued in June

VCN - Deputy Prime Minister Tran Hong Ha said that the Government has promoted policies to support people and businesses to improve people's health, restore trust, and promote investment in production and business. In particular, the Government is issuing a Decree on extending the tax payment deadline this June.
Vietnam

Vietnam's exports to Canada lead among CPTPP countries

VCN - Ms. Tran Thu Quynh, Commercial Counselor, Vietnam Trade Office in Canada shared with Customs Magazine about the picture of Vietnamese goods in Canada with a lot of potential that can be further exploited, and recommendations for businesses, along with activities deployed by the Trade Department to support businesses to conquer this attractive "billion dollar" market.
Minister of Finance: Fairness and transparency for the insurance market

Minister of Finance: Fairness and transparency for the insurance market

VCN - According to Minister of Finance Ho Duc Phoc, the Ministry has strengthened inspections to correct violations in the insurance sector, demonstrating fairness and transparency in the market.
Seafood businesses effectively exploit tariff incentives from CPTPP

Seafood businesses effectively exploit tariff incentives from CPTPP

VCN - Five years after the Comprehensive and Progressive Agreement for Trans- Pacific Partnership (CPTPP) came into effect, Seafood industry belongs to those enjoying many positive changes thanks to taking advantage of preferential tariffs in trade with member countries.

Latest News

PM urges measures to remove obstacles to e-commerce

PM urges measures to remove obstacles to e-commerce

Prime Minister Pham Minh Chinh has stressed the need to implement specific tasks in order to untangle knots in e-commerce development, according to the Government Office.
European firms hope for Vietnam’s continuous policy adjustments: EuroCham survey

European firms hope for Vietnam’s continuous policy adjustments: EuroCham survey

The European Chamber of Commerce in Vietnam (EuroCham) on July 15 released its Business Confidence Index (BCI) report for the second quarter of 2024, which reveals a marginal decline from 52.8 in Q1 to 51.3 in Q2, underscoring the necessity for ongoing policy adjustments to maintain momentum.
Six factors positively impact economic growth in 2024

Six factors positively impact economic growth in 2024

VCN- Minister of Planning and Investment (MPI) Tran Quoc Phuong said there are 6 factors that will positively impact economic growth in the remaining months of 2024.
Vietnam attends 14th annual East Sea conference in US

Vietnam attends 14th annual East Sea conference in US

A Vietnamese delegation led by Vice President of Diplomatic Academy of Vietnam Nguyen Hung Son attended the 14th annual conference on East Sea (also known as South China Sea) held by the Washington DC-based Centre for Strategic and International Studies (CSIS) on July 11.

More News

President’s state visits contribute to strengthening Vietnam-Laos-Cambodia cooperation: FM

President’s state visits contribute to strengthening Vietnam-Laos-Cambodia cooperation: FM

Vietnamese President To Lam’s state visits to Laos and Cambodia from July 11-13 have contributed to enhancing the traditional and effective cooperation among the three countries, Minister of Foreign Affairs Bui Thanh Son has said.
HCM City gears up for future workforce challenges

HCM City gears up for future workforce challenges

A recently approved labour and employment strategy of Ho Chi Minh City outlines potential challenges and opportunities for its workforce between 2023 and 2030.
Important innovation in the draft Law on Management and Investment of State Capital at Enterprises

Important innovation in the draft Law on Management and Investment of State Capital at Enterprises

VCN - Continue to collect comments on the draft Law on Management and Investment of State Capital at Enterprises, representatives of state-owned enterprises all said that the work of developing the Law needs to pay attention to avoid overlap when implementing with other related laws.
Vietnamese economy recovers rapidly thanks to drastic actions: IMF expert

Vietnamese economy recovers rapidly thanks to drastic actions: IMF expert

Vietnam's economy recovered rapidly in the first half of 2024 after a challenging period at the end of 2022 and early 2023, thanks to its government’s drastic actions, according to Paulo Medas, head of the International Monetary Fund (IMF)’s 2024 Article IV Mission to Vietnam.
President arrives in Phnom Penh, beginning state visit to Cambodia

President arrives in Phnom Penh, beginning state visit to Cambodia

State President To Lam arrived at the Phnom Penh International Airport on July 12 afternoon, starting his two-day state visit to Cambodia at an invitation of King Preah Bat Samdech Preah Boromneath Norodom Sihamoni.
Government unveils plan to empower intellectual workforce for national growth

Government unveils plan to empower intellectual workforce for national growth

The Government has issued a resolution outlining its action programme to continue building and elevating the role of intellectual workforce for national rapid and sustainable development in the new era.
President To Lam sets off for state visits to Laos, Cambodia

President To Lam sets off for state visits to Laos, Cambodia

President To Lam and a high-ranking delegation of Vietnam left Hanoi on July 11 morning for three-day state visits to Laos and Cambodia.
Consumption index of the entire processing and manufacturing industry increased by 10.8%

Consumption index of the entire processing and manufacturing industry increased by 10.8%

VCN - In the first 6 months of 2024, the consumption index of the entire processing and manufacturing industry increased by 10.8% compared to the same period in 2023 (the same period last year decreased by 2.2%), while the decrease of the inventory index is the positive signal that shows the recovery of industrial production.
Higher GDP forecasts on robust economic recovery and new growth drivers

Higher GDP forecasts on robust economic recovery and new growth drivers

Recent forecasts are optimistic about the Vietnamese economy in 2024, with the gross domestic product (GDP) growth rate poised to reach around 7 per cent for the full year, higher than the National Assembly’s target set at 6.5 per cent.
Read More

Your care

Latest Most read
PM urges measures to remove obstacles to e-commerce

PM urges measures to remove obstacles to e-commerce

Prime Minister Pham Minh Chinh has stressed the need to implement specific tasks in order to untangle knots in e-commerce development, according to the Government Office.
European firms hope for Vietnam’s continuous policy adjustments: EuroCham survey

European firms hope for Vietnam’s continuous policy adjustments: EuroCham survey

The European Chamber of Commerce in Vietnam (EuroCham) on July 15 released its Business Confidence Index (BCI) report for the second quarter of 2024, which reveals a marginal decline from 52.8 in Q1 to 51.3 in Q2, underscoring the necessity for ongoing policy adjustments to maintain momentum.
Six factors positively impact economic growth in 2024

Six factors positively impact economic growth in 2024

VCN - Analyzing more specifically the basis for this recommendation, according to the representative of the Ministry of Planning and Investment, there are 6 factors that create a positive impact on economic growth in the remaining months of 2024.
Vietnam attends 14th annual East Sea conference in US

Vietnam attends 14th annual East Sea conference in US

A Vietnamese delegation led by Vice President of Diplomatic Academy of Vietnam Nguyen Hung Son attended the 14th annual conference on East Sea (also known as South China Sea) held by the Washington DC-based Centre for Strategic and International Studies (CSIS) on July 11.
President’s state visits contribute to strengthening Vietnam-Laos-Cambodia cooperation: FM

President’s state visits contribute to strengthening Vietnam-Laos-Cambodia cooperation: FM

Vietnamese President To Lam’s state visits to Laos and Cambodia from July 11-13 have contributed to enhancing the traditional and effective cooperation among the three countries, Minister of Foreign Affairs Bui Thanh Son has said.
Mobile Version