Vietnam is considered to
be the biggest beneficiary country of the 12 countries participating in the
TPP. The fact that countries which have large markets like
the US, Japan and Canada reducing import tax to 0% for Vietnam goods will
create tremendous boost to export of Vietnam. Particularly the textile
industry, turnover could increase significantly.
The textile and footwear
industries, the agricultural, forestry and fishery goods of Vietnam will have
the opportunity to increase export significantly.
Joining TPP will also
help Vietnam and other countries to have new opportunities from new supply
chain, which will be formed after TPP takes effect. TPP countries currently
account for 40% of global GDP and 30% of global trade. Moreover, it includes
major markets such as USA, Japan which will certainly open up many
opportunities when the new supply chain formed.
Accordingly, a number of
corporations and large companies in the world have considered investing inVietnam with
the goal of making Vietnam become one of the important bases in their
production chain. Joining TPP will help this trend grow stronger, which is an
important condition for Vietnam to step on stage to develop new industries with
higher technological contents.
The commitments in TPP
in service and investment are also expected to have a positive effect in
improving the investment environment, contribute to attracting foreign
investment. Many studies confirm that foreign investment will increase as TPP
takes effect.
The Ministry of Industry
and Trade said that Vietnam enterprises will also can join into the public
procurement market in the United
States, Japan, Canada… According to the data from the US, the market for public
procurement of this country is about 10-12 billion USD each year. This is an
attractive distribution channel for export goods from Vietnam.
The completion and
strengthening the protection of intellectual property rights will open
opportunities to attract investment in sectors with high knowledge content,
such as pharmaceutical manufacturing, including bio-medicine and especially
vaccine.
TPP will create
condition for enhancing growth, creating job and increasing income,
contributing to poverty alleviation, improving the quality of human resources
and health care for the community.
ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:
We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.
We could be reached at
email: ant@antconsult.vn or
tel: +848 3520 2779 . To learn more about us, please visit
www.antconsult.vn
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