Opportunities and challenges for Vietnam’s trade in CPTPP

Abstract

The study aims to generalize the current situation of trade and analyze Vietnam’s imports and exports in the CPTPP by commodity category using the trade indicator method. Research data is conducted from 2001 to 2018 on the official website of UNComtrade. The article has proven that Vietnam will have to compete with Malaysia, Mexico, Chile, Peru, and Singapore, and have many opportunities to boost exports with Australia, Canada and Japan in the CPTPP. Regarding product groups, the CPTPP will be a great opportunity for Vietnam to boost exports of textile products, leather shoes and wooden products; but it will bring many challenges to the group of vegetables, fruits, seafood and electronics. Based on these findings, the article suggests a number of policies to promote trade between Vietnam and CPTPP countries in the future.