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Up to 72 percent of enterprises support TPP
Date: 6/20/2016 4:11:19 PM
The proportion of enterprises in Vietnam showing support for the Trans-Pacific Partnership (TPP) rose from 62 percent in 2014 to 72 percent in 2015, according to the Vietnam Chamber of Commerce and Industry (VCCI)’s recent survey participated by about 1,000 businesses.
The survey indicated that 78 percent of the asked enterprises said they are aware of the trade deal, up from 68 percent in 2014.
The figures, which are on the rise, reflect the businesses are ready for the pact, at least in terms of the attitude, said Director of the VCCI’s WTO Centre Nguyen Thi Thu Trang.
She referred to those as reasons to be optimistic about the success of the deal.
It is also reported that, by the end of 2015, 70 percent of the domestic enterprises showed understanding of the pact, lower than 86 percent of FDI companies from the TPP member states and 82 percent of those from the TPP outsiders.
However, local firms expressed the strongest approval for the trade deal with 73 percent of the respondents backing the accord, compared to 67 percent of the FDI companies from the TPP members and 65 percent of those from outside the pact.
The TPP was concluded on October 5, 2015 after seven years of negotiation between 12 countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.
It was signed on February 4 this year and is in the process of being ratified by each member state. The ratification procedures will take about two years
(Source:vietnamplus news)
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NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
