From January to October 2022, Vietnam gained a trade surplus of $4.4 billion. In 2021, the country earned $45.7 billion in revenue from exports to CPTPP members, which is a rise of 18 per cent YoY, according to local media reports.
Vietnam’s garment and textile and leather shoe industries boosted shipments to CPTPP members by 15 per cent when compared to before the agreement. Local firms benefit from the tax preferences put on Vietnamese goods by the CPTPP.
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