National Assembly passes resolution approving CPTPP, related documents

The 14th National Assembly passed a resolution approving the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and related documents in the afternoon of November 12 with 96.7 percent of votes. 
  • CPTPP to shape ­future direction for businesses
  • NA deputies to continue discussing CPTPP ratification on Nov. 5
The 14th National Assembly's 6th sitting (Photo: VNA)

The 14th National Assembly's 6th sitting (Photo: VNA)

The resolution allows the application of the entire content of the CPTPP, with direct enforcement of stipulations in the CPTPP’s Annex 2.

The NA assigns the Government, the Supreme People’s Court, the Supreme People’s Procuracy and relevant organisations and agencies to review laws listed in Annex 3 and other legal documents so as to request authorized agencies to timely make adjustments and supplements or issue new documents, thus ensuring the consistency of the legal system and keeping up with the roadmap for implementing commitments under the CPTPP.  

The Prime Minister will be responsible for approving plans for the implementation of the CPTPP and instructing central and local agencies and organisations in carrying out the plans. 

The resolution also requires the building and enforcement of measures to prevent and address adverse impacts that can arise during the implementation of the CPTPP. It urges the popularization of the pact’s content in order to create consensus in awareness and actions of the entire political system, business circle and people regarding Vietnam’s membership in the CPTPP.

The Government is asked to instruct relevant ministries and sectors to complete procedures for the ratification of the CPTPP and announce the date the pact takes effect for Vietnam. 

The NA, the NA Standing Committee, NA committees, NA delegations and NA deputies are responsible for supervising the implementation of the resolution in accordance with their tasks and authority.  

The CPTPP was signed by 11 member states, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam in March 2018.

It is one of the most comprehensive trade deals ever concluded and strips 98 percent of tariffs for the 11 countries with a combined GDP of more than 13.8 trillion USD and close to 500 million consumers.

The pact will be provisionally enacted 60 days after it is ratified by six countries.

As such, the CPTPP is hoped to take effect in December 2018, as so far Mexico, Japan, Singapore, New Zealand, Australia and Canada have ratified the deal.

VNA

Other News

Vietnam needs more modern, creative working class: Top leader

Vietnam needs more modern, creative working class: Top leader

Party General Secretary and State President To Lam urged the Vietnam Trade Union to reform more rapidly, deeply and substantively. It must work together with the State, enterprises and training facilities to improve workers’ professional qualifications, digital skills and adaptability.

Grand opening of 14th Vietnam Trade Union Congress for 2026–2031 term

Grand opening of 14th Vietnam Trade Union Congress for 2026–2031 term

VGCL President Nguyen Anh Tuan said achievements obtained over the past ternure reflect the close guidance of the Party, effective coordination among State agencies, local authorities, the Vietnam Fatherland Front and socio-political organisations, support from employers and, above all, the dedication and innovation demonstrated by trade union officials, members and workers across the country.

Prime Minister chairs Government's regular meeting for May

Prime Minister chairs Government's regular meeting for May

Prime Minister Le Minh Hung emphasised the need to further improve institutions and policy frameworks, develop digital infrastructure and data resources, and create the necessary conditions for science, technology, innovation and digital transformation to become new drivers of economic growth.

Official hails progress in Vietnam – RoK defence cooperation

Official hails progress in Vietnam – RoK defence cooperation

Deputy Prime Minister and Minister of National Defence General Phan Van Giang said that alongside the robust growth of relations between the two countries, defence cooperation has continued to develop extensively and intensively, becoming increasingly practical and effective.

Vietnam's First Lady visits disadvantaged children in Philippines

Vietnam's First Lady visits disadvantaged children in Philippines

Ngo Phuong Ly, spouse of Party General Secretary and State President To Lam, expressed her emotion at seeing the children’s optimism despite difficult circumstances, noting that both Vietnam and the Philippines place children at the centre of their development policies, from education, health care to child protection.

Top leader of Vietnam pays state visit to Philippines

Top leader of Vietnam pays state visit to Philippines

Party General Secretary and State President To Lam and his spouse are paying state visit to the Philippines from May 31 to June 1 at the invitation of President Ferdinand Romualdez Marcos Jr. and his spouse.