VIETNAM–CPTPP TRADE SURGES 20.6% IN JAN-OCT

Vietnam’s tuna exports are meeting the strict standards of major global markets - PHOTO: VASEP

HCMC – Trade between Vietnam and member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) reached US$102.8 billion in the first ten months of this year, up 20.6% year-on-year, according to the Ministry of Industry and Trade.

After more than six years of implementation, the CPTPP has become a key driver of Vietnam’s export growth, helping local industries expand their market presence across member economies.

In 2024, two-way trade between Vietnam and CPTPP markets totaled US$102.1 billion, a 6.8% increase from the previous year. The strong performance continued into 2025. From January to October, trade reached US$102.8 billion, including the United Kingdom, which officially joined the agreement on December 15, 2024.

Vietnam’s exports to CPTPP members amounted to US$58.3 billion during the period, up 26%. Imports rose 14.47% to US$44.5 billion.

Among CPTPP partners, Australia has emerged as one of Vietnam’s fastest-growing trade markets. From Sydney, Tran Thi Thanh My, Vietnam’s deputy consul general and head of the Vietnam Trade Office in Australia, said Australia remains a major trading partner and has recently become one of Vietnam’s ten largest export destinations.

Source: The Saigon Times