Logo of Phnom Penh Post newspaper Phnom Penh Post - VN Prime Minister approves plan to implement CPTPP

VN Prime Minister approves plan to implement CPTPP

Content image - Phnom Penh Post
Vietnamese Prime Minister Nguyen Xuan Phuc has approved the implementation plan of CPTPP in Vietnam. ENTERNEWS/VIET NAM NEWS

VN Prime Minister approves plan to implement CPTPP

VIETNAMESE Prime Minister Nguyen Xuan Phuc has approved a plan to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

He required ministries, ministerial-level and governmental agencies, and People’s Committees of centrally-run cities and provinces increase the dissemination of information about the CPTPP and participating countries among the public, particularly groups likely to be affected by the deal such as farmers, fishing communities, cooperatives and businesses, especially small- and medium-sized enterprises (SMEs).

The prime minister asked for focus to be placed on training officials from state management agencies in fields related to commitments under the CPTPP – such as investment, services, customs, government procurement, trade protection, intellectual property, agriculture, forestry and fishery, labour and the environment – so that they clearly and precisely understand the specific content in order to implement the deal fully and effectively.

He made the order that information on CPTPP and other free-trade agreements that Vietnam has joined be made available for domestic firms along with forecasts about import-export markets, technical requirements and regulations on goods trade management of participating countries.

Other key tasks of the plan are building programmes to support and increase the competitiveness of sectors, businesses – particularly SMEs – and farmers in line with international commitments, preparing solutions to back those bearing direct and major impacts from international market fluctuations, as well as assisting Vietnamese firms to join regional and global supply, value and production chains.

Relevant agencies must increase vocational training and science-technology application in business production, build and refine technical measures such as national standards, technical norms and rules on food safety, product origin and environmental protection in line with international commitments, to support the development of businesses and locally-made products and protect domestic consumers.

They should increase the use of early warning systems in trade protection to help export firms avoid risks in the field, as well as proactively build appropriate trade defence measures in accordance with international regulations and commitments to protect domestic production and the legitimate interests of Vietnamese enterprises.

It is necessary to focus on restructuring the industrial sector and speeding up the reshuffle of agriculture and the rural economy, while also boosting the application of modern and environmentally-friendly technologies to increase productivity in businesses, the prime minister noted.

He instructed the building of mechanisms to encourage foreign-invested businesses to connect with domestic firms to establish and develop joint supply chains, as well as improve the quality of human resources, especially in the fields of technology, law and finance.

The CPTPP officially came into force in Vietnam on January 14. Its 11 member countries account for 13.4 per cent of the global GDP. VIET NAM NEWS/ANN

MOST VIEWED

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Culture ministry: Take Tuol Sleng photos down, or else

    The Ministry of Culture and Fine Arts has told Irish photographer Matt Loughrey to take down the photos of Khmer Rouge victims at Tuol Sleng Genocidal Museum which he allegedly colourised and altered to show them smiling. The ministry said Loughrey's work is unacceptable, affecting

  • Cambodia gears up for muted New Year festival

    The recent curfew and restrictions imposed in the capital and other Covid-19 hotspots were intended to break the chain of transmission, Ministry of Health spokeswoman Or Vandine said as municipal and provincial authorities issued new directives banning certain activities during the upcoming Khmer New Year