CPTPP: Chances and challenges for the textile sector

by VTV425 December 2018 Last updated at 15:18 PM

VTV.vn - Vietnam is the largest exporter of garments and textiles among the eleven members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP.

Therefore, it is said this sector will gain the most benefits from this agreement. However, CPTPP does contain strict rules of origin, which is a challenge for many textile enterprises whose materials are mostly imported.

2018 marks a successful year for Vietnam's garment and textile sector, with total export value reaching 36 billion USD, the highest increase in three years. It is expected that the issue of material origins will soon be solved so domestic enterprises can gain the most benefits from CPTPP.

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