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The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) gives member countries easier access to one another’s markets at preferential tariffs, even tariff-free trade for most items.
Pressure on exchange rates looks to ease up in the final months of the year.
Vietnam’s GDP growth was only 3.32 per cent in the first quarter compared to the same quarter of the previous year. Growth accelerated in the second quarter but only to 4.14 per cent – very far from the rapid pace of 7-8 per cent annually before 2020.
Within the framework of the official visit to Vietnam of the US Secretary of the Treasury Janet Yellen, the conference 'Women in Economics and Finance: Economic Outlook and Climate Finance' took place at the Foreign Trade University (FTU) on July 21.
The USD/VND exchange rate is forecast to abate in the months to come, leveraging diverse supportive factors in both domestic and international markets, as well as central bank movement.