CP TPP expected to boost Vietnam-Chile economic ties

The newly-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP), of which Vietnam and Chile are members, is expected to be a motivation boosting their economic ties.
CP TPP expected to boost Vietnam-Chile economic ties ảnh 1The Comprehensive and Progressive Agreement for Trans-Pacific Partnership was signed in Chile on March 8 (local time). (Photo: AFP/VNA)

Hanoi (VNA) – The newly-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP), of which Vietnam and Chile are members, is expected to be a new push for the economic, trade and investment cooperation between the two nations, held Vietnamese Ambassador to Chile Nguyen Ngoc Son.

In an interview granted to the Vietnam News Agency, the diplomat noted that since Vietnam and Chile set up their diplomatic relations in 1971, the two countries have enjoyed sound partnership in all fields.

They have signed many deals facilitating their affiliation, including a free trade agreement in 2012. Two-way trade grew impressively to 1.3 billion USD in 2017 from only under 200 million USD in 2005.

They have set up dialogue mechanisms in politics and economy, along with annual meetings to review cooperation outcomes and map out collaboration plans for following years.

Son stressed that the two sides are open economies, holding that the CP TPP will help further expand and develop bilateral economic, trade and investment partnerships.

The ambassador said that almost all Presidents of Chile have visited Vietnam, reflecting the country's appreciation of Vietnam's role in the Southeast Asian region. In multilateral organisations, Chile has always supported Vietnam, especially in the United Nations, the Asia-Pacific Economic Cooperation (APEC) and other inter-regional organisations.

Chile assisted Vietnam in its bids to join the UN Human Rights Council in the 2014-2016 tenure, and the UN Economic and Social Council (ECOSOC) in the 2016-2018 period, while supporting Vietnam in running for a seat as a permanent member of the UN Security Council for the 2020-2021 tenure.

At the same time, Vietnam has lauded the role of Chile and supported the country’s candidacy for positions in the UN agencies ​and other international organisations, including the UN Human Rights Council and UN Security Council, said Ambassador Son.

However, he said that bilateral investment remains modest, citing they are yet to have any project in each other' territory.

The diplomat also pledged that the Vietnamese Embassy in Chile and its trade affairs office will exert more efforts to introduce investment​ and trade opportunities in Vietnam to Chilean businesses.-VNA

VNA

See more

The dialogue spotlights the enduring role of public-private partnerships in shaping and advancing Vietnam-US relations over the past three decades. (Photo: VNA)

Dialogue talks role of public-private partnership in Vietnam-US relations

Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.

The Tan Thuan Export Processing Zone is connected to Tan Thuan Port, forming a manufacturing–export ecosystem for Ho Chi Minh City. (Photo: VNA)

HCM City industrial parks set 20 billion USD investment target for 2025–2030

According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.

Participants in the congress held on June 19 to establish the Binh Duong Association of Supporting Industries (BASI). (Photo: VNA)

Binh Duong sets up supporting industry association

The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.

Pharmaceutical production at a company in Vietnam. (Photo: VNA)

Vietnam’s pharma sector heats up with major M&A deals

PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.

Ngoc Linh ginseng is found within a narrow ecological zone around the peak of Ngoc Linh Mountain. (Photo: VNA)

Quang Nam positioned as medicinal plant hub

The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.

The official logo of resort airline Sun PhuQuoc Airways (Photo: Sun Group)

Official logo of resort airline Sun PhuQuoc Airways announced

Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.

High-end apartment projects in Gamuda Gardens Urban Area in Hanoi are developed by Malaysian real estate group Gamuda Land. (Photo: VNA)

OECD Economic Surveys: Vietnam 2025 report released

The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.

Prime Minister Pham Minh Chinh (R) welcomes Antoine Colin, HP Senior Vice President for Global Supply Chain Digital Transformation & Resilience (Photo: VNA)

HP looks to scale up production capacity in Vietnam

Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.

OSZAR »