Foreign businesses take the lead in TPP

(Baonghean) -TPP is the Trans-Pacific Strategic Economic Partnership Agreement joined by many countries such as Australia, Brunei, Chile, New Zealand, Peru, Singapore, the United States and Vietnam... The nature of this Agreement is to cut most tax lines in a very short time and open up free trade among participating countries.

Foreign-invested enterprises have quickly grasped the information and sought new business opportunities, while our provincial enterprises and many product lines are still in a daze or do not have the capacity to seize this opportunity. Many enterprises only know how to export to China - an unsustainable market. Some enterprises lack raw materials, lack funds to innovate technology, and lack quality products.

TPP is a great opportunity and more than ever, businesses need to research the market, build brands, invest in technology, and produce high-quality products to be able to penetrate the markets of 12 TPP participating countries, many of which have highly developed economies.

Pearl