Viet Nam Human Rights
Opportunity and challenge
23/2/16
The
Trans-Pacific Partnership Agreement (TPP) is as an opportunity and enormous
pressure for reform in Vietnam. The Resolution 19 of Vietnamese Government
requires customs clearance in 10 days, but the TPP requires clearance in 48
hours (2 days, when the agreement comes into effect); TPP requires all
businesses to commit no bribes, no percentage, no concessions... If they
violate, they will lose privileges and even they can be sued because of unfair
business.
The
World Bank (WB) rated Vietnam to benefit most from the TPP, the GDP can be increased
by 8%, exports increased by over 17%, attracting foreign investment increased
by 11.9%... when TPP comes into effect. With the business community, TPP gives
the opportunity for Vietnam to join the value chain and global link. Rice of
Vietnam has not had labels, trademarks but we can do it now, then find American
companies admit and import into this market, so Vietnam would be exempt rice,
while product of Thailand, India (not a TPP member) is leviable at 7% while imported
into the US market. That is opportunity.
TPP
also opens up huge opportunities for agricultural cooperation between Vietnam
and Japan. Some Japanese businesses has come to Da Lat for cooperation,
technology transfer production of vegetables, fruit, flowers to export to not
only Japan but also other countries. In addition, Japan also takes interest in
sesame, shrimp, tuna... of Vietnam. However, the partners will require us to be
strictly in the business, make sure to meet the requirements of food safety.
However,
it is not easy to achieve the requirements and take advantage from TPP. TPP
should not be thought as favor for each other, but we should strive and
endeavor to achieve it. The pressure to strive is praiseworthy move.
Opportunities right at our fingertips, without trying to win, what a pity for Vietnam.
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All comments [ 10 ]
The TPP will benefit the economy of Vietnam thanks to import tax incentives pledged by TPP members for the major exports of Vietnam.
Vietnam would also face significant challenges in implementing an agreement that requires stringent disciplines in areas such as labor and government procurement.
State-owned enterprises play an important role in the economy and could face significant adjustments under the competition policy chapter.
The proposed TPP and its potential expansion are important due to the economic significance of the Asia-Pacific region for both the participants and the world.
The region is significant not just as a burgeoning market, but also as an integral part of international supply chains.
The garment and textile sector has become Vietnam’s spearhead industry with a large amount of export revenue among other export items.
Labor provisions calling for “freedom of association” would be difficult to reconcile with Vietnam’s single, state-sponsored labor union.
Vietnam is projected to gain the most from the TPP and has shown flexibility on difficult issues. But overall, Vietnam’s participation in the agreement is well founded.
To this end, what are the implications for Vietnam? It must be noted that to facilitate the competitive ability of Vietnam’s merchandises in TPP member’s markets and sustain an effective paradigm of foreign trade is not a simple task.
the country should speed up the changes of export structure by taking it to the next level in the global value chain.
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