Statistics from the General Department of Vietnam Customs showed that Vietnam’s exports to the bloc member countries in North America rose 56% to 13.6 billion USD in 2023 from 8.7 billion USD in 2018.
Particularly, impressive growth has been seen in trade between Vietnam and Mexico and Canada since the agreement took effect. Vietnam is Mexico's 10th largest partner, with Vietnam's exports to Mexico seeing a 10-fold increase in the past five years.
Similarly, Vietnam has won 35% of the market share in Canada, one of the 10 potential customers for Vietnamese products thanks to CPTPP.
In order to support businesses in taking advantage of incentives, the Ministry of Industry and Trade will continue to popularise the CPTPP as well as other free trade agreements, while coordinating with associations to promote Vietnamese brands, seeking solutions to reduce logistic costs, speeding up administrative reform and supporting businesses to connect with international partners./.
