Growth remains without TPPVietnam was the country with the most to gain from the Trans-Pacific Partnership. The demise of TPP is considerably less consequential for the participants than, for example, rewriting the North American Free Trade Agreement (NAFTA) will be. Labour costs, rapid growth in the domestic consumer market, and a healthy network of existing trade agreements have all contributed to Vietnam’s reputation as a magnet for foreign direct investment (FDI), and the growth of domestic exporters. Membership of the ASEAN Economic Community and the Vietnam-EU Free Trade Agreement (EVFTA) are more than sidebars. Third, Vietnam has made multiple statements since the US election that it will implement the domestic reform commitments it made in TPP regardless.

Source: VietNamNet News February 14, 2017 23:15 UTC