HÀ NỘI — The potential collapse of the Trans-Pacific Partnership (TPP) trade pact may not impact Việt Nam’s sovereign credit quality as much as was projected earlier, Moody’s said. Moody’s cited research by the Peterson Institute for International Economics (PIIE), which has ranked Việt Nam and Malaysia among the countries in the list of 12 TPP signatories that expected to see a sizeable growth spurt. The two countries would have benefited from trade with the United States and from large, long-term foreign direct investment inflows. The termination of the TPP could slow the momentum for reforms that the deal had fuelled. The significance of the deal is testified by its scope and size - the TPP signatory economies account for about 40 per cent of the global GDP.

Source: Viet Nam News February 06, 2017 09:00 UTC