Businesses equipped with knowledge about RCEP

Illustrative image (Photo: VNA)

Hanoi (VNA) – Domestic businesses were providedwith more information about the Regional Comprehensive Economic Partnership(RCEP) at a conference held virtually in Hanoi on November 5.

The event was co-hosted by the Vietnam Chamber of Commerceand Industry (VCCI) and the Central Institute for EconomicManagement (CIEM), with the support of the Aus4Reform Programme – theAustralian Embassy in Vietnam.

Speaking at the conference, Nguyen Thi Thu Trang,Director of the VCCI’s Centre for WTO and Economic Integration, cited a surveyconducted by VCCI last year unveiling that only 23 percent of Vietnameseenterprises have fairly good understanding of FTAs.

At the event (Photo: VNA)

VCCI will roll out more information providing activities tohelp local firms get an insight into the deal and guide them how to optimise itsopportunities in specific sectors, she said.

Nguyen Anh Duong , Director of the CIEM's Department forGeneral Economic Issues and Integration Studies, pointed out impacts of theagreement on Vietnam’s economy and the operation of local businesses.

On this occasion, the organizers introduced a business manual onthe RCEP complied by VCCI with the support of the Aus4Reform Programme./.

VNA