Industry and Trade News November 10: Vietnam takes advantage of CPTPP Agreement incentives to boost economy

On November 10, the press reported a lot of information related to the Industry and Trade sector. The Industry and Trade Newspaper would like to review some notable information.

Energy sector

Today, Investment Newspaper reported: "Roadmap for sustainable energy development for Vietnam's semiconductor industry"

Clean energy is becoming a decisive factor in the national position in the global semiconductor race. Vietnam is facing a golden opportunity to create a green and sustainable development strategy for this high-tech industry.

The world is witnessing a profound restructuring of the semiconductor industry. From the US, Europe to Asia, countries are making efforts to diversify their supply sources, reduce dependence on a single market and expand their production networks in countries with stable technological, human and energy potential.

According to the roadmap, by 2040, Vietnam strives to become one of the leading centers for semiconductor and electronics production and research in the region, and by 2050, to become one of the world's leading countries in this field.

Along with policy orientation, Vietnam has many favorable conditions with abundant rare earth resources (estimated at 20 million tons), a young workforce, good STEM qualifications, and a stable political and economic environment, opening up great opportunities for Vietnam to participate more deeply in the global value chain.

According to experts, the total revenue of the global semiconductor industry in 2024 will reach about 600 billion USD, and is expected to reach 1,000 billion USD by 2030.

Import and export sector

The website phapluatxahoi.kinhtedothi.vn posted: "Vietnam spent nearly 3 billion USD importing seafood in 10 months, the highest ever"

In the first 10 months of 2025, Vietnam spent about 2.73 billion USD to import seafood, an increase of more than 30% compared to the same period last year - a record high. This development shows the great demand for raw materials for processing and domestic consumption, in the context of domestic supply not being able to meet the demand.

According to the Ministry of Agriculture and Environment , in October alone, seafood import turnover reached more than 304 million USD. Vietnam currently imports mainly from India, Indonesia and Norway, accounting for 15%, 14.2% and 10.7% of the total value respectively. Compared to the same period last year, imports from India doubled, from Indonesia increased by 58% and from Norway increased by 17%.

Imported goods are mainly used for export processing and domestic consumption, while domestic exploitation and farming output, especially shrimp, marine fish and high-end seafood, is still unstable. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the country has more than 600 seafood processing factories exporting to the US, EU, Japan and China, but many businesses have to import raw materials to maintain capacity.

India, one of the world’s three largest shrimp exporters, offers shrimp 10-15% cheaper than domestic prices, helping businesses expand into the low-end segment. Indonesia mainly supplies tuna, squid and offshore seafood, while Norway exports salmon, cod and cold-water seafood to the high-end and restaurant segments.

The Capital Security Newspaper published the news: "Vietnam takes advantage of the CPTPP Agreement's incentives to boost the economy"

To turn the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) into a lever for the economy, Vietnamese enterprises need to innovate production models, take full advantage of CPTPP incentives, improve competitiveness and aim for sustainable development in the global value chain.

According to data from Vietnam Customs, in 2024, two-way trade turnover between Vietnam and CPTPP member countries will reach 102.1 billion USD, up 6.8% compared to 2023. Of which, Vietnam will have a trade surplus of 9.4 billion USD, double the previous year's 4.7 billion USD. Data from the Ministry of Industry and Trade also shows that in the first 5 months of 2025, export turnover to CPTPP markets reached nearly 27.2 billion USD, up 22.6%, accounting for 15.1% of the country's total export turnover.

CPTPP is a new generation, high-quality and comprehensive free trade agreement (FTA) between countries in the Asia-Pacific region. Officially signed in March 2018 in Santiago, Chile, CPTPP includes 12 member countries: Australia, UK, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, with a population of over 500 million people and accounting for 15% of the world's total GDP. The goal of CPTPP is to strengthen economic cooperation, eliminate tariffs and trade barriers on goods and services, to promote trade and investment between member countries. This agreement establishes common rules and standards in many areas such as trade in goods, services, investment, intellectual property, labor, environment and public procurement.

Pangasius fish is an important export item from Vietnam to Mexico.

E-commerce sector

Nhan Dan Newspaper reported: "Preventing counterfeit goods on e-commerce platforms"

On the afternoon of November 8, in Hanoi, the Government Office held a regular press conference chaired by Minister and Head of the Government Office Tran Van Son. At the press conference, representatives of leaders of ministries and branches answered questions from reporters regarding issues of great concern to public opinion.

Regarding specific solutions to limit the current situation of counterfeit goods on e-commerce platforms, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said that the e-commerce business model is currently growing very well. In 2025, this model is expected to grow by 25-27%, which is considered a very high level. Activities on e-commerce platforms are operating very effectively, thereby bringing goods to consumers conveniently and easily, while contributing to overall growth.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said that businesses that put their goods on e-commerce platforms basically do not have fake or counterfeit goods. If there are any, they are only a small number mixed in. Besides, there are still fake, counterfeit, imitation, poor quality goods that infringe on intellectual property.

Vietnam News Agency reported: "National E-commerce Week and Vietnam Online Shopping Day"

National E-commerce Week and Vietnam Online Shopping Day - Online Friday 2025 promises to become the biggest online shopping event of the year, bringing practical benefits to consumers.

National E-commerce Week and Vietnam Online Shopping Day - Online Friday 2025 takes place from November 13 - 17, 2025 nationwide with many big promotions.

Within the framework of the National E-Commerce Week, various events took place such as: Opening Ceremony of Vietnam Online Shopping Day 2025; A series of livestream events Online Friday 2025 on platforms and applications to provide knowledge and in-depth information to help consumers recognize and distinguish genuine and fake goods; Mega Live session conducted by the Organizing Committee, visual demonstration and detailed instructions on how to distinguish genuine and fake goods, thereby raising awareness and skills to identify genuine products for consumers; space for experiencing and exhibiting genuine products along with digital transformation solutions for businesses...

Source: https://congthuong.vn/tin-cong-thuong-10-11-viet-nam-tan-dung-uu-dai-cua-hiep-dinh-cptpp-de-thuc-day-kinh-te-429695.html