The TPP’s Impact on Vietnam: A Preliminary Assessment
Hiep, Le Hong | November 2015
This essay provides a preliminary assessment of the potential economic, political and strategic impact of the TPP on Vietnam. It argues that Vietnam may gain significantly in terms of GDP growth, export performance and FDI inflow. In the long term, the economy will also benefit if further legal, institutional and administrative reforms are undertaken along with improvements in the state-owned and private sectors. Politically, immediate impacts will be limited, but the country may become more open and conducive to further liberalization in the long run. In strategic terms, the agreement will help the country improve its strategic position, especially vis-à-vis China in the South China Sea, although such an impact is not imminent and should not be exaggerated. The essay is divided into four sections. The first provides an overview of Vietnam’s recent international integration agenda and its participation in TPP negotiations. The other three will analyse the agreement’s economic, political and strategic impacts on the country.
CitationHiep, Le Hong. 2015. The TPP’s Impact on Vietnam: A Preliminary Assessment. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/11004.
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