Vietnam to approve TPP-11 by November, prime minister says

Hanoi's ratification would be fourth of six needed for trade deal to take effect

A port in Ho Chi Minh City. Some U.S. policy also benefits Vietnamese exports, such as a program that connects local enterprises to global companies. © Reuters

TOMOYA ONISHI, Nikkei staff writer

October 7, 2018 04:29 JST

HANOI -- Vietnam will likely ratify the 11-member Trans-Pacific Partnership trade agreement in a parliamentary session ending in November, Prime Minister Nguyen Xuan Phuc told Nikkei and other outlets Saturday, in what would be a major step toward bringing the deal into force.

The pact will help "draw out the maximum possible latent economic and trade potential" of Vietnam, Phuc said in his office in the Vietnamese capital ahead of a visit to Tokyo for Tuesday's Mekong-Japan Summit.