Home / Knowledge / News / Textiles / 'Vietnam needs unity in action to benefit from TPP'
'Vietnam needs unity in action to benefit from TPP'
Feb '16
Vietnam cannot fully capitalise on the newly signed free trade agreement, the Transpacific Partnership Pact (TPP) unless all the stakeholders – the government, the people and the enterprises work in unison, according to the prime minister Nguyen Tan Dung.

In the translated version of the article, 'TPP, Opportunities and Challenges – Our Action' written by Dung and posted on a Vietnamese government website, the PM said that the ruling party, the people and the business community should maintain unity in action to make the full utilisation of opportunities from the pact.

The role and actions of the stakeholders should be properly defined. They should together try to overcome challenges and improve efficiencies – which have become a priority, and thereby bring a proud moment for the country, according to Dung.

Businesses are a vital force in deciding. But a clear institutional framework and business environment is necessary, which is possible only with the help of the state. The market or the people contribute with ideas, comments and supervision of the implementation of policies.

Communication between the three should also be carried out well for awareness consensus and unity in action. Joining of hands of the stakeholders will bring the opportunities into full play.

The TPP pact holds immense potential, but there are also challenges in the way, he added. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 20th Oct 2016

Indian polyester market demand grows 14% in Q2 FY17: RIL

The Indian polyester market witnessed a demand growth of 14 per cent...

Fashion | On 20th Oct 2016

Replay to explore new markets in 2017

Replay, the iconic Germany based denim brand, is planning to get into ...

Textiles | On 20th Oct 2016

Pakistan proposes Rs200 bn for textile sector revival

A bailout package of Rs 200 billion has been proposed by the Pakistan ...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search