News Snapshot:
Production of workwear for export. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam is expected to register the highest trade and income gains among Regional Comprehensive Economic (RCEP) members, according to a World Bank (WB)’s working paper. To estimate the economic and distributional impacts of RCEP in Vietnam, WB constructed a baseline and four alternative scenarios. The baseline reflects the business-as-usual conditions, where the tariff schedules of previous agreements, including the most recent CPTPP , have been implemented, in parallel with the US-China trade war. In the baseline, between 2020 and 2035, the average trade weighted tariff imposed by Vietnam declines from...
