How should Vietnam behave after the US abandons TPP?
Anti-globalization and protectionist attitudes are increasing in some countries, but Vietnam still has an open economy. This means big challenges for Vietnam in upcoming days. US President Donald Trump on January 23 officially pulled out of the 12-nation Trans-Pacific Partnership, a move that The New York Times said “put an end to the era of multinational trade agreements that defined global economics for decades”. Vo Dai Luoc, a respected economist, believes that Vietnam’s exports to the US will bear big influences by the move. A report from GDC showed that the US in 2016 was Vietnam’s biggest export market which consumed $38.5 billion worth of Vietnam’s products, accounting for 21.78 percent of Vietnam’s total export turnover.