A recent report from the World Bank offers a thorough analysis of how the RCEP can impact the economic atmosphere of its country members, including Vietnam.
Here, Vietnam Briefing highlights the facts and statistics on why and how Vietnam, among other middle-income countries, could benefit the most from the RCEP.
The Regional Comprehensive Economic Partnership (RCEP) agreement officially took effect on January 1, 2022. The countries that belong to RCEP account for almost one-third of world GDP and world population, and one-quarter of world exports and imports. If implemented successfully, it can have a considerable impact on not only Vietnam but the world’s economy.
The World Bank’s (WB) white paper Estimating the Economic and Distribution Impacts of the Regional Comprehensive Economic Partnership constructed a baseline or starting point…
