Illustration photo |
Last year, the World Bank also said Viet Nam with the lowest per capita GDP among TPP signatories, will enjoy comparative and unique advantages such as labor-intensive manufacturing and fewer tariffs when the agreement comes into effect.
The full text of the agreement was announced in November 2015 after nearly seven years of talks.
The World Bank Group (WBG) consists of five financial organizations: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Financial Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
By Thuy Dung