E ISSN: 2583-049X
logo

International Journal of Advanced Multidisciplinary Research and Studies

Volume 2, Issue 4, 2022

Solutions for Vietnam to Integrate into the Market of CP-TPP Countries in the Era of Industrial Revolution 4.0



Author(s): Pham Chau Thanh, Nguyen Huu Hao, Dang Truong Thuy Anh, Nguyen Hoang Tien

Abstract:

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between countries along the Pacific Rim, aiming to eliminate 90% or more of the tax barriers for goods and services of the partners participating in the agreement. Vietnam is expected to benefit from the TPP, but there are many difficulties ahead. When the agreement is signed, a large number of highly skilled workers from other countries will join our country's labor market, creating a competition with domestic workers. Currently, the world is developing strongly along with Industrial Revolution 4.0. This is a great opportunity for countries to step up industrialization and modernization process and that includes also Vietnam. The core elements of Industry 4.0 will be: Artificial Intelligence, Internet of Things and Big. The article discusses solutions for Vietnam to integrate into the common market of CP-TPP countries in the age of Industrial Revolution 4.0.


Keywords: CP-TPP, Industrial Revolution 4.0, Integration, Vietnam

Pages: 63-70

Download Full Article: Click Here