The primary reason for positive economic growth this year is decisive steps to contain the health and economic fallout.

Foxconn plans to roll out full-scale production in Vietnam and receive the benefits of the recently-signed RCEP.

Large RCEP economies such as China and Japan will, of course, be able to play some dominant roles within the RCEP.

Competition is part of any trade deal and Vietnam is used to competition as the country is a member of 13 free trade agreements so far.

Digitalization will be a significant need for Vietnam to boost industrial competitiveness, enhance human capital, as well as keep up with regional and international standards, according to PwC Vietnam.

The two sides has adopted the Plan of Action for 2021-2025 that covers the formation of an economic corridor.

The RCEP along with other free trade agreements that Vietnam is a part of would continue to help the country become an attractive investment destination globally.

Among documents signed at the summit, RCEP is the world's largest free trade agreement.

The conclusion of the RCEP is particularly meaningful for Vietnam as the ASEAN Chair in 2020, which has put much effort to help complete the long-awaited deal.