The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially took effect in Vietnam on January 14, 2019, and was expected to be a turning point creating new momentum and promoting trade and investment cooperation between Vietnam and agreement partners. According to the Ministry of Industry and Trade (MoIT), Vietnam’s exports to the CPTPP market stood at $36.87 billion in 2018, $39.23 billion in 2019, $38.34 billion in 2020, $45.71 billion in 2021, up 19.22 per cent, $53.54 billion in 2022, and $50.18 billion in 2023, down 6.31 per cent. In addition to expanding Vietnam’s export markets, the CPTPP has helped boost institutional reform and the introduction of more transparent and clearer legal instruments, thereby having a positive impact and bringing benefits to businesses. However, businesses are still to take full advantage of the opportunities the agreement provides, as they must fully meet standards on export quality, compete for high-quality human resources, and overcome limitations in capital, technology, and market information.