The 16-nation trade deal, which includes major economies such as India and China, would make up nearly 50% of the world’s population, about 30% of global GDP and 28% of total trade turnover.

Da Nang is one of the localities in Vietnam which Japan has paid significant attention to over the past years.

Efforts to keep economic stability and security seem to be the most concerning challenges.

The city expects to promote the Hanoi brand as an attractive tourism destination the region and the world, and advertise the city’s image at major markets.

Benefits from FTAs have not brought along breakthrough changes for Vietnam, as most partners have similar economic structure, or even directly compete with Vietnam.