# Standard Chartered Bank: Regional focus to support Viet Nam’s post-COVID recovery

> Standard Chartered economists say Vietnam is a major beneficiary of the RCEP trade pact, which took effect on 1 January 2022 and eliminates about 90% of tariffs among signatories over 20 years. Agriculture is among the export sectors expected to benefit, and Vietnam targets export growth of 6-7% a year from 2021 to 2030.

- Date: 2022-05-10 · published 2022-05-10T12:00:00.000Z
- Category: trade · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/41706-standard-chartered-bank-regional-focus-to-support-viet-nam-s-post-covid-recovery
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Lower tariffs across the RCEP bloc could lift Vietnamese agricultural and processing demand, supporting regional imports of feed grains and protein over time. The effect on near-term commodity prices is modest because the tariff cuts phase in gradually.

## Sources

- bizhub.vietnamnews.vn: https://bizhub.vietnamnews.vn/standard-chartered-bank-regional-focus-to-support-viet-nams-post-covid-recovery-post333577.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.