The Vietnamese economy is projected to expand by 6.7 percent in 2016, riding the success of this year’s growth—the highest in past five years at above 6.5 percent, more than the initial forecast of 6.2 percent.

Twelve Pacific rim countries have sealed the deal on 5 October, Monday, to create the world’s largest free trade area. Ending five years of bitter negotiations, the Trans-Pacific Partnership (TPP) aims to cut trade tariffs and set common standards in trade among these countries.