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During the past decades,the discussion of economic integration has extensively emphasized in the national economic agendas of many countries all over the world,particularly as a means for enhancing economic development and boosting sustainable economic growth.Economic liberalization has been strongly advocated in developing countries as a means of catch up with the developed economies.As a consequence,several mega regional trade agreements have emerged as a direct response for this phenomenon and also a common approach for governments to promote economic integration.Given much attention and expectation,the Comprehensive and Progressive Agreement for Trans-Pacific Partnership(CPTPP)is a demanding standard and large-scale Free Trade Agreement that targets to incorporate the economies of the Asia-Pacific region with 11 participants: Vietnam,Singapore,Brunei Darussalam,Malaysia,Japan,Australia,New Zealand,Canada,Mexico,Peru,and Chile.This paper,hence,discusses potential impacts that the CPTPP can put on Vietnam’s economy and anticipate how this trade agreement can have influence on the policy-making process.This paper examines the theory of Customs Union which deals with tariff barriers among countries and its rooted meaning for the current trend of bilateral and multilateral free trade agreements at both regional and global scale.The FTA diffusion framework describing what the actual driven-forces for nations to pursuit FTAs will be explored.Previous literature has shown Vietnam’s benefits in economic growth by forming multilateral as well as intra-regional free trade agreements.In addition,through a case study of Vietnam’s textile industry with a performance assessment of big enterprises,these results help estimate preliminary opportunities and challenges the country would encounter within the full implementation of CPTPP.