TPP was one of the most spoken buzzwords within Vietnam’s business circle in 2015. As the nation with the lowest level of income among the members, Vietnam is said to benefit the most while at the same time face the greatest hurdles if it wants to truly integrate into such a comprehensive economic agreement. There have been much discussions in the press about shifting production bases, rules of origins or necessary reforms of SOEs but we believe these content while being too broad are not detailed and relevant enough for business managers. This short article will attempt to summarize TPP’s key points, outline where Vietnam stands at the moment, and presents key insights regarding TPP and other FTAs that we believe businesses managers will find useful in their strategy planning.