Business

Export Development Canada, VinaCapital sign MoU to expand trade ties

Export Development Canada (EDC), Canada’s export credit agency, and VinaCapital, one of Vietnam’s leading investment management firms, have signed a Memorandum of Understanding (MoU) to enhance trade and investment between the two countries.

The MoU signing ceremony between Export Development Canada (EDC) and VinaCapital in HCM City on August 14. (Photo courtesy of the Consulate General of Canada in HCM City)
The MoU signing ceremony between Export Development Canada (EDC) and VinaCapital in HCM City on August 14. (Photo courtesy of the Consulate General of Canada in HCM City)

HCM City (VNS/VNA) - Export Development Canada (EDC), Canada’s export credit agency, and VinaCapital, one of Vietnam’s leading investment management firms, have signed a Memorandum of Understanding (MoU) to enhance trade and investment between the two countries.

The agreement aims to create new opportunities for Canadian exporters and investors in key sectors, including infrastructure, energy, retail, healthcare and financial services - areas where Canadian expertise aligns with Vietnam’s development priorities.

Under the MoU, EDC and VinaCapital will collaborate to support Canadian companies seeking to enter or expand their presence in Vietnam.

Since the inception of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), bilateral trade between the two countries has increased from 6.5 billion CAD (4.7 billion USD) in 2018 to 15.7 billion CAD (11.36 billion USD) in 2024.

With Vietnam’s growing demand for infrastructure, clean energy and advanced manufacturing, the partnership is poised to help connect Canadian capabilities with Vietnamese opportunities.

Launched last year, EDC’s representation in Ho Chi Minh City has been a valuable resource for Canadian companies and investors seeking to grow into the Vietnamese market and broader Indo-Pacific region.

“I am proud to support the strengthening of commercial ties between Canada and Vietnam to help build new partnerships between Canadian and Vietnamese companies. Vietnam’s rapid economic growth in the Indo-Pacific region positions the country as a promising hub for Canadian businesses," said Canadian Minister of International Trade Maninder Sidhu.

"As Canada’s largest trading partner in ASEAN and a key member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam offers favourable prospects for our exporters and investors. The new MoU between EDC and VinaCapital will further deepen our bilateral relations and help Canadian companies succeed in this important market,” Sidhu said./.

VNA
#Export Development Canada #VinaCapital #Vietnam-Canada trade #MoU Canada
Follow VietnamPlus

Related News

Ho Xuan Lam (right), Vice President and General Secretary of the HCM City Union of Friendship Organisations, presents flowers to congratulate Canadian Consul General Annie Dube at the event on July 2. (Photo: VNA)

Gathering in HCM City marks Canada Day

Since the establishment of diplomatic relations in 1973, the bilateral relationship has continuously developed in a solid, substantive, and effective manner across various fields, including politics, diplomacy, trade, investment, development cooperation, education and training, and people-to-people exchange.

Export hub model opens new pathways for Vietnamese goods in Canada (Photo: VNA)

Model helps boost Vietnamese exports to Canada

In 2024, two-way trade between Vietnam and Canada reached over 11 billion USD, with Vietnam enjoying a trade surplus of nearly 10 billion USD. A key contributor to this success has been Vietnamese-Canadian businesses, notably Renso Foods.

“Golden opportunity” for Vietnamese enterprises to expand rice exports to Canada

“Golden opportunity” for Vietnamese enterprises to expand rice exports to Canada

With an Asia-origin community of around seven million people, Canada is emerging as a promising rice market. As the country seeks to diversify its supply sources, and reduce dependence on a single partner such as the United States, a golden opportunity is open for Vietnamese businesses to expand their rice export share in the Northern American market.

See more

Prime Minister Le Minh Hung (left) receives WTO Director-General Ngozi Okonjo-Iweala in New Delhi, India on September 12 (Photo: VNA)

PM Le Minh Hung calls on WTO to continue support for Vietnam

Vietnam actively and responsibly participates in the WTO’s agenda and supports its coordinating role in promoting inclusive and balanced global trade for peace, cooperation and development, while effectively responding to global challenges, said Prime Minister Le Minh Hung.

Vietnamese Trade Counsellor in India Bui Trung Thuong (Photo: VNA)

Vietnam sees opportunities to deepen engagement with BRICS: Trade Counsellor

Vietnam could deepen cooperation with BRICS through four main areas: expanding trade and market access; attracting and promoting two-way investment; engaging deeper in global supply chains and logistics networks; and advancing cooperation in science-technology, innovation and digital transformation.

Quang Tri province continues to mobilise resources to complete storm shelters and anchorage areas for fishermen. (Photo: VNA)

Quang Tri province mobilises resources for fisheries infrastructure

The provincial People's Committee assigned the Department of Agriculture and Environment to prepare an investment proposal for upgrading and expanding the Con Co storm shelter in Con Co special zone. The project has a total investment of 400 billion VND (15.4 million USD) and is scheduled to be implemented from 2026 to 2028.

A farmer in Tan Phuoc 3 commune, Dong Thap province, harvest pineapples. (Photo: VNA)

Digital transformation ushers Dong Thap agriculture into modern era

The province’s farmers are gradually embracing advances in science and technology and digital transformation, providing an important impetus for the agricultural sector to shift toward modern production in line with Politburo Resolution No. 19-NQ/TW dated June 16, 2022.

Customers shop for handicrafts at a trade fair in Hanoi (Photo: VNA)

Hanoi handicrafts reach 89 international markets

Major export products include rattan and bamboo products, sedge and wickerware, fine wooden furniture and handicrafts, ceramics, lacquerware and textiles. Many craft village products feature diverse designs and good quality, gradually enhancing their competitiveness in both domestic and international markets.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam and French President Emmanuel Macron witness the exchange of cooperation documents and agreements between the two countries. (Photo: VNA)

Finance Ministry, AFD exchange 48.6 million USD financial cooperation deals

An AFD-funded project in Dien Bien province aims to improve the management and efficient use of water resources and strengthen water regulation between river basins, helping secure water supplies for production and daily life while improving resilience to drought, erosion, flooding and climate change.

The working session between Vietnamese Minister of Industry and Trade Le Manh Hung and Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission (photo: moit.gov.vn)

Vietnamese minister proposes EAEU open market to Vietnamese goods

Minister of Industry and Trade Le Manh Hung asked the EAEU to consider removing several obstacles to bilateral trade, with a focus on eliminating the threshold safeguard measure on Vietnamese textile and garment products and opening the Russian market further to Vietnamese fishery products.

Vice Chairman of the Hanoi People’s Committee hands over investment policy approval for Moscow House project in Hanoi to the Moscow authorities. (Photo published by VNA)

Hanoi, Russian localities step up cooperation in urban railways, technology

Secretary of the Hanoi Party Committee Tran Duc Thang and the delegation held talks with Moscow authorities to review implementation of the 2025-2027 cooperation programme and discuss key priorities for the new period, including urban transport, science and technology, digital transformation, trade and investment, and cultural exchanges.

Vietnamese Ambassador to Mexico Nguyen Van Hai (fourth from right) and others attend the seventh Veracruz International Energy Congress. (Photo: VNA)

Vietnam, Mexico strengthen energy, port cooperation

A number of Mexican state Veracruz businesses expressed their wish to organise a delegation to Vietnam to gain first-hand insights into the market, seek partners and explore investment and business opportunities, initially focusing on trade, energy, agriculture and tourism.