Business

Forum looks to promote Vietnam – Canada economic ties via CPTPP

A Vietnam – Canada business forum was held in Hanoi on March 25, aiming to enhance the bilateral economic relations via the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Forum looks to promote Vietnam – Canada economic ties via CPTPP ảnh 1Vice Chairman of the State Committee for Overseas Vietnamese (OV) Affairs Nguyen Manh Dong speaks at the forum. (Photo: VNA)
Hanoi (VNA) – A Vietnam – Canada business forum was held in Hanoion March 25, aiming to enhance the bilateral economic relations via theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

In his opening remarks, Vice Chairman of the State Committee for OverseasVietnamese (OV) Affairs under the Ministry of Foreign Affairs Nguyen Manh Dong highlightedthat OVs and OV businesses have unceasingly developed and affirmed theirpositions in foreign countries over the past time.

The Vietnamese entrepreneur community, which has been present in 130 countries and territoriesacross the globe with 30 associations, has worked as bridges promoting economic-trade ties between Vietnam and other nations, he said, laying a stresson the contributions made by Vietnamese enterprises in Canada toconsolidating and boosting the Vietnam – Canada Comprehensive Partnership inall areas, especially when both nations are members of the CPTPP.

He went on to point out that the Vietnam – Canada Business Association (VCBA) hasorganised various trade and investment promotion activities in both nations.

Dong expressed his hope that the forum would create opportunities for competentquarters to contribute to delivering on the goals of the two nations undertheir comprehensive partnership as well as the trade pact.

At the event, participants discussed and introduced potential and opportunitiesof Vietnamese exports in the fields of construction, garment and textiles,footwear, furniture, steel and machines, among others to Canada and the NorthAmerican market as a whole.

Forum looks to promote Vietnam – Canada economic ties via CPTPP ảnh 2At the Vietnam – Canada business forum on March 25. (Photo: VNA)
They held that Vietnam has effectively capitalised on the CPTPP to bolstershipments to Canada where Vietnamese goods are entitled to the Most Favoured Nation(MFN) tariff and Generalised System of Preferences

However, several businesses described stringent requirements and trade barriersin Canada and the North American market as challenges for Vietnamese exporters.

The VCBA was set up in October 2022 under the direction and accompany of the VietnamConsulate General in Vancouver. The association has connected Vietnamese andCanadian entrepreneurs with a desire to run business and land investments in thetwo countries, helping enhance the bilateral economic ties./.
VNA
#Vietnam – Canada business forum #bilateral economic ties #CPTPP #trade and invetment promotion activities #MFN tariff #stringent requirements #Vietnam News Agency #Vietnamplus Canada
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