Business

HCM City wants to boost stronger bilateral trade with Canada

Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai suggested the city and Canada strive for bilateral trade of over 1 billion USD while receiving Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng on March 28.
HCM City wants to boost stronger bilateral trade with Canada ảnh 1From right: Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai (3rd), Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng (4th), and other delegates at the reception in HCM City on March 28. (Photo: VNA)
HCM City (VNA) – Chairman of the Ho ChiMinh City People’s Committee Phan Van Mai suggested the city and Canada strivefor bilateral trade of over 1 billion USD while receiving CanadianMinister of Export Promotion, International Trade and Economic Development MaryNg on March 28.

The two sides boast potential for multi-facetedcooperation, the official explained, expressing his hope for Canadianinvestment of more than 500 million USD in the southern largest economic hub in the timeahead.

Mai viewed Mary Ng’s visit as an opportunity for thetwo sides to enhance cooperation in various fields, especially trade andinvestment.

Mentioning the Comprehensive Trans-PacificPartnership Agreement (CPTPP), to which both Vietnam and Canada are signatories,he said since it was put in place, trade and investment ties between Canada andVietnam, and HCM City in particular, have been growing, yet they have failed tomatch their potential and demand.

Therefore, HCM City encourages businesses of the twocountries to exchange cooperation opportunities and open offices in a bid to double and even triple the  two-way trade revenue.  

Briefing his guest on HCM City’s advantages, Maistressed that apart from trade, it expects to receive Canada’s cooperation andinvestment in education and high-quality personnel training to serve itsinternational integration.

The official also suggested the two sides enhancethe exchange of experience and technologies to spur sustainable development.

For her part, Mary Ng said the visiting Canadiantrade mission comprises more than 100 enterprises operating in differentspheres, from agriculture to processing, space science, green growth, andclimate change response, demonstrating their interest ininvestment in Vietnam.

Canada considers Vietnam an important partner andmarket in its Indo-Pacific strategy, she said, adding that many Canadianbusinesses have invested in electricity and energy, and opened theirrepresentative offices in HCM City.

Canada also wants to learn about Vietnamese firmsthat are seeking business opportunities in the North American country, she said.

The minister affirmed that Canada will work to connect Canadianinvestment funds, organisations, schools and research institutes, and HCM Cityin the realm of human resources development, and the country stands ready toshare its experience with the city in green transition./.
VNA
#Ho Chi Minh City Canada #Phan Van Mai #Mary Ng #bilateral trade #vietnam #vietnam news agency #vietnamplus Canada Vietnam
Follow VietnamPlus

Related News

HCM City eyes boosting agriculture, trade with Canadian province of Nova Scotia

HCM City eyes boosting agriculture, trade with Canadian province of Nova Scotia

Ho Chi Minh City and the Canadian province of Nova Scotia have the potential and advantages to boost cooperation in areas, particularly hi-tech agriculture, and trade of aquaculture products, Vice Chairman of the municipal People’s Committee Vo Van Hoan said during his meeting with Nova Scotia’s Minister of Fisheries and Aquaculture Steve Craig.
HCM City, Canada boast huge potential for cooperation

HCM City, Canada boast huge potential for cooperation

Ho Chi Minh City and Canada should sign Memoranda of Understanding and promote delegation exchange to concretise their cooperation as they have potential to work together in various sectors, running the gamut of agriculture, industry, service, science-technology and education, Vice Chairman of the municipal People’s Committee Vo Van Hoan said on March 27.

See more

Workers process tra (pangasius) for export (Photo: VNA)

Vietnam–Singapore trade continues to thrive

For the year as a whole, Vietnam retained its position as Singapore’s 10th largest trading partner. Bilateral trade reached a record high of nearly 40 billion SGD, up 26.2% from the previous peak of 31.67 billion SGD recorded in 2024.

Eric Van Vaerenbergh, an energy expert and lecturer at the Brussels Engineering School (ECAM) (Photo: VNA)

Belgian expert optimistic about Vietnam’s economic outlook

Vietnam should move from a growth model based mainly on expanding capital and labour to one driven by productivity improvements. He said that this requires enhancing the quality of the workforce, particularly engineers, technicians, and managers in industrial sectors.

Workers at the VSIP Hai Phong industrial and urban complex, which specialises in producing electronic components for office equipment. (Photo: VNA)

Roadmap aims to improve business climate and boost competitiveness

By the end of 2026, Vietnam aims to rank among the world’s top 50 performers in the United Nations Sustainable Development Goals, advance at least three places in the International Property Rights Index, and climb at least one position in the Global Innovation Index.

Vietnam is strengthening its position in the technology value chain, becoming a major manufacturing hub for complete consumer electronics products. (Photo: VNA)

ESG standards offer opportunities to reposition Vietnam’s electronics firms

The 2025-2027 period will be a critical turning point, as exporters to the European market will be required to strictly comply with ESG standards, including net-zero emissions roadmaps, labour standards, corporate governance and transparency requirements. As a key export sector, the electronics industry is being directly and strongly affected by this shift.

A production line for camera modules and electronic components at the factory of MCNEX VINA Co. Ltd, a Republic of Korean-invested company in Phuc Son Industrial Park, Ninh Binh province. (Photo: VNA)

Science, technology, innovation as engines of economic growth

To ensure that science and technology truly act as a powerful growth engine, experts emphasised the need for the Government to put in place supportive mechanisms and policies that encourage enterprises to invest in research and development, while strengthening cooperation among the State, research institutions and the business sector.

The headquarters of the Ministry of Industry and Trade in Hanoi (Photo: VNA)

PM updates lead roles to drive UKVFTA forward

The Ministry of Industry and Trade (MoIT) is named the lead agency, with overall responsibility for the agreement’s general goals and definitions, trade remedies, non-tariff barriers to trade and investment in renewable energy, competition policies, State-owned enterprises, enterprises with special or exclusive rights and those with designated monopolies, as well as institutional, general and final terms.

Vietravel Airlines is taking measures to enhance service quality and optimise operations amid high travel demand during Tet. (Photo: VNA)

Vietravel Airlines to add new route serving Lunar New Year travel peak

During the peak period of the Lunar New Year (Tet) festival in 2026, Vietravel Airlines plans to operate six – eight flights daily on the Ho Chi Minh City – Hanoi route, three flights daily on the Ho Chi Minh City – Da Nang and Ho Chi Minh City – Vinh routes; and two flights daily on the Ho Chi Minh City – Quy Nhon route.

The completion of Can Tho - Ca Mau expressway has helped shorten travel time from Can Tho to Ca Mau to just one hour and a half (Photo: VNA)

Can Tho–Ca Mau expressway fully opens from January 19

The new section, together with the Can Tho–Hau Giang segment that has been operating smoothly since late December last year, has completed the entire 110.85-km route. With total investment exceeding 27.52 trillion VND (1.04 billion USD), the four-lane expressway is built to modern standards and serves as a key transport artery linking major economic and political centres, industrial zones and seaports in the southwestern region.