AGILE is not only a testament to the long-standing and trusted strategic partnership between Vietnam and Canada, but also an important contribution to the Vietnamese Government’s efforts to promote innovation and sustainable growth within the private sector, thereby effectively mobilising private investment to realise inclusive and sustainable development goal.
Nguyen Thi Ngoc Diep, Vice Chairwoman of the municipal People’s Committee, expressed appreciation for Canada’s support through the UN Development Programme (UNDP), which has funded the smart climate-resilient coastal community project.
During their meeting on October 27 on the sidelines of the 47th ASEAN Summit in Kuala Lumpur, Malaysia, the ministers highly valued the strong political and diplomatic ties between Vietnam and Canada, noting that bilateral trade has advanced in recent years but remains below the potential and strength of each side.
Enterprises of both countries still have substantial room to tap into, the Vietnamese minister said, suggesting them boost connections in production, supply chains, technology, and brand development.
A trade promotion delegation from the Vietnam Textile and Apparel Association (VITAS), comprising nine enterprises, is attending the fair with the goal of expanding market access and maximising free trade agreement benefits. While the US has traditionally been Vietnam’s leading market, accounting for over 40% of total exports, recent tariff barriers have prompted many Vietnamese firms to seek new destinations.
Canada is a promising market for Vietnamese coffee, with exports skyrocketing 300% from 10 million USD to nearly 40 million USD since both countries joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
This marked the first time Canada’s largest footwear and accessories exhibition hosted Vietnamese companies. This year event brought together 20 Vietnamese firms and hundreds of major Canadian industry players.
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.
At the event, the students were informed about how to take advantage of the free trade agreements that Vietnam and Canada have signed to optimise supply chains, production and export channels. In addition, they also heard about Vietnam's potential as an Asian logistics hub.
The Vietnamese companies showcased a wide range of goods, from raw input materials for production chains to high-value processed food products.
Quebec leaders expressed their determination to bolster comprehensive cooperation with Vietnam as part of Canada's strategy to diversify markets and reduce its dependence on the US market.
The establishment of the Eastern Chapter not only marks a significant step in the Vietnam-Canada Business Association's growth but also addresses the rising demand for networking and collaboration among Vietnamese and Canadian entrepreneurs in the region.
Established in Vancouver recently, Renso Foods has risen to be a popular supplier of Vietnamese products in Canada, a market with high demand for processed food and a stable retail sector.
Vietnam is emerging as a promising destination for Canada's manufacturing investments, particularly for those aiming to tap into the lucrative markets of the Association of Southeast Asian Nations (ASEAN) and the broader Asia-Pacific region.
Minister of Industry and Trade Nguyen Hong Dien had meetings with Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng and Singapore’s Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong on November 28 within the framework of the eighth Comprehensive and Progressive Agreement for Trans-Pacific Partnership Commission (CPTPP) meeting in Vancouver, Canada.
A forum aimed at strengthening Vietnam-Canada collaboration in the production and energy sectors has been held in Vancouver by Vietnam’s Trade Office in Canada in partnership with the Canada-ASEAN Business Council.
Vietnam is a notable destination for the Canada-based startup dynaCERT to expand its carbon emission reduction technology for diesel engines called HydraGEN, President and CEO of the firm Jim Payne told the Vietnam News Agency.
The Vietnam Trade Office in Canada has taken part in the 2024 MIBIExpo, an international investment promotion exhibition, in Montreal, to enhance cooperation and connections between the two countries.
A delegation of the administration of northern Hai Phong city has signed a letter of intent (LOI) with the Canadian - ASEAN Business Council (CABC) and visited dynaCert, a Canada-based company delivering carbon emission reduction technologies, in efforts to connect technology supply and demand and help local businesses expand markets.
KD Trading, a logistic company run by two Vietnamese-Canadians, has become the sole partner to distribute ST25 rice (Mr. Cua's rice) in the Canadian market.
The Vietnam-Canada Business Association (VCBA) on August 9 coordinated with the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) to organise a seminar in both in-person and online format to support Vietnamese enterprises in accessing the North American and Canadian markets.
The Investment and Trade Promotion Centre of Ho Chi Minh City (ITPC) in collaboration with ATIM Consulting Joint Stock Company organised a seminar to promote bilateral trade between Vietnamese businesses and their Canadian counterparts on August 8.
The Vietnam Trade Office in Canada has introduced the structure of Vietnam’s agricultural products and the potential for cooperation between Vietnamese enterprises with their peers in Alberta province of Canada in farm produce production and processing.
The Vietnamese - Canadian Business Association (VCBA) is set to further promote business matching between the two countries to help fuel bilateral economic ties in the coming years.
To further advance collaboration projects marking 30 years of Canada's development support for Vietnam, the Vietnamese Trade Office in Canada recently held a working session with Minister of International Development Ahmed Hussen.