Vietnam Chamber of Commerce and Industry (VCCI) and the Canada-Vietnam Business Council signed a cooperative agreement in Hanoi on Dec. 9.

Addressing the function, VCCI Permanent Deputy Chairman Hoang Van Dung said Vietnam-Canada economic and trade cooperation does not match the two countries’ potential and strengths.

The signing of the agreement will help boost trade relations between the two countries via market approaches and providing information on economic, trade and investment development policies, as well as setting up a working group to maintain regular information exchange, he said.

Dung pledged Vietnam will support and create all favourable conditions for Canadian businesses to invest in the Southeast Asian country as well as deal with difficulties the two sides have faced in the past.

According to the President of the Canada-Vietnam Business Council, Danny Leung, the signing of the agreement is a positive signal in economic development between the two countries.

The document will serve as a legal corridor for both sides to seek effective measures to strengthen economic and trade cooperation in the future, he said./.