Illustrative image (Photo: VNA) The forum was among activities organised by the VietnameseEmbassy in Canada to promote the economic diplomacy so as to serve thenational development cause.
Ambassador Pham Cao Phong said that the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) of which both arefounding members has facilitated their trade, investment and supply chain.
According to him, Vietnam is an attractive destination forinvestment and business activities thanks to its political and macroeconomicstability, geographical location, favourable environmental and land conditions,dynamic and abundant human resources and many other factors. Vietnam hasimproved business and investment policies, and developed master plans such as"Make in Vietnam 2025", and the Vietnam Industrial DevelopmentStrategy to 2025, with a vision to 2035 to realise its long-term growthpotential.
Member of provincial Parliament of the Legislative Assemblyof Ontario Laurie Scott, who is Parliamentary Assistant to the Minister ofEconomic Development, Job Creation and Trade, said that Ontario hopes toconsolidate its relations with Vietnam, which has been Canada’s biggest trade partner inASEAN since 2015.
Notably, two-way trade between Ontario and Vietnam hitnearly 6 billion CAD (4.76 billion USD) in 2021, accounting for over 50 percentof the two countries’ total trade value.
In the context of Ontario exerting efforts to diversifyinternational trade, the province's administration is eyeing cooperationopportunities with Vietnamese businesses in financial services, informationtechnology and infrastructure.
At the forum, representatives from the two countries’companies such as FPT Canada, Manulife Vietnam and Dan On Food Canada sharedtheir experience in market approach./.
VNA
