Business

Vietnam, Canada seek cooperation opportunities in energy, production, finance

The Commission for Management of State Capital at Enterprises (CMSC), in collaboration with the Vietnam Trade Office in Canada and the Export Development Canada (EDC), organised a seminar in Toronto on August 14 to connect the two countries’ businesses and seek cooperation opportunities in energy, production, and finance.

CMSC Vice Chairman Do Huu Huy speaking at the seminar (Photo: VNA)
CMSC Vice Chairman Do Huu Huy speaking at the seminar (Photo: VNA)

Ottawa (VNA) – The Commission for Management of State Capital at Enterprises (CMSC), in collaboration with the Vietnam Trade Office in Canada and the Export Development Canada (EDC), organised a seminar in Toronto on August 14 to connect the two countries’ businesses and seek cooperation opportunities in energy, production, and finance.

The event, held within the framework of a CMSC delegation’s working visit to the North American region, attracted the interest of many organisations and enterprises from both countries, including the Canada-ASEAN Business Council (CABC) which represents over 80 leading Canadian companies operating in the Association of Southeast Asian Nations (ASEAN).

At the seminar, in addition to connecting and expanding cooperation between the two countries’ businesses, the CMSC delegation and Vietnamese state-owned enterprises (SOEs) also had an opportunity to exchange experiences on state budget management models as well as government support models for SOEs.

Do Huu Huy, CMSC Vice Chairman, said that through this event, Vietnam could learn a great deal from Canada regarding the management of these enterprises.

Speaking to the Vietnam News Agency, Trade Counselor of the Vietnamese Embassy Tran Thu Quynh said that CMSC members and SOEs in Vietnam will have various opportunities to cooperate with Canadian businesses, particularly in the fields of clean energy, clean technology, and decarbonisation, which are Canada’s strengths and align well with both parties' goals of promoting government and economic greening.

Vietnamese enterprises in the insurance, rubber, oil and gas, and freight transport sectors are also seen as having significant potential, as these areas can connect into a cooperative ecosystem and represent the next step in linking the production and supply chains between the two economies.

CABC President Wayne Farmer stated that many manufacturing activities have been shifting to Vietnam over the recent past. As the supply chain evolves, there will be significant interest in energy and energy transition related to clean technologies, such as nuclear technology and nuclear power plants.

Bilateral trade reached 10.4 billion USD last year, representing a 108% increase compared to five years ago. Vietnam has become Canada's largest trade partner within ASEAN, while Canada has been the second-largest investor and trade partner of Vietnam in North America./.

VNA
#Commission for Management of State Capital at Enterprises #Export Development Canada #Canada-ASEAN Business Council #Canada #Vietnam
Follow VietnamPlus

Related News

Tran Phu Lu, Director of the Investment and Trade Promotion Centre of Ho Chi Minh City, speaks at the event (Photo: VNA)

HCM City seminar promotes Vietnam-Canada trade

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.

See more

A Vietcombank employee guides a client in biometric process (Photo: qdnd.vn)

Vietnam's biometric surge powers digital banking overhaul

As the Party identified breakthroughs in science – technology and innovation as a key driver of national progress, the mastery and adoption of biometric technologies must go hand in hand with safeguarding public trust, data security, and citizens’ interests, all aligned with the people-first philosophy guiding the country's digital agenda.

The Ministry of Finance is working to establish a mechanism for regular and ongoing dialogue with international credit rating agencies, including Fitch, Moody’s and S&P. (Illustrative image: VNA)

Fitch Ratings upgrades Vietnam’s senior secured long-term debt rating to BBB-

The rating for Vietnam’s secured long-term debt was raised to BBB-, equivalent to investment grade, one notch higher than the country’s long-term foreign-currency rating on unsecured debt, which remains at BB+. The upgrade followed Fitch’s review under its revised Sovereign Rating Criteria issued in last September, said the Ministry of Finance.

A view of the site where the Ninh Thuan 1 Nuclear Power Plant is located in Phuoc Dinh commune, Khanh Hoa province (Photo: VNA)

Nuclear experts urge century-long commitment at 14th Party Congress

VietNuc’s executive board, including Chairman Bui Nguyen Hoang from the Électricité de France SA (EDF) (EDF), Ung Quoc Hung from Setec Nucléaire Group, and Vu Minh Ngoc from French National Radioactive Waste Management Agency Andra, hoped that the Congress would refine mechanisms and policies to better tap OV nuclear talents.

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, speaks at the seminar (Photo: VNA)

Indonesia ready to cooperate with Vietnam in halal sector

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, described Vietnam as a “potential supplier” of halal products with the capacity to play a larger role in the market, particularly in the fast-moving consumer goods (FMCG) sector. He revealed a plan to visit Vietnam next week to discuss the country’s progress in the global halal industry.

Delegates perform the opening ceremony. (Photo: VNA)

Thailand Week 2026 opens in Hanoi

The event brings together more than 100 companies, including Thai enterprises and Vietnamese importers, across about 120 booths. It features a wide range of Thai products aligned with consumer trends in Vietnam, including food and beverages, health and beauty, mother-and-baby and pet products, fashion and jewellery, household goods and tourism services.

Illustrative image (Photo: VNA)

Vietnam remains Singapore’s third-largest seafood supplier in 2025

Data released by the Accounting and Corporate Regulatory Authority of Singapore (ACRA) show that Singapore spent 125.5 million SGD (97.7 million USD) importing seafood from Vietnam last year, up 10.7% year on year, accounting for 10.3% of the city-state’s total seafood import market.

Workers assemble mobile phone components at Diem Thuy Industrial Park in the northern province of Thai Nguyen. (Photo: VNA)

Electronics exports surpass 107 billion USD in 2025

With an export turnover of 107.75 billion USD in 2025, computers, electronic products and components not only maintained their position as Vietnam’s largest export by value, but also contributed more than half of the overall increase in the country’s export turnover in 2025.

Experts said that Vietnam’s economic outlook continues to be underpinned by stable foreign direct investment inflows and public investment, which is playing an important role in driving growth. (Photo: thoibaotaichinh.vn)

Foreign investors maintain strong confidence in Vietnam’s market

Looking ahead to 2026, prospects remain bright as manufacturing, economic growth and foreign investment in Vietnam are expected to stay robust, with the country forecast to post the highest growth rate in the region this year, according to Adam Sitkoff, Executive Director of the American Chamber of Commerce (AmCham) in Vietnam.