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./.

See more

Transport, industrial development essential for Thai Binh to be wealthier: PM
The groundbreaking ceremonies of the Ninh Binh–Hai Phong Expressway Project’s section and the Hung Phu Industrial Park in Thai Binh affirm the government’s determination to create an attractive investment and business environment for both domestic and foreign investors; foster provincial and regional connectivity, generate momentum and open new development space for Thai Binh and the northern coastal region.

Ca Mau fertiliser gains top-level export certification from Australia
PVCFC was the only fertiliser company in Vietnam to achieve "Level Two System Status" in Australia as of 2024 and has since advanced to Level One by 2025.

Vietnam Airlines signs MoU on cooperation with Russia's VTB Bank
The MoU also demonstrates Vietnam Airlines' efforts to expand its partnership in the international market, while affirming its pioneering role in connecting Vietnam with the world, contributing to the sustainable development of Vietnam-Russia relations in the new period.

Vietnam eyes 8% growth in 2025 through strategic reforms
With decisive policy actions, proactive diplomacy and strategic reform priorities, the country is now aiming for an ambitious GDP growth target of 8% or more this year - a goal lawmakers and experts believe is within reach, provided key breakthroughs are implemented effectively.

Vietnam enjoys positive export growth in new markets
According to the Ministry of Industry and Trade, by the end of April, Vietnam’s total export turnover reached 140.34 billion USD, an increase of 13% compared to the same period in 2024.

Hanoi targets 30,000 new enterprises in 2025
By the end of 2024, the number of registered enterprises in the capital city reached over 400,000, with about 220,000 operating. Notably, more than 98% of the operating firms are SMEs which create jobs for 55.1% of the local workforce and contribute over 40% of the city’s gross domestic product (GDP).

TH Group inaugurates large-scale dairy processing plant in Russia
The plant has a total capacity of 1,000 tonnes per day, with the first phase producing 500 tonnes daily. All milk used at the plant is sourced from TH’s high-tech farms in the Moscow and Kaluga oblasts. TH milk boasts a high nutritional profile, with a fat content of 4.0% and protein at 3.2% — among the highest quality levels in Russia.

Reference exchange rate down 6 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,945 VND/USD on May 12, down 6 VND from the last work day of the previous week.

Vietnamese enterprises urged to adopt strategic measures amid US tariff threat
Amid unpredictable fluctuations in US tariff policies, Vietnamese businesses must take a proactive and strategic approach to sustain their exports to this key market, experts emphasised at a workshop held in Ho Chi Minh City on May 9.

Vietnam creates favourable conditions for Russian businesses: Party chief
Lam emphasised that promoting cooperation among businesses of the two sides plays an important role in implementing high-level agreements on socio-economic development. The two sides have important pillars of cooperation in energy, industry, science - technology and human resource training.

Ample room remains for Vietnam-Belarus trade cooperation
The coming state visit to Belarus by Party General Secretary To Lam is expected to create new impetus to consolidate and strengthen the bilateral relations, and open up opportunities for businesses of the two countries in trade and investment cooperation.

Major opportunities for Vietnamese agricultural product exports to enter Chinese market
China is tightening its import regulations, aligning them more closely with high-standard markets like Japan and the Republic of Korea. This requires Vietnamese producers and exporters to adopt more professional, transparent, and sustainable business practices.

PM calls for breakthrough policies for Vietnam’s int’l financial centre
Under the Politburo's conclusion, an international financial centre in Ho Chi Minh City and a regional financial centre in Da Nang will operate under exceptional management mechanisms that enhance competitiveness while implementing appropriate risk management and oversight protocols.

Vietnam’s chemical giant launches e-commerce platform
The launch of the e-commerce platform is part of Vinachem's efforts to promote green transition and digital transformation.

PM requests steering clear of formalism to accelerate transport projects
The basic progress and quality targets remain unchanged, the PM stated, ordering efforts be made to prevent wastefulness and negative phenomena during the implementation of national and key transport projects.

Ministry requests data provision to demonstrate compliance of Vietnamese goods
The US is now a comprehensive strategic partner and one of Vietnam's largest export markets. Meanwhile, Vietnam ranks as the US's eighth-largest trading partner, and American consumers favour Vietnamese products for their their quality and affordability.

Conference seeks ways to promote Vietnam-US agricultural trade
In 2024, exports to the US reached over 13.7 billion USD, accounting for 22% of total sector export value. In the first four months of 2025, the figure rose to 4.34 billion USD, up 10.2% year-on-year.

Vietnam’s retail electricity price climbs 4.8%
Since early 2023, electricity prices in Vietnam have been increased four times, 3%, 4.5% and two consecutive 4.8%.

HCM City – “Fertile land” for “eagles” to soar
Investors in HCM City can benefit from the most modern and comprehensive infrastructure system in Vietnam, along with open and supportive investment regulations and policies.

Private sector empowers Vietnam’s steel revolution
Steel production has transformed significantly thanks to active participation from private enterprises, which have invested big in advanced production technologies and completed steel manufacturing lines with high-capacity plants, resulting in diverse and high-quality products.