Webinar spotlights Vietnam-Canada trade in CPTPP in post-COVID era

The Embassy of Vietnam in Canada in coordination with the Canada-Vietnam Trade Council on December 3 held a webinar on “Vietnam – Canada Trade in CPTPP: Ways Forward and Recommendations for the Post-COVID Era”, bringing together about 70 delegates from both sides.
Webinar spotlights Vietnam-Canada trade in CPTPP in post-COVID era ảnh 1Vietnamese Ambassador to Canada Pham Cao Phong. (Photo: VNA)

Hanoi (VNA) – The Embassy of Vietnam in Canada incoordination with the Canada-Vietnam Trade Council on December 3 held a webinaron “Vietnam – Canada Trade in CPTPP: Ways Forward and Recommendations for thePost-COVID Era”, bringing together about 70 delegates from both sides.

Speaking at the event, Vietnamese Ambassador to Canada Pham Cao Phongemphasized that Vietnam proactively joining the CPTPP demonstrates theVietnamese government’s commitment to accelerating institutional reforms in thecontext of international integration. The country’s membership of free tradeagreements, such as CPTPP, would enhance its manufacturing capacity as well ascross-border trade, he said.

Phong noted that Vietnamese and Canadian goods are not competitive butsupplementary to each other. Vietnam mainly exports to Canada mobile phones,textile and garment, footwear, seafood and wood while its imports from Canadainclude wheat, soybeans, minerals, chemicals, and machinery, he added.

Speakers focused their discussions on how to effectively explore theCPTPP’s considerable potentials given that global supply chains are being restructuredbecause of COVID-19, how enterprises from both sides can strengthen mutualunderstanding, and what should be done to encourage Canadian firms to invest inVietnam.

Cindie-Ève Bourassa, Director of Diversity, FTA Promotion, TradeMissions and Outreach at the Global Affairs Canada, said the global tradesystem and trade deals like CPTPP have proved its importance at a time when COVID-19has caused severe disruptions to the global supply chains.

The new-generation trade pact brings big opportunities for Vietnam togain broader access to foreign markets as the 11-nation accord covers nearly500 million people, about 13.3 percent of the global gross domestic product (GDP)and 15 percent of the global trade revenue. It not only boosts trade but alsoeliminates non-tariff barriers and facilitates foreign investment, according toBourassa.

Canadian investors are very competitive in a number of areas ofVietnam’s interest, such as oil and gas, infrastructure development andrenewable energy, she said. She added that education is also a promising areafor the two nations, as Vietnamese spend around 3 billion USD annually foroverseas education and more and more Vietnamese students are interested inpursuing study in Canada.

Vietnam and Canada have seen steady growth in bilateral trade overrecent years, particularly after the CPTPP took effect in late 2018. Last year,the two-way trade rose by 23.4 percent to 6.1 billion USD. Vietnam is forecastto remain Canada’s largest trade partner in ASEAN with bilateral trade growing10 percent this year./.
VNA

See more

Fuel prices surge from 3pm on June 19 (Photo: VNA)

Fuel prices surge from 3pm on June 19

The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.

Vietnamese Ambassador to Germany Vu Quang Minh (right) thanks Selgros Lichtenberg CEO Marco Berger for creating conditions for Vietnamese agricultural products to reach German customers (Photo: VNA)

Vietnamese Goods Day promotes Bac Giang lychees in Germany

While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.

An article published by Cuba’s Inter Press Service (IPS) spotlights the promising results of a unique rice cooperation model with Vietnam, as Cuba ramps up efforts to improve national food security. (Photo: Screenshot)

Vietnam–Cuba rice partnership sets new model for sustainable food security: media

The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.

Algerian delegates explore Vietnamese products showcased at the event (Photo: VNA)

Vietnam seeks to expand trade ties with Algeria

During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.

A H&M store (Photo: Reuters)

Vietnamese firms eye new opportunities with Nordic partners

A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.

The Lao Bao (Vietnam) – Densavan (Laos) international border gate (Photo: VNA)

'Single-Stop' procedure at Lao Bao–Densavan border gate halted

Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.

Wind energy is expected to be a source of clean power. (Photo: VNA)

Germany invests 50 million USD in renewable energy workforce training in Vietnam

The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.

ITM Semiconductor Vietnam Co., Ltd. in VSIP Industrial Park, Tu Son, Bac Ninh has always been given favorable conditions by the locality for production and business. (Photo: VNA)

Bac Ninh exerts efforts to ensure businesses thrive

To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.

Vietnamese Ambassador to Sweden (second, from left) Tran Van Tuan meets with representatives of H&M. (Photo: moit.gov.vn)

H&M, Nordic businesses seek suppliers in Vietnam

The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.