In 2024, two-way trade between Vietnam and Canada reached over 11 billion USD, with Vietnam enjoying a trade surplus of nearly 10 billion USD. A key contributor to this success has been Vietnamese-Canadian businesses, notably Renso Foods.
Export hub model opens new pathways for Vietnamese goods in Canada (Photo: VNA)
Ottawa (VNA)♛ - Despite North America’s ongoing supply chain disruptions and a decline in Canada’s imports from major partners amid trade tensions with the US, Vietnam’s exports to Canada continued to grow strongly in the first quarter (Q1) of 2025, reaching nearly 2 billion USD up over 13% year-on-year.
If this pace is maintained, Vietnam’s exports to Canada can surpass annual targets, supporting Vietnamese enterprises in expanding their footprint in this market.
In 2024, two-way trade between Vietnam and Canada reached over 11 billion USD, with Vietnam enjoying a trade surplus of nearly 10 billion USD. A key contributor to this success has been Vietnamese-Canadian businesses, notably Renso Foods.
Originating as a small venture in Vancouver, Renso Foods has grown into a major distributor with three main warehouses serving both the east and west coasts of Canada.
The company is now pursuing the ambitious goal of establishing "Renso Hub", a distribution centre based on the “hub-and-spoke” model to support Vietnamese enterprises.
According to Renso Foods’ Global Sales Director Faisal Rahman, the model could extend beyond North America to markets such as Australia and across Asia, serving as a gateway to global promotion for Vietnamese products.
Renso Foods CEO Linda Vu highlighted that while Vietnamese agricultural goods are of high quality and suit global tastes, they have yet to make a strong impression as distinct Vietnamese products on the international stage. The establishment of Renso Hub aims to change that by focusing on processed agricultural exports from Vietnam to North America and beyond.
Currently, Renso Foods imports over 100 Vietnamese products, many of which are co-branded with Vietnamese producers under the Renso label. This strategy, using a locally registered brand, ensures consistent quality control and market access, strengthening both the brand and the presence of Vietnamese goods in Canada.
Renso has trademarked its brand in over 46 countries and is actively involved in Canada’s food and beverage associations. According to East Coast Marketing Director Truong Cung Nghia, this branding strategy is key to ensuring product recognition and compliance with Canadian regulations./.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
