Vietnam, Canada seek to boost economic cooperation
Economic cooperation is a driving force of the comprehensive partnership between Vietnam and Canada, Vietnamese Ambassador to Canada Pham Cao Phong has said.
Ottawa (VNA) – Economic cooperation is a drivingforce of the comprehensive partnership between Vietnam and Canada, VietnameseAmbassador to Canada Pham Cao Phong has said.
Speaking at a seminar, organised on November 9 by the Vietnamese Embassy in Canada in both virtual and face-to-face forms, Phong said that Vietnam has been Canada's largest trading partner in theAssociation of Southeast Asian Nations (ASEAN) for a long time, with two-way trade increased morethan 6.2 times over the past 10 years.
The ambassador said the seminar reflected the embassy's efforts to strengthenpolicy dialogue, and trade and investment promotion to facilitate Vietnam-Canadaeconomic linkages in the context that the global supply chain and economicrecovery process have faced difficulties in the post-COVID-19 period.
Canadian Minister of International Trade, Export Promotion, Small Business andEconomic Development Mary Ng highly appreciated the role of the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) to which both Canada and Vietnam aremembers. The deal has created great opportunities for businesses inboth countries, she said.
The value of two-way trade between Canada and Australia, Japan,New Zealand, Singapore and Vietnam - the five nations which had ratified the CPTPP and had no other trade deals with Canada - grew by nearly 10% from 47.3 billion CAD in 2018 to52.1 billion CAD in 2021, the minister said, adding that Canada’s exports to these countriesalso increased by 8.3% in the period, much higher than its export growth to the rest of the world.
Lisa Thompson, Minister of Agriculture, Food and RuralAffairs of Ontario, affirmed that Canada's most populous province wants to strengthen itslongstanding relationship with Vietnam and underscored opportunities in thefield of trade and investment between the two countries.
At the seminar, economic experts Vo Tri Thanh, Can Van Luc and Nguyen Anh Tuan, Deputy Director of the Department of Foreign Investment under theMinistry of Planning and Investment, briefed participants about Vietnam'seconomic development and preferential policies to attract foreign investment aswell as areas that the country is calling for investment./.
With the COVID-19 pandemic restrictions eased, the granting of visas should be made more convenient and quick to boost cultural and people-to-people exchanges and enhance friendship between Vietnam and Canada, Ambassador to the country Pham Cao Phong told an event on October 3.
Vietnam attended the International Tourism and Travel Show that took place in Montreal, Canada, from October 28-30 after two years of absence due to impact of the COVID-19 pandemic.
An official has advised businesses to adopt green practices to secure sustainable growth in textile and garment export to Canada, where Vietnam ranks second among the exporters of such products.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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.
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.
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.
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 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.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
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.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Illustrative image (Photo: VNA) 
