Canadian firms seek trade, investment opportunities in Vietnam
Canada’s westernmost province of British Columbia and the Asia-Pacific Foundation of Canada (APFC) held a webinar on May 27 to discuss opportunities for local firms in investing in Vietnam under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Vietnam has bcome the 10th largest export market of British Columbia (Photo: VNA)
Ottawa (VNA) –Canada’s westernmost province of British Columbia and the Asia-Pacific Foundationof Canada (APFC) held a webinar on May 27 to discuss opportunities forlocal firms in investing in Vietnam under the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP).
The event drew representativesfrom various Vietnamese and Canadian authorised agencies and more than 200 BritishColumbia firms.
Addressing the event, GeorgeChow, British Columbia’s Minister of State for Trade, spoke highly ofthe Vietnamese economy’s dynamism, underlining that Vietnam is among the mostopen economies in terms of trade in the world.
He highlighted the important position ofVietnam in the Canadian province’s economic partnership.
In 2019 when the CPTPP tookeffect officially for Vietnam, the Southeast Asian country became the 10th largest export market of British Columbia with total export value of 359 million CAD, Chow said.
The CPTPP has created favourable conditionsfor Canadian businesses to access the Vietnamese market, facilitating exports ofgoods and services as well as investment in various fields, he added.
For his part, Vietnamese Consul General inVancouver Nguyen Quang Trung underscored the growing comprehensive partnership between Vietnamand Canada and British Columbia in particular, even amid the COVID-19 pandemic.
Vietnamese Consul General in Vancouver Nguyen Quang Trung (Photo: VNA)
However, the diplomat said that the bilateral economic cooperation has remained modest compared to the two sides’potential.
Trung lauded the participation ofexperienced Canadian organisations operating in Vietnam in the workshop toprovide objective information for businesses in British Columbia. He hoped Canadian firms of Vietnamese origin will work as bridges to connect businesses from thetwo sides.
At the event, participants gave specificinformation about the Vietnamese market and the advantages that the CPTPP hascreated for Canadian firms to do business and invest in Vietnam. They alsodiscussed a wide range of issues, including the role of Canadian representativeagencies in Vietnam./.
Vietnam and Canada have enjoyed robust trade ties thanks to opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that took effect in Vietnam from January 14, 2019, heard a conference held in Hanoi on March 23.
Preferential tariff treatment under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has brought in robust results to the trade in goods between Vietnam and Canada, according to insiders.
New Consul General of Vietnam to Vancouver (Canada) Nguyen Quang Trung had a virtual meeting with Minister of Jobs, Economic Recovery and Innovation Revi Kahlon and Minister of State for Trade George Chow of British Columbia province on April 16.
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The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Vietnam has bcome the 10th largest export market of British Columbia (Photo: VNA) 
Vietnamese Consul General in Vancouver Nguyen Quang Trung (Photo: VNA) 
