Canadian province has high hopes for stronger economic ties with Vietnam
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.
Vietnamese Consul General to Vancouver Nguyen Quang Trung (left) and the two British Columbia ministers at the teleconference on April 16 (Photo: VNA)
Ottawa (VNA) – New Consul General of Vietnam toVancouver (Canada) Nguyen Quang Trung had a virtual meeting with Minister of Jobs, Economic Recovery and Innovation ReviKahlon and Minister of State for Trade George Chow of British Columbia provinceon April 16.
Trung highlighted the soundcooperation in various areas between Vietnam and Canada, as well as betweenVietnam and British Columbia, in recent years, even amid the COVID-19 pandemic.
Despite the pandemic’simpacts, trade between Vietnam and the Canadian province still approximated 2billion CAD (nearly 1.6 billion USD) in 2020, he noted.
The two ministers of BritishColumbia affirmed that the province’s administration wishes to expandinternational cooperation, especially with the Asia-Pacific region.
Vietnam is currently expectedto become a bridge for Canadian goods and services to access the market ofnearly 660 million consumers of the Association of Southeast Asian Nations (ASEAN),they said.
As the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) is opening up newopportunities, the ministers also expressed their interest in the potential forcooperation with Vietnam in the wood, coal, and fisheries industries andtechnology application to agriculture.
Vietnam, one the 10 most openeconomies in the world, is emerging as an attractive destination for manyinvestors from British Columbia, Trung said, voicing his belief that the twosides will become great partners as Vietnam and Canada now have the best-evereconomic and political ties.
The Vietnamese diplomat andthe British Columbia ministers also agreed to exert efforts to realise theVietnam-Canada comprehensive partnership, set up in 2017./.
The Communist Party of Vietnam (CPV) is an “architect” of great achievements in economic development, building democracy and enhancing the country’s position on the international arena, Steve Rutchinski of the Canada-Vietnam Friendship Society (CVFS) has said.
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.
A business delegation organised by the World Trade Centre Toronto, the Canadian Chamber of Commerce in Vietnam, and their partners, is virtually exploring smart city development trends in Vietnam from March 22 to 26.
The Canadian Embassy in Vietnam on March 30 inaugurated a Canadian-funded road leading to a charitable house in Cam Phuoc Dong commune in the central province of Khanh Hoa’s Cam Ranh city.
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.
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.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
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.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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.
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.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
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.
Vietnamese Consul General to Vancouver Nguyen Quang Trung (left) and the two British Columbia ministers at the teleconference on April 16 (Photo: VNA) 
