Da Nang seeks business cooperation opportunities with Canada
Canada’s economy as well as investment and business opportunities in the market were introduced to enterprises in Vietnam’s central city of Da Nang at a workshop on August 6.
Da Nang (VNA) – Canada’s economy as wellas investment and business opportunities in the market were introduced toenterprises in Vietnam’s central city of Da Nang at a workshop on August 6.
The event, jointly held by the Canadian Embassy in Vietnam and the municipalDepartment of Industry and Trade, took place within the International East-WestEconomic Corridor (EWEC) Trade and Tourism Fair.
Dinh Cong Thanh, Trade Commissioner at the Canadian Embassy, said Canadiangoods are well-known worldwide for quality and observance of internationalstandards.
Besides, under the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) to which both Vietnam and Canada are signatories, the sharptax reduction will help to increase price competitiveness of Canadian goods in Vietnam.
Agricultural, forestry, fishery, industrial and consumer goods will enjoy taxcuts from 5 to 40 percent, he added.
Apart from promoting market approach, the agreement has also created a legalframework for investment and services between Vietnam and Canada, Thanh said.
Nguyen Thi Thuy Mai, Deputy Director of the municipal Department of Industryand Trade, said the workshop gives local businesses an insight into Canada high-qualityproducts and suppliers.
Vietnam has become Canada’s largest trade partner in Southeast Asia since 2015.Last year, two-way trade reached 6.4 billion CAD (4.84 billion USD), up 0.3billion CAD as compared to the previous year.
As a new-generation free trade agreement, theCPTPP is expected to open up new opportunities for enterprises of Vietnam andCanada.
The August 2-7 EWEC Trade andTourism Fair features nearly 500 booths from more than 350 businesses in 18cities and provinces, along with 11 foreign organisations and enterprises.
On display are electrical and electronicdevices, timber products, furniture, handicrafts, jewelry, tourism products,consumer goods, garments-textiles, footwear, pharmaceutical products andcosmetics.-VNA
Vietnam is ready to establish a defence policy dialogue mechanism at deputy ministerial level with Canada, Deputy Defence Minister Nguyen Chi Vinh said.
A delegation of the National Assembly Committee for Social Affairs, led by its deputy head Bui Sy Loi, has visited Canada to exchange experience in policy and law building regarding labour, health and gender equality issues.
The State Audit Office of Vietnam (SAV) and the Canadian Audit and Accountability Foundation (CAAF) signed a memorandum of understanding (MoU) on cooperation within the framework of a working visit to Canada from April 7-12 by a delegation from the SAV and the National Assembly’s Finance-Budget Committee.
Vietnamese Defence Minister Ngo Xuan Lich and his Canadian counterpart Harjit Singh Sajjan have expressed their belief that the bilateral defence ties will progress in the time ahead, helping enrich the Vietnam-Canada comprehensive partnership.
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.
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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.
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.
At the workshop (Photo: VNA) 
