Vietnam-Canada Investment Forum opens up cooperation opportunities
The Vietnam-Canada Investment Forum was held online on April 7 (Canada time), offering a good opportunity for the Southeast Asian nation to promote and attract investment, and to intensify the supply chain between the two sides at a time when both economies are showing signs of good recovery.
Hanoi (VNA) – The Vietnam-Canada Investment Forum was held online onApril 7 (Canada time), offering a good opportunity for the Southeast Asian nation to promoteand attract investment, and to intensify the supply chain between the two sides at a time when both economies are showing signs of good recovery.
The forum was among activities organised by the VietnameseEmbassy in Canada to promote the economic diplomacy so as to serve thenational development cause.
Ambassador Pham Cao Phong said that the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) of which both arefounding members has facilitated their trade, investment and supply chain.
According to him, Vietnam is an attractive destination forinvestment and business activities thanks to its political and macroeconomicstability, geographical location, favourable environmental and land conditions,dynamic and abundant human resources and many other factors. Vietnam hasimproved business and investment policies, and developed master plans such as"Make in Vietnam 2025", and the Vietnam Industrial DevelopmentStrategy to 2025, with a vision to 2035 to realise its long-term growthpotential.
Member of provincial Parliament of the Legislative Assemblyof Ontario Laurie Scott, who is Parliamentary Assistant to the Minister ofEconomic Development, Job Creation and Trade, said that Ontario hopes toconsolidate its relations with Vietnam, which has been Canada’s biggest trade partner inASEAN since 2015.
Notably, two-way trade between Ontario and Vietnam hitnearly 6 billion CAD (4.76 billion USD) in 2021, accounting for over 50 percentof the two countries’ total trade value.
In the context of Ontario exerting efforts to diversifyinternational trade, the province's administration is eyeing cooperationopportunities with Vietnamese businesses in financial services, informationtechnology and infrastructure.
At the forum, representatives from the two countries’companies such as FPT Canada, Manulife Vietnam and Dan On Food Canada sharedtheir experience in market approach./.
Vietnam and Canada have enjoyed robust collaboration ties in the past years. In a recent interview with the Vietnam News Agency, Canadian Ambassador Deborah Paul has affirmed that despite the raging COVID-19 pandemic, both nations witnessed rosy relations in 2021. Particularly, trade and investment were billed as important locomotives to develop the ties into a new high.
Vietnam exported 5.3 billion USD worth of goods to Canada in 2021, up 21 percent year-on-year despite facing challenges caused by the prolonged pandemic, according to the Vietnamese Trade Office in Canada.
Prime Minister Pham Minh Chinh on March 10 held a reception for outgoing Canadian Ambassador Deborah Paul, during which he lauded the diplomat's contributions to the comprehensive partnership between the two countries.
Vietnam is willing to work together with Canada to boost their comprehensive partnership in an effective and practical manner, Minister of Foreign Affairs Bui Thanh Son affirmed during a phone talk with his Canadian counterpart Melanie Joly on March 22 night.
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.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Illustrative image (Photo: VNA) 
