Vietnam, Canada strengthen cooperation amidst global trade tensions
Quebec leaders expressed their determination to bolster comprehensive cooperation with Vietnam as part of Canada's strategy to diversify markets and reduce its dependence on the US market.
Quebec leaders have expressed their determination to bolster comprehensive cooperation with Vietnam as part of Canada's strategy to diversify markets. (Photo: VNA)
Ottawa (VNA) - As trade tensions with the US escalate, Canada's Quebec province is actively seeking reliable partners, with Vietnam emerging as a destination of strategic significance.
At the recent meetings with the Vietnamese Embassy’s delegation, led by Ambassador Pham Vinh Quang, Quebec leaders expressed their determination to bolster comprehensive cooperation with Vietnam as part of Canada's strategy to diversify markets and reduce its dependence on the US market.
𝔍 Quebec's Minister of International Relations and La Francophonie Martine Biron underscored the importance of establishing a direct maritime transport corridor between the port of Montreal and Vietnam, helping optimise shipping costs and time while demonstrating the locality’s efforts to address current trade challenges.
Vietnamese Ambassador Pham Vinh Quang (L) and Quebec's Minister of International Relations and La Francophonie Martine Biron (Photo: VNA)
With its GRDP valued at approximately 320 billion USD in 2024, Quebec is positioning itself as one of Canada's most dynamic economies. The province not only leads in renewable energy production but also boasts strengths in innovation, information technology, artificial intelligence, and biotechnology.
Quebec has invested in 125 projects with Vietnam while bilateral trade stands at 1.5 billion USD, contributing to the total Vietnam - Canada trade turnover of 11 billion USD in 2024. This turns Vietnam into Canada's largest trading partner in ASEAN.
💜 Notably, as the US recently announced reciprocal tariffs on several countries, Quebec's Deputy Minister of International Relations and La Francophonie Alain Sans Cartier emphasised the importance of countries uniting to address common challenges, while affirming the province's commitment to the free trade policy./.
The establishment of the Eastern Chapter not only marks a significant step in the Vietnam-Canada Business Association's growth but also addresses the rising demand for networking and collaboration among Vietnamese and Canadian entrepreneurs in the region.
Beyond traditional sectors, Saskatchewan is eager to expand ties with Vietnam in renewable energy, mineral extraction and processing, and innovation, Kaeding noted.
Established in Vancouver recently, Renso Foods has risen to be a popular supplier of Vietnamese products in Canada, a market with high demand for processed food and a stable retail sector.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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.
