Vietnam-Canada trade value hits over 3 billion USD
Vietnam continued to lead the Association of Southeast Asian Nations (ASEAN) in terms of trade with Canada with two-way trade value reaching 3 billion USD after nine months of 2016.
Workers at a production line at a shrimp processing factory. (Source: VNA)
Ottawa (VNA) – Vietnam continued to lead the Association of Southeast Asian Nations (ASEAN) in terms of trade with Canada with two-way trade value reaching 3 billion USD after nine months of 2016.
According to Statistics Canada, Vietnam’s exports to Canada were valued at over 2.7 billion USD, up 14.8 percent against the same period last year, while imports totalled 350 million USD, down 26.8 percent.
The country’s main exports to Canada included machinery, electric and electronic appliances, footwear, clothing, and interior and exterior wood furniture.
Meanwhile, Vietnam imported seafood, cereals, fertilisers, soybean and machinery from Canada.
According to Hoang Anh Dung, Vietnam’s commercial counsellor in Canada, Vietnam’s export growth to Canada is remarkable in the context of decreasing exports of other ASEAN countries to Canada.
Vietnam was the fifth largest Asian exporter to Canada after China, Japan, the Republic of Korea and Taiwan (China) in the reviewed period, up one place from the same period last year.
🧸 Statistics Canada shows that the North American country’s total trade value in the first three quarters was 590 billion USD, of which export value stood at 287 billion USD, down 7.6 percent, and import value, 303 billion USD, down 4.8 percent.-VNA
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A defence attaché delegation from the Canadian Embassy in Vietnam, headed by Deputy Attaché Jean Jobin, visited Military Hospital 175 under Vietnam’s Ministry of National Defense on September 28.
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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.
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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.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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.
Workers at a production line at a shrimp processing factory. (Source: VNA)
