The Vietnamese Government always tries to create the most possible favourable conditions for foreign businesses and investors to operate in Vietnam, including those from Canada, a Deputy PM affirmed.
Deputy Prime Minister Vuong Dinh Hue (R) and President and CEO of Northstar Financial Group Scott Shepherd (Photo: VNA)
Hanoi (VNA)𝄹 — The Vietnamese Government always tries to create the most possible favourable conditions for foreign businesses and investors to operate in Vietnam, including those from Canada, affirmed Deputy Prime Minister Vuong Dinh Hue on June 15.
Receiving a group of Canadian businesses who are on a visit to Vietnam to seek investment opportunities, Hue said the Vietnamese Government has taken measures to increase macro-economic stability and restructure key sectors such as finance and banking, State-owned businesses, industrial production, agriculture and public investment, along with drastic efforts to improve the business and investment environment to improve national competitiveness.
He encouraged Canadian businesses to invest in the fields of consultancy, finance and credit to support small- and medium-sized businesses, and called for foreign private risk investment funds to assist start-up activities in Vietnam.
President and CEO of Northstar Financial Group Scott Shepherd said Northstar was active in providing finance for small- and medium-sized businesses and wished to cooperate and share experience with Vietnam as the two countries are implementing new free trade agreements.
He expressed willingness to help Vietnam in importing spare parts and machine products from developed countries.
The group plans to set up an export credit agency to support Vietnamese businesses in their export activities, he said.-VNA
Thirteen Canadian pork exporters have met with a number of Vietnamese pork importers, processors and end-users to showcase their pork and find opportunities for cooperation.
A delegation of leading enterprises from Richmond, a coastal city in western Canada, led by Councillor Chak Au, visited HCM City on May 27 to seek cooperation.
Vietnam leads ASEAN members in bilateral trade revenue with Canada, with the figure hitting 928.97 million USD in the first quarter of 2016, up 11.8 percent year-on-year.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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.
Deputy Prime Minister Vuong Dinh Hue (R) and President and CEO of Northstar Financial Group Scott Shepherd (Photo: VNA)
