Vietnamese firms advised to capitalise on exports to Canada
Canada wants to diversify supply sources to avoid disruption in supply chains, and is interested in supply sources in Vietnam amidst complicated developments in the world situation, the Vietnamese Trade Office in Canada said, advising Vietnamese businesses to optimise their advantages to boost their exports to Canada.
Ottawa (VNA) – Canada wants to diversify supply sources to avoid disruption in supply chains, and is interested in supply sources in Vietnam amidst complicated developments in the world situation, according to the Vietnamese Trade Office in Canada.
The trade office advised Vietnamese businesses to optimise their advantages to boost their exports to Canada.
According to the trade office, Vietnameseand Canadian firms have great potential for production connection and cooperationin original equipment manufacturing (OEM) for Canadian brands, which use rawmaterials from and made in Vietnam serving Canada’s export to a third countrymarket.
In particular, as a result of the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) and the upcoming freetrade agreement (FTA) between Canada and ASEAN, Canadian businesses have begunto pay attention to production cooperation with their Vietnamese peers to takeadvantage of related tax benefits.
Vietnamese enterprises should capitalise on those trends,said the office.
According to official statistics, Vietnam-Canadaexport turnover in the first seven months reached 3.87 billion USD, up 32.2% year-on-year. The figure isexpected to surpass 6 billion USD this year, growing at least 15% compared to2021.
Trade experts said Vietnam is Canada's largest tradingpartner in Southeast Asia, but the room for Vietnamese goods exported to the marketremains extensive because their market share in Canada is still quite modest.
Vo Hong Anh, Deputy Director of the Ministry of Industry andTrade’s European - American Market Department, said since the CPTPP took effectfor Vietnam in January 2019, local goods shipped to member countries, especiallythose in Americas, including Canada, have grown dramatically.
In 2021, Vietnam exported 5.3 billion USD worth of productsto Canada, up 20.8% from 2020 and 75% from the pre-CPTPP period. Vietnam is alsoa leading shrimp supplier of Canada and one of the five largest exporters ofwooden furniture in this market.
Anh recommended Vietnamese companies improve their productquality and apply advanced technology in production toward sustainability./.
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.
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.
The Ho Chi Minh City Handicraft and Woodworking Association (HAWA) plans to organise a session to give consultations to domestic businesses on exporting furniture and interior decorating products to Canada, a promising market for Vietnam, on June 7.
Vietnam’s tuna industry has bounced back strongly post-pandemic as export soared 72 percent year-on-year to 259 million USD in the first quarter of 2022, the highest in five years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam and Canada held the first meeting of the Joint Economic Committee in Vancouver on July 6 with a view to helping lift bilateral economic ties to a new level and intensify the two countries’ comprehensive partnership.
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.
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.
Proccessing catfish for export (Photo: VNA) 
