The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which took effect in early 2019, has enabled several types of Vietnamese goods to rush into Canada.
Hanoi (VNA) – The Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP), which tookeffect in early 2019, has enabled several types of Vietnamese goods to rush intoCanada.
CPTPP is a new-generationfree trade agreement (FTA) comprising 11 member states, including Vietnam andCanada. It is also the first FTA to help Vietnam navigate the American continent.
Despite the COVID-19 pandemic in2021, Vietnam’s exports to Canada surged by 20.8% annually to 5.3 billion USD,up 75% prior to CPTPP validity. Last year, the figure surpassed 6.3 billionUSD, up 19.8% year-on-year.
According to the General Departmentof Vietnam Customs, apparel was Vietnam’s biggest currency earner from Canadalast year with a total turnover of 1.3 billion USD, up 40.3% annually andequivalent to 20.7% of Vietnam’s total exports to the country.
It was the result of 0% tariff on all Vietnamese apparel committed by Canada after three yearsof CPTPP implementation, said head of the Ministry of Industry and Trade’sDepartment of European-American Markets Bui Tuan Hoan.
Footwear came second with a recordrevenue of 604.6 million USD, up 64.3%; and computers, electronic products andspare parts 521.3 million USD, up 27.7%.
Several types of goodsrecorded high export revenues such as handbag-suitcase-headwear up 115.2%,plastics up 224.5% and fisheries 39.3%.
Vietnamese CommercialCounsellor in Canada Tran Thu Quynh said as Vietnam’s ninth biggest currencyearner, aquatic products hold the potential of high growth in the coming yearsthanks to CPTPP.
According to the CPTPP’scommitments, Canada eliminated import duties for 95% of tariff lines and 78% ofVietnam’s exports to the country. All Vietnamese aquatic and wooden productshave had their import tariffs removed since 2019.
🌃 Taxes on specificgoods will continue falling in line with the roadmap, making it easier forfirms that meet origin requirements to enjoy incentives./.
The Vietnam Chamber of Commerce and Industry (VCCI)'s Branch in Ho Chi Minh City and Intrinsic Innovations Vietnam – a non-profit incubator based in Alberta, Canada – co-organised a workshop on Vietnam-Canada investment opportunities in the southern economic hub on December 2.
Vice Chairwoman of the Ho Chi Minh City People’s Committee Phan Thi Thang received Jeremy Harrison, Minister of Trade and Export Development at the Government of Saskatchewan province in Canada’s Prairie region, on December 15 to discuss cooperation promotion.
The Vietnamese Embassy in the Republic of Korea (RoK) held a “Xuan Que Huong” (Homeland Spring) programme in Seoul on January 8 to bring a warm Tet atmosphere to the Vietnamese community living in the East Asian nation.
The Canada-Vietnam Friendship Society (CVFS) on January 28 organised a virtual seminar on the nations’ 50 years of diplomatic and cooperative ties (1973-2023), attracting participation of Canadian scholars, international friends, and Vietnamese expatriates.
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.
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.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
Illustrative image (Photo: Internet) 
