Vietnamese localities enhance ties with Canadian investors
A conference on enhancing partnership between Vietnamese localities and Canada took place in Hanoi on January 16, gathering 200 officials, businesses and representatives of Canadian NGOs.
Hanoi (VNA) – A conference on enhancing partnership between Vietnameselocalities and Canada took place in Hanoi on January 16, gathering 200 governmentofficials, business delegates and representatives of Canadian non-governmental organisations.
The eventwas meant to create an opportunity for Vietnamese localities to connect with theCanadian side and form partnerships, particularly in three prioritised sectors –trade-investment, development cooperation, and education-training.
At theconference, representatives of Vietnamese localities also informed Canadian non-governmentalorganisations about their needs for development funding to alleviate poverty andboost education.
Mostparticipants agreed that current cooperation between Vietnam and Canada still feltshort of potential. They called on local governments to play a more active rolein attracting and facilitating investment and assistance from the NorthAmerican country.
DeputyForeign Minister Ha Kim Ngoc affirmed that Vietnam lays stress on strengtheningrelations with Canada, adding that trade is a highlight in bilateral ties.
Vietnam isCanada’s biggest trade partner in the ASEAN region, with two-way revenue reaching4.6 billion USD in 2015 and 3.4 billion USD in the first 9 months of 2016. Thetwo nations planned to push the figure to 10 billion USD in the next ten years.
Canada hasso far channelled 5.28 billion USD in 149 projects in Vietnam, ranked 14th outof 112 countries and territories investing in Vietnam.
CanadianAmbassador to Vietnam Ping Kitnikone recommended Vietnamese localities createfavourable conditions for Canadian investors in terms of mechanism, policy andhuman resources.
Thedynamism and active role of local governments are a decisive factor to theattraction of investment, he said.
Chairman ofthe Hanoi People’s Committee Nguyen Duc Chung vowed to create best conditionsfor Canadian and overseas Vietnamese to invest in the city in the long term.
Canada has23 projects, worth 7.7 million USD, in the capital city.-VNA
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Scene at the conference (Photo: VNA) 
