Vietnam’s exports to Canada rise for third consecutive year, hitting 5.3 billion USD in 2021
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.
Vietnamese products on the shelves of a Canadian supermarket. (Photo: moit.gov.vn)
Hanoi (VNS/VNA) 🎃— Vietnamexported 5.3 billion USD worth of goods to Canada in 2021, up 21 percentyear-on-year despite facing challenges caused by the prolonged pandemic,according to the Vietnamese Trade Office in Canada.
Thismarked the third consecutive year that Vietnam has recorded positive exportgrowth to the market since 2019 after both countries officially became membersof the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Among themajor exports were handsets and components with 820 million USD; computersand parts with 408 million USD, and machinery and components with 345 millionUSD. Accordingto the office, the trend of shifting supply chains coupled with the impressiveproduction capacity of local enterprises helped lure the great interest ofCanadian businesses in the Vietnamese support industry products. Meanwhile, garment,textile and footwear exports regained their growth momentum, rising 16.6percent to nearly 1.4 billion USD, while furniture exports saw ayearly increase of 6.5 percent to 234 million USD thanks to therelationship between businesses of the two countries, in which Canada firmsexported wood materials to Vietnam while Vietnamese companies produced andthen exported finished wooden goods to Canada. Exportsof cashew nuts hit 111 million USD, up 20 percent while that of pepper and freshfruits and vegetable topped 14 million USD and 35 million USD, up 45 percentand 18 percent, respectively. Despitean increase in market demand, a lack of containers in recent years resultedin a shortage of supply for local agricultural products, typically freshfruits to Canada last year, the office said. ThoughVietnam is now Canada's largest trading partner in Southeast Asia, thereremains room for Vietnamese businesses to penetrate the market in thefuture as Vietnam’s market share accounts for a modest 1.7 percent ofCanada's import value. Accordingto Vietnamese Ambassador to Canada Pham Cao Phong, to adapt to the new normalsituation in the post-COVID period, businesses of the two countries neededto discuss the establishment of a common governance support centre, B2Bmodel, research and development, after-sales service, digitisation and digitalsecurity./.
A workshop on cooperation opportunities in clean and renewable energy development between Vietnam and Quebec of Canada took place on October 21 in both online and face-to-face forms, attracting the participation of Canadian scholars and representatives from businesses of the two countries.
Vietnamese Deputy Minister of Industry and Trade Do Thang Hai and Chief Trade Commissioner and Assistant Deputy Minister Sara Wilshaw at Global Affairs Canada signed a Memorandum of Understanding (MoU) on establishing a joint economic committee (JEC) between the two countries on January 11.
The positive relationship between Canada and Vietnam is strong and growing every year, Canadian Ambassador to Vietnam Deborah Paul told the Vietnam News Agency in an interview on the occasion of the Lunar New Year (Tet), the most important festival of the Vietnamese people in a year.
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.