Canadian enterprises learn about Vietnamese market
The Export Development Canada (EDC) recently coordinated with the Vietnamese Trade Office in the country to organise a seminar to update Vietnam’s economic situation and evaluate its performance in the global supply chain.
Ottawa (VNA) – The Export Development Canada (EDC) recentlycoordinated with the Vietnamese Trade Office in the country to organise aseminar to update Vietnam’s economic situation and evaluate its performance inthe global supply chain.
This move aimed to prepare for the upcomingvisit to Vietnam by a Canadian business delegation.
Vietnam is currently Canada's largesttrade partner in ASEAN, with bilateral trade nearing 14 billion CAD(10.37 billion USD) in 2023. It is also an important partner of Canada in theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which has brought many opportunities for this country's products and servicesto access the Vietnamese and ASEAN markets.
EDC Vice President for Indo-Pacific GeorgeMonize said that the seminar was a chance for Canadian companies that want tolearn about and seek ways to access the Vietnamese market.
A delegation of 150 Canadian businesses isscheduled to visit Vietnam from March 27-29, with Minister of Export Promotion,International Trade and Economic Development Mary Ng leading.
This is the first business delegation to beorganised in 2024 by the Canadian Government within the framework of the 2.3-billion-CADIndo-Pacific Strategy.
Mary Ng said she hopes Canadian enterprisesparticipating in this delegation will carry out activities in potential marketslike Vietnam and strengthen supply chain connections./.
Along with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Vietnamese garment and textile sector also needs a Vietnam-Canada free trade agreement or another bilateral deal to penetrate more deeply into the North American market, according to experts.
Vietnam and Canada concluded a vibrant 2023 filled with a host of activities to commemorate the 50th anniversary of diplomacy ties (1973-2023).On the occasion of the New Year 2024, Canadian Ambassador to Vietnam Shawn Steil answered an interview by the Vietnam News Agency, sharing his thoughts on achievements in bilateral relations and the prospects for future cooperation between the two nations.
Canada’s strategy for the Indo-Pacific can help boost its educational cooperation with Vietnam and fortify connections between the two business communities, Chief Executive Officer of Cooperation Canada Kate Higgins has assessed.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Illustrative image (Photo: VNA) 
