Trade Office helps Vietnamese firms grasp opportunities in Canadian market
The Vietnam Trade Office in Canada is focusing on helping Vietnamese businesses make the most of CPTPP's principles of origin in the garment and textile sector through connection activities and provision of information about the Canadian market, according to Trade Counsellor Tran Thu Quynh at the Vietnamese Embassy in Canada.
Workers of Viet Vuong 3 company in Ben Tre province (Photo: VNA)
Ottawa (VNA) – The Vietnam Trade Office in Canada is focusing on helping Vietnamese businesses make the most of CPTPP's principles of origin in the garment and textile sector through connection activities and provision of information about the Canadian market, according to Trade Counsellor Tran Thu Quynh at the Vietnamese Embassy in Canada.
She said after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect in December 2018, Canada immediately eliminated 42 tariff lines on Vietnamese textile and garment products, and after five years of implementation, the export value of Vietnamese textile and garment products increased by 100% compared to that in 2018.
At the Apparel and Textile Sourcing Canada 2023, held inToronto in late August, Vietnam’s Viet Vuong company received attention fromthe organisers and the Canadian Textile Industry Association, thanks to itsefforts to shift to green production.
Viet Vuong booth at Apparel and Textile Sourcing Canada 2023 (Photo: VNA)
Nguyen Vinh Bao, Managing Director of Viet Vuong in the southernregion, said that that Canada is a new market with a long winter to which the company'sproducts are suitable. Notably, as companies and big brands in Canada are payinggreat attention to production in green factories, this is a trend that thecompany has grasped and is prepared to meet the standard requirements ofbrands, he said.
Executive Director of the Canadian Apparel Federation BobKirke said that Vietnam's garment industry has many opportunities because itsfactories have long invested in implementing environmental measures and usingenergy efficiently. Therefore, their products have high competitiveness.
The Canadian garment and textile market is worth 10 billion USD per year. In 2022, Vietnam surpassed Bangladesh to become the second largest exporter of apparel and textiles to Canada, after China, with a market share of more than 12%.
Data from the Canada Border Services Agency showed thatVietnam's garment and textile export value reached about 1.8 billion USD in2022, up 41.2% year-on-year./.
Vietnamese and Canadian businesses have expressed their interest in establishing large supermarket chains in Canada to further promote bilateral trade and maximise the benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The Vietnam Trade Office in Canada coordinated with the Canada-ASEAN Business Council and the institute of researching new challenges in economic globalisation (NEME) of Laval University to organise a seminar to evaluate investment potential in Vietnam and the Association of Southeast Asian Nations (ASEAN) region.
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Workers of Viet Vuong 3 company in Ben Tre province (Photo: VNA) 
Viet Vuong booth at Apparel and Textile Sourcing Canada 2023 (Photo: VNA) Nguyen Vinh Bao, Managing Director of Viet Vuong in the southernregion, said that that Canada is a new market with a long winter to which the company'sproducts are suitable. Notably, as companies and big brands in Canada are payinggreat attention to production in green factories, this is a trend that thecompany has grasped and is prepared to meet the standard requirements ofbrands, he said. 
Viet Vuong booth at Apparel and Textile Sourcing Canada 2023 (Photo: VNA) 
