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Canada eyes Viet Nam potential

Update: December, 12/2014 - 08:53

Viet Nam's turnover from exports to Canada reached US$1.31 billion in the past eight months, which shows an increase of 41 per cent over the same period in 2013. — File Photo

HCM CITY (VNS) — Viet Nam is a priority market in Canada's global market development plan, disclosed Senior Trade Commissioner of the Canadian Consulate General Marcel Laneville at a conference held at HCM City on Wednesday.

During the event, Laneville shared that Canadian firms have been focusing on ways to accelerate the establishment of a two-way trade and education co-operation in Viet Nam.

The Canadian businesses, which visited Viet Nam this time to seek co-operation and investment opportunities, specialised in the fields of manufacturing, engineering, agricultural and healthcare technology, the commissioner noted.

A representative from HCM City Small and Medium-Sized Enterprises Supporting Centre under the HCM City Business Association shared that the centre has connected over 50 Vietnamese businesses with Canadian partners. Moreover, many local firms have successfully penetrated Canadian supermarkets, while many Canadian businesses have established their branches in Viet Nam.

Next year, the association will work with the Vietnamese Consulate in Canada to organise trade promotion activities there and invite more Canadian business delegates to Viet Nam to explore opportunities.

Holding an exhibition in Canada will provide Vietnamese companies an opportunity to introduce their products, the representative said.

According to Viet Nam Chamber of Commerce and Industry, Viet Nam's turnover from exports to Canada reached US$1.31 billion in the past eight months, which shows an increase of 41 per cent over the same period in 2013. The major Vietnamese export products included garments, seafood, footwear and handicrafts. — VNS

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