Canadian enterprises learn about Vietnamese market

February 20, 2024 - 16:36

Canada becomes second largest consumer of Vietnamese tra fish within CPTPP since 2022. Việt Nam is currently Canada's largest trade partner in ASEAN, with bilateral trade nearing US$10.37 billion in 2023. — VNA/VNS Photo

OTTAWA — The Export Development Canada (EDC) recently coordinated with the Vietnamese Trade Office in the country to organise a seminar to update Việt Nam’s economic situation and evaluate its performance in the global supply chain.

This move aimed to prepare for the upcoming visit to Việt Nam by a Canadian business delegation.

Việt Nam is currently Canada's largest trade partner in ASEAN, with bilateral trade nearing 14 billion CAD (US$10.37 billion) in 2023. It is also an important partner of Canada in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which has brought many opportunities for this country's products and services to access the Vietnamese and ASEAN markets.

EDC Vice President for Indo-Pacific George Monize said that the seminar was a chance for Canadian companies that want to learn about and seek ways to access the Vietnamese market.

A delegation of 150 Canadian businesses is scheduled to visit Việt Nam from March 27-29, with Minister of Export Promotion, International Trade and Economic Development Mary Ng leading.

This is the first business delegation to be organised in 2024 by the Canadian Government within the framework of the 2.3-billion-CAD Indo-Pacific Strategy.

Mary Ng said she hopes Canadian enterprises participating in this delegation will carry out activities in potential markets like Việt Nam and strengthen supply chain connections. — VNS

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