Canadian companies interested in Vietnam’s digital health market

June 02, 2024 - 15:22
It’s now good time for connecting businesses of the two countries in healthcare industry, particularly after the opening of an Export Development Canada office in Việt Nam.
The conference was held in Montreal city by the Canada-Vietnam Chamber of Commerce. — Photo

OTTAWA The Canada-Vietnam Chamber of Commerce recently held a conference in Montreal City to introduce medical researches and the medical technology companies planning to access the Vietnamese market.

Lawyer Nguyễn Trung Hiếu, Managing Director of Med Novum, said there are opportunities and demand for digital health in Canada and Vietnam.

He noted that the North American country possesses science and technology but faces difficulties in terms of production cost. Its businesses need a destination for their new medical technologies and equipment, and Việt Nam is a good choice, especially when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to which both countries are parties, already came into force.

Besides, Việt Nam is amending the regulations on the health sector to facilitate the development of highly interactive digital health, Hiếu said, adding its digital health market has attracted many domestic and foreign companies since the Vietnamese Government made commitments on promoting digital health.

Nam Hoàng, CEO of the Canada-Vietnam Chamber of Commerce, said the chamber has a number of big partners, and it’s now good time for connecting the two countries, particularly after the opening of an Export Development Canada office in Việt Nam.

Digital health is one of the sectors growing strongly in both countries. The conference, which was attended by many influential representatives of Canada in the fields of healthcare, education and technology, aimed to seek ways for them to access Việt Nam’s digital health market in the time ahead, he said.

The Canada-Vietnam Chamber of Commerce, gathering many large Canadian businesses planning to expand operations to Việt Nam, has made substantial contributions to bilateral trade, which surpassed US$10.3 billion in 2023. — VNS