More chances for stronger Vietnam-Canada investment ties
Vietnam and Canada will have more chances to enhance not only trade but also investment links under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to Honorary Chairman of the Canada Trade Link Bryon Wilfert.
Aside from trade, investment ties between Vietnam and Canada are also expected to be enhanced under the CPTPP (Photo: VNA)
Hanoi (VNA) – Vietnam and Canada will have morechances to enhance not only trade but also investment links under theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),according to Honorary Chairman of the Canada Trade Link Bryon Wilfert.
Wilfert, who attended a seminar on opportunities to boostVietnam-Canada trade and investment under CPTPP held inHo Chi Minh City on June 28, said when joining the CPTPP, aside from trade, hiscountry also wishes to strengthen partnerships with Vietnam in the fields ofits strength like developing clean technology, clean energy, waste treatmentand water treatment.
Vietnam also has infrastructure development projectsthat Canada wants to invest in such as building low-cost housing for youngcouples, he said.
He added there are also numerous opportunitiesfor Vietnamese firms to boost investment in Canada through setting upcompanies, opening branches or purchasing companies in the North Americannation.
However, Canadian experts recommended Vietnamesebusinesses have a good grasp of local law before making investment decisionssince Canada is a big country with each of its localities having differentconditions, regulations and incentives for investors.
To do so, investors can seek advice fromconsulting firms and economic lawyers, they noted.
The CPTPP, which took effect in Vietnam on January 14,gathers 11 member states, namely Australia, Brunei, Canada, Chile, Japan,Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam that altogether makeup 13.5 percent of global GDP.
At present, the CPTPP is the first and only freetrade agreement involving Vietnam and Canada.
Bilateral trade reached 3.87 billion USD in2018, a year-on-year rise of 10.6 percent. Vietnam exported 3.01 billion USDworth of goods to Canada, up 10.9 percent against the previous year, accordingto the Ministry of Industry and Trade.-VNA
The CPTPP will create a good chance for Vietnamese shrimp exporters to capitalise on the Canadian market, even though the Southeast Asian nation is already the top shrimp supplier there.
A delegation of Vietnamese businesses has visited Canada to promote textile and garment exports to the North American nation under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
General Director of the Vietnam National Textile and Garment Group (Vinatex) Le Tien Truong has said Vinatex will promote trade in Canada to tap opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening the door wide for Vietnamese tra fish, a major foreign currency earner, to enter the markets of 10 other members of the deal.
Opportunities to boost trade and investment with Canada are promising since the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, experts said at a seminar held in Ho Chi Minh City on June 28.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Aside from trade, investment ties between Vietnam and Canada are also expected to be enhanced under the CPTPP (Photo: VNA) 
