Vietnam - launching pad for Canadian companies to enter Indo-Pacific market
Export Development Canada (EDC)'s news website edc.ca has recently published an article on opportunities for Canadian companies when investing in Vietnam.
The Canada trade delegation attends the second meeting of the Vietnam – Canada Joint Economic Committee in Hanoi on March 27 (Photo: VNA)
Ottawa (VNA) – ExportDevelopment Canada (EDC)'s news website edc.ca has recently publishedan article on opportunities for Canadian companies when investing in Vietnam.
According to the article, Vietnam is quickly becoming thenew Asian hub with rapid macro-economic growth and opportunity.
To help Canadianexporters and investors take advantage of the vast potential within thismarket, within the framework of the Canadian trade delegation's visit toVietnam, EDC announced that it will open a new representative office in Ho ChiMinh City to ensure it can provide Canadian exporters and investors with whatthey need to enter the market.
Mairead Lavery,Preside𒈔nt and CEO of EDC, said that Vietnam is unique and it will offer anopportunity for Canadian companies and investors to penetrate this market,adding that EDC will act as a partner that can provide support.
According to Lavery, Vietnamoffers Canadian exporters a geographical advantage to enter other Indo-Pacificmarkets with ease while also providing companies a cost-competitive advantagein doing business. With a growing middleclass and one of the fastest growing economies in the world, exporters andinvestors should view this market as a significant opportunity for growth inthe region, he said, noting that locating at the heart of the Indo-Pacific make Vietnam attractive for exporting and developing a company’s hub.
According to NewWorld Wealth, Vietnam is positioned to see the sharpest spike in wealth growthin the world over the next decade. In addition, the Vietnamesegovernment has committed to achieving carbon neutrality by 2050. This creates an opportunity for investors and companies in a variety of sectors of Canadianstrength, including clean technology and renewable, agriculture, advancedmanufacturing and infrastructure, the article wrote.
Mary Ng, Canada’s Ministerof Export Promotion, International Trade and Economic Development, said that Vietnam'srapid economic growth in the Indo-Pacific region positions the country as apromising hub for Canadian businesses.
As Canada's largesttrading partner in the Association of Southeast Asian Nations (ASEAN) and a keymember of the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP), Vietnam offers favourable prospects for exporters andinvestors of the North American nation.
The new EDCrepresentative office ❀in HCM City will be a valuable resource for Canadiancompanies seeking to grow into the Indo-Pacifi☂c region, she added./.
Prime Minister Pham Minh Chinh on March 27 suggested Vietnam and Canada maximise their potential, both bilaterally and multilaterally, to boost their development cooperation.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has opened up numerous opportunities for Vietnam and Canada to boost two-way trade, however, tax initiatives under the trade pact have not been tapped to the fullest extent by the Vietnamese exporters, said Vietnamese Trade Counsellor in Canada Tran Thu Quynh.
The Canada Border Services Agency (CBSA) is conducting a review of anti-dumping and anti-subsidy taxes imposed on upholstered seating originating in or exported from China and Vietnam, according to the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam (TRAV).
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
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Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
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The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Canada trade delegation attends the second meeting of the Vietnam – Canada Joint Economic Committee in Hanoi on March 27 (Photo: VNA) 
