Vietnam’s imports from Canada surge, exports barely budge in Q1
Vietnam’s exports to Canada rose slightly while imports from the North American nation almost doubled in the first quarter of 2017, according to Vietnamese Trade Counsellor to Canada Hoang Anh Dung.
Ottawa(VNA) – Vietnam’s exports to Canada rose slightly while imports from the NorthAmerican nation almost doubled in the first quarter of 2017, according toVietnamese Trade Counsellor to Canada Hoang Anh Dung.
Two-way tradebetween Vietnam and Canada hit 1.07 billion USD during the period, up 152percent from 929 million USD in the same period last year.
Vietnam’s exports toCanada rose by 8 percent to 902 million USD, compared to growth of 23 percentin the first three months of 2016. This was due to a 1.6 percent year-on-year declinein exports of machinery, electric and electronic devices, and 11.1 percent inmobiles.
Vietnam mostlyshipped mobiles, printers, electric cables, timber products, textile-garment,footwear, seafood, coffee, cashew, vehicles, toys, rubber, and vegetables andfruits to Canada.
Vietnam remainedASEAN’s top exporter to Canada and one of the region’s largest trade partnerswith the country.
It also ranked fifthin Asia in exports to Canada, after China, Japan, the Republic of Korea andTaiwan (China).
Meanwhile, Vietnamimported 166 million USD worth of commodities from Canada, a year-on-yearincrease of 77.3 percent, compared to a plunge of 38.7 percent in the sameperiod last year, due to higher domestic demand for wheat, coal, oilseedresidues, cattle feed and pharmaceuticals.-VNA
Vietnam enjoyed a trade surplus of nearly 3.089 billion USD with Canada as of the end of November, 2016, an increase of 24.6 percent against the same time in 2015, according to Statistics Canada.
The planning and investment department of Binh Dinh province has issued an investment certificate to Seldat Vietnam Company Limited to build a garment factory in An Nhon town.
Canada expects to sell more quality and safe farm produce to Vietnam where the middle class is growing fast, it was stated by Canadian Minister of Agriculture and Agri-Food Lawrence Macaulay.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
Wheat (Photo: AFP/VNA) 
