Vietnam is currently the Canada’s largest trade partner among ASEAN countries, with two-way trade revenue of CAD7.98 billion (US$6.01 billion) in 2019, higher than the value of CAD6.5 billion in 2018.

Vietnam’s total export revenue to Canada has increased by 29.7%, with a 72% increase in revenue from the export of electronic products in particular.

Vietnam also boasts the largest number of students to Canada among ASEAN countries and the fifth largest number of students to Canada on the global scale.

After one-year implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam’s total export revenue to Canada has increased by 29.7%, with a 72% increase in revenue from the export of electronic products in particular.

Meanwhile, the Canada’s export revenue to Vietnam has also soared dramatically with a rise of 230.7% for meat products and 61.2% for cereal products.

Kendal Hembroff predicted that a future comprehensive trade agreement between Canada and ASEAN would bring about benefits to all participating parties. The agreement is expected to help Vietnam maximise on opportunities from signed free trade agreements (FTA) while creating conditions for Vietnam to elevate the positive influence of the CPTPP in areas having common interests.

Vietnamese Ambassador to Canada Pham Cao Phong said that amid sharp declines in the global trade due to the Covid-19 pandemic, two-way trade volume between Vietnam and Canada remains the upward trend though at a modest pace of 0.1%.

With the advantage of being an FTA hub in Asia Pacific, Vietnam will be a bridge to bring Canadian goods and services to the ASEAN market of 600 million consumers as well as to other important markets in the region, Phong noted.

The online seminar on economic, trade and education cooperation between the two countries saw the participation of representatives from the Canadian Government and about 80 Canadian enterprises, demonstrating the great attention of the Canadian side to Vietnam in the context that the two sides are investigating the possibility of the establishment of a Canada-ASEAN FTA.

Bulgarian Trade Counselor in Vietnam works with Bac Giang’s representatives

(BGO)- Daniel Dobrev, Trade counselor of the Bulgarian Embassy in Vietnam and the working delegation worked with the provincial Business Association of Bac Giang province on 8 September. The delegation was welcomed by Nguyen Duc Kha, Vice Chairman of the provincial Business Association and leaders of some related departments including Planning and Investment, Industry and Trade and Foreign Affairs.

Vietnam’s trade revenue estimated to exceed US$336.2 billion in eight months

Vietnam's import-export turnover is estimated at US$336.32 billion in the first eight months, an annual reduction of 0.3%, according to the General Statistics Office.

Project helps promote Vietnam’s trade and investment policies in Thailand

The Vietnamese Embassy in Thailand on August 28 officially launched the “Window to Vietnam” project - a display area and information counter supporting Vietnam’s commercial, tourism, and investment promotion in the country.

Vietnam’s exports recover as trade surplus hits US$10 billion

Vietnam’s 2020 export revenue as of August 15 rose 1.8% , reaching US$160.2 billion while imports were estimated at US$150.2 billion, latest customs data has shown.

Traditional trade village of dry vermicelli and rice paper along Con River

Located on the bank of Con River, An Thai – a traditional trade village of dry vermicelli and rice paper in Nhon Phuc Commune, An Nhon Town, in the south central coastal province of Binh Dinh, is over 100 years old.

Source: NDO