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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Canadian forum highlights Vietnam

Monday, September 28, 2015 > 13:39:07

(Vietnam News)

Business opportunities in Viet Nam were highlighted during a forum Thursday in Toronto, which was attended by nearly 80 business professionals and a number of government officials.

Vietnamese Ambassador To Anh Dung said in a speech that he believed now was a good time for Canadian businesses to co-operate with their Vietnamese counterparts, adding that Viet Nam would create the most favourable conditions for Canadian firms to do business in the country.

"Viet Nam is an emerging market, with enormous economic potential," he said.

"The country also has a large consumer market of nearly 90 million people, a young and skilled work-force and an attractive business climate."

"Through Viet Nam, Canadian businesses can effectively enter markets in Asia-Pacific," he added.

Toronto City Councilor Michael Thompson said Viet Nam was regarded as a high-priority international market with similar fields of interests and business skills.

Toronto is currently home to about 35,000 Vietnamese, and the city established sister relations with HCM City in 2006.

According to the Ministry of Industry and Trade, Viet Nam's exports to Canada have enjoyed positive growth over the past several years.

The exports reached US$2.08 billion in 2014, up 35 per cent from the previous year.

Major export items included textile and garments, seafood, computers and electronic components.

This year, Viet Nam is expected to export $2.88 billion worth of goods to the market, a yearly rise of 40 per cent.

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