Export Development Canada (EDC), Canada’s export credit agency, and VinaCapital, one of Vietnam’s leading investment management firms, have signed a Memorandum of Understanding (MOU) to enhance trade and investment between the two countries.

The agreement aims to create new opportunities for Canadian exporters and investors in key sectors including infrastructure, energy, retail, healthcare and financial services—areas where expertise from Canada aligns with Vietnam’s development priorities.

Under the MoU, EDC and VinaCapital will collaborate to support Canadian companies seeking to enter or expand their presence in Vietnam.

Since the inception of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), bilateral trade between Vietnam and Canada  has increased from $6.5 billion in 2018 to $15.7 billion in 2024.

Through this MoU, EDC and VinaCapital will outline a framework for collaboration, with the shared goal of advancing trade and investment between  Vietnam and Canada  in key sectors and promoting responsible business practices by sharing guidance on environmental, social and governance (ESG) standards.

With Vietnam’s growing demand for infrastructure, clean energy and advanced manufacturing, the EDC-VinaCapital partnership is poised to help connect Canadian capabilities with Vietnamese opportunities.