Prime Minister Pham Minh Chinh has proposed promoting trade and investment cooperation between Vietnam and Canada with the aim of raising two-way trade turnover to $10 billion.

He made the suggestion during a meeting with Canadian Prime Minister Justin Trudeau on May 20 in Hiroshima, Japan, as part of his trip to attend the expanded G7 Summit.

Two-way trade hit over $7 billion last year.

Prime Minster Chinh suggested that Canada cooperate with Vietnam in new areas such as digital transformation, green transformation, the circular economy, and innovation.

He also suggested that it further create conditions for more Vietnamese goods to be exported to its market, and that it support and improve the legal status of the Vietnamese expatriate community.

Prime Minister Trudeau agreed with his Vietnamese counterpart’s proposals on measures to enhance bilateral relations, including the promotion of their economic and trade relations within the framework of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and other frameworks.