Tag: Canada

Bilateral trade between Vietnam and Canada has increased from $6.5 billion in 2018 to $15.7 billion in 2024.

Strengthening cooperation with Canadian provinces such as Saskatchewan across various potential sectors will contribute to further enhancing bilateral relationnship between the two countries.

Key export products including garments and textiles, furniture and electronic products.

Result sees Vietnam become Canada’s largest trade partner in ASEAN.

Consumption appears to be recovering in the country after a decline in exports early last year.

FPT and Mila will explore research cooperation relating to large language models (LLMs) and natural language processing (NLP) while promoting responsible AI.

Brand building would help Vietnamese enterprises expand their market share further in the country and boost export revenue.

Vietnam is expected to become one of the world’s largest wood production centers over the next 10-15 years and is already making a major impression in Canada from the CPTPP.

Deputy Minister of Industry and Trade Do Thang Hai and Canada’s Chief Trade Commissioner and Assistant Deputy Minister at Global Affairs Canada Sara Wilshaw signed an MoU on January 11 establishing a Joint Economic Committee between the two countries. They aim to establish a comprehensive cooperation framework through the joint committee mechanism to facilitate trade and investment and support enterprises from both countries.

Vietnam’s wooden kitchen furniture is gaining in popularity in the US, the EU, the UK, and Canada thanks to beautiful designs and high quality. In the first half of this year, export turnover of such products was $480 million, up 67 per cent compared to the same period of 2020. The biggest export item was kitchen cabinets, with turnover of $287.5 million, up 78.9 per cent year-on-year and accounting for 73.5 per cent of the total. Kitchen tables followed, with $47.6 million, up 37.5 per cent, while wooden trolley exports rose 563.3 per cent to $2.6 million. Some 76.3 per cent of export turnover came from the US, up 85.9 per cent year-on-year. Exports to the EU rose 68.1 per cent and to Canada by 188.3 per cent.

The Asian Development Bank (ADB) has approved $4.6 million worth of technical assistance (including $2.7 million from the Canadian Government and $1.9 million from the Australian Government) to help Vietnam strengthen public-private partnerships (PPPs) and private sector development while innovating State-owned enterprises (SOEs).