Vietnam Trade Office in Canada

The Vietnamese high-quality rice export to ASEAN nations is strongly growing with high prices, according to the Ministry of Trade and Industry (MoIT). Vietnam plans to reduce the export volume of white rice because it cannot compete against low-price competitors of Myanmar, Pakistan, and India. Additionally, a consultation session will be organized on May 5 in order to seek...

Prime Minister Pham Minh Chinh has decided to establish a Steering Committee responsible for speeding up the realization of socio-economic recovery and development program. The Committee will be led by Deputy Prime Minister Le Minh Khai, said Pham while presiding over the Cabinet meeting on Friday to review socio-economic performance in the first four months this year. The program was released...

Vietnam has emerged as an attractive destination for local and international investors in e-payment, e-commerce and online gaming services even during the COVID-19 pandemic, according to the Ministry of Investment and Planning. At present, the total number of existing investment funds in the country increased by 60% compared to 2019 and 2020, mainly sourced from Singapore, the United States, and...

Vietnam’s logistics market is worth around US$40-US$42 billion a year, and digital transformation among businesses is considered key to their success in this competitive market. The Saigon Newport Corporation is a pioneer of digital transformation in the logistics sector. In 2021, despite the difficulties caused by the COVID-19 pandemic, the Tan Cang Cai Mep International Port set records in terms...

Vietnam faced many difficulties in April including inflationary pressure from multiple countries, the growth slowdown of many of its major markets, and the soaring costs of raw materials and production. However, the country was able to maintain growth momentum from the first quarter in April across all fields. International organisations have also released optimistic forecasts for Vietnam's economy. According to a...

Vietnam’s geography gives it a logistical advantage in boosting production, export and logistics services . This year, the Government has set targets of tapping its full potential. The comment was made by Deputy Minister of Trade and Industry Nguyen Sinh Nhat Tan at a seminar on “Enhancing competitiveness for logistics businesses”, held in Hanoi on April 28. Delivering a speech at...

From the beginning of this year to April 20, total newly registered capital, adjusted and contributed capital to buy shares and capital contribution of foreign investors in Vietnam reached over 10.8 billion USD, equivalent to 88.3% of the same period in 2021, according to the Ministry of Planning and Investment. Foreign investors have poured their capital in 18 industries out...

The National Power Development Plan for the 2021 - 2030 period, with a vision towards 2045 (PDP VIII) has taken into account the replacement of coal-fired power projects and those that are still pending, heard at a meeting of the State Appraisal Council. Speaking at the meeting, held in Hanoi on April 26 under the chair of Deputy Prime Minister...

The Ministry of Transport has recently decided to add ten new seaports to the list of Vietnamese terminals, bringing the total to 296. The new seaports are Nosco seaport in Quang Ninh province, Long Son general seaport in Thanh Hoa province, Hai Ha-Quang Tri petrol seaport in Quang Tri province, Pacific Petro seaport in Tien Giang province, Giao Long Terminal in Ben Tre province,  Duyen Hai Thermal Power Plants Port in Tra Vinh province, Gemadept-Terminal Link and Cai Mep General Port in Ba Ria-Vung Tau province, Dinh Vu VIMC Port and...

The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 percent to 12 percent. The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 percent to 12 percent. The ministry said...