Bilateral relations
Canada established diplomatic relations with Vietnam in 1973, opening an Embassy in Hanoi in 1994 and a Consulate General in Ho Chi Minh City in 1995. Our countries will celebrate the 50th anniversary of diplomatic ties in 2023. In 2017, a Canada-Vietnam Comprehensive Partnership was formally announced by both countries. The partnership identifies a number of areas for cooperation; namely: political...
The Vietnam Association of Seafood Exporters and Producers (VASEP) has reported that export turnover of seafood in the third quarter of 2022 reached $8.5 billion, up 38 per cent year-on-year, and has forecast that the annual target will be reached earlier than planned.
Exports of major aquatic products all increased year-on-year in the first nine months. Pangasius again posted the...
The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets , according Standard Chartered Bank.
In its latest Global Research Report titled “Vietnam–RCEP: Opportunities and challenges”, the bank said the membership in the pact further strengthens Vietnam’s trade position and should contribute...
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...