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Canada: A gateway for Vietnamese businesses going global

Mon, 12 Feb 2024 15:15:32 GMT

Viet Nam News, February 12, 2024 .

Canada boasted great potential for becoming the gateway for Vietnamese businesses to expand their scale of operations as local firms seek to reach out to other markets around the world, thanks to its strength in technology, finance, customer network and logistics in the Americas, a senior trade official said.

Currently, Việt Nam is Canada's largest trading partner in ASEAN and this country's seventh largest import partner after the US, mainland China, South Korea, Japan, the Netherlands and Hong Kong.

Read more .

Team Canada Trade Mission to Malaysia and Vietnam

Fri, 29 Dec 2023 15:32:07 GMT

Government of Canada, December 29, 2023 .

As part of Canada's Indo-Pacific Strategy, the Honourable Mary Ng, Minister of Export Promotion, International Trade, and Economic Development will lead a Team Canada Trade Mission (TCTM) to Malaysia and Vietnam in March 2024.

Read more .

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Canada eager to hike interest across Vietnam

Thu, 28 Dec 2023 14:48:24 GMT

Vietnam Investment Review, December 28, 2023 .
Photo by VIR.

Vietnam has been extensively expanding its trade and investment ties with Canada while taking the advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership as a big leverage.

Read more .

Boosting Vietnam’s manufacturing sector: From low cost to high productivity

Mon, 25 Sep 2023 13:24:40 GMT

McKinsey & Company, September 25, 2023 .
Photo by VNA.

Manufacturing has been the nucleus of Vietnam’s exceptional growth. However, faced with complex economic, geopolitical, and technological conditions, this sector may have to reinvent itself to continue thriving.

Read more .

3 markets to watch: Vietnam, Thailand and the Philippines

183:870064380 (Julie Nguyen) — Wed, 06 Sep 2023 13:08:12 GMT

Export Development Canada, September 6, 2023.

Photo by Export Development Canada.

Geographically vast, politically diverse and comprised of both emerging and developed economies, the Indo-Pacific region is a key area of interest for Canadian export development.

Vietnam is a country on the move. Once largely an agrarian and domestic consumer-based economy, Vietnam is set to grow by 4.3% in 2023, with expected growth next year of 5% and an increase to 6% in its five-year outlook.

Read more .

EMBAs gain firsthand international business experience in Vietnam

Fri, 14 Apr 2023 12:49:20 GMT

Ivey Business School, April 14, 2023 .
From Vespa tours around Ho Chi Minh City to exploring the Mekong Delta by boat, Ivey’s Executive MBA (EMBA) participants made the most of a week-long crash course in international business during their recent Discovery Expedition trip to Vietnam.

Read more .

Minister Ng establishes Canada-Vietnam Joint Economic Committee

Mon, 10 Jan 2022 15:50:19 GMT

Government of Canada, January 10, 2022 .
Photo by Vietnam Briefing.

Today, the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, and Nguyễn Hồng Diên, Vietnam’s Minister of Industry and Trade, witnessed the signing of a memorandum of understanding (MOU) between Canada and Vietnam to establish a joint economic committee (JEC).

Vietnam is an important global trading partner to Canada and a vital economic player in the Indo-Pacific.

Read more .

Vietnam’s Supply Chain Role to Grow Despite COVID, Chamber Says

Tue, 07 Sep 2021 22:50:14 GMT

Bloomberg, September 7, 2021 - COVID has disrupted but not derailed Vietnam’s expanding role in global supply chains and growth prospects, the head of the American Chamber of Commerce in Hanoi said Tuesday.

The economy that COVID-19 could not stop

Thu, 02 Sep 2021 22:50:14 GMT

The Economist, September 2, 2021 - Having impressed the world by taming the virus last year, Vietnam is now in the middle of its worst outbreak of covid-19 by far. Parts of the country are in strict lockdown and a swathe of factories, from those making shoes for Nike to those producing smartphones for Samsung, have either slowed or shut down, disrupting global supply chains. Yet integration with global manufacturing has kept Vietnam’s economy humming during the pandemic. In 2020 GDP rose by 2.9% even as most countries recorded deep recessions. Despite the latest outbreak, this year could see even faster growth. The World Bank’s latest forecasts, published on August 24th, point to an expansion of 4.8% in 2021.

Remarks by Prime Minister PHAM MINH CHINH on Enhancing Maritime Security

Mon, 09 Aug 2021 22:50:14 GMT

REMARKS

BY H.E. PRIME MINISTER PHAM MINH CHINH

at the United Nations Security Council high-level open debate on

“ENHANCING MARITIME SECURITY:

A CASE FOR INTERNATIONAL COOPERATION”

August 9, 2021

Mr. President,

Excellencies,

Good evening from Ha Noi. And thank you very much, Mr. President, for taking the initiative and convening the first-ever Security Council Open Debate on Enhancing Maritime Security.

Even when the world is devoting much resource to the fight against COVID-19, the topic of our discussion is of strategic and substantial importance.

Viet Nam especially commends and echoes India's Five S Approach at the Security Council. Viet Nam is committed to working with India and other Council members in promoting dialogue, cooperation and mutual respect, for global peace and prosperity.

Let me also thank the briefers for your extensive and insightful presentations.

Mr. President,

Oceans and seas provide an immense resource for mankind. They also serve as the lifeline of international trade and the gateway connecting countries and continents, and are critical to the development and prosperity of states and nations.

Recognizing the importance of oceans and seas, nations have created important cooperation mechanisms, both bilateral and multilateral, at regional and global levels. Most remarkably, the 1982 United Nations Convention on the Law of the Sea (UNCLOS) has truly become the Constitution of oceans and seas, the universal and unified legal framework within which all activities in the oceans and seas must be carried out, and the basis for international cooperation to address common challenges in the world.

Nevertheless, at sea, we are faced with both traditional and non-traditional security challenges. Terrorism and criminal acts, especially organized crime, have been expanding in scope and complexity. Climate change, sea level rise and pollution of the marine environment, especially by plastic debris and degradation of the marine ecosystem, have caused serious and long-term consequences. Unilateral acts that violate international law, even threats or uses of force, have escalated tensions and affected peace, friendship, security, safety and freedom of navigation and trade, as well as efforts to address non-traditional security challenges.

Therefore, preserving and enhancing maritime security is in the common interest, and has become an urgent task and shared responsibility of the entire international community.

Mr. President,

As a littoral state, Viet Nam comprehends profoundly the immense value of the sea as well as challenges to maritime security.

Viet Nam is implementing the Strategy for the sustainable development of the marine economy, which aims to utilize marine resources in a sustainable and responsible manner to contribute to the country’s overall development. The Strategy also aims to enhance Viet Nam’s law enforcement capacity, ensure effective settlement of maritime issues, and safeguard the sovereignty, sovereign rights, jurisdiction and other legitimate interests of Viet Nam over its maritime zones.

Viet Nam consistently pursues a foreign policy of peace, independence, self-reliance, multilateralization and diversification of international relations, as a trusted friend and partner, and a reliable member of the international community. Viet Nam stands ready to cooperate, exchange information and share experience with other countries in efforts to address maritime security issues and to contribute positively to the maintenance of a peaceful and secured maritime environment, and sustainable development in the region and the world.

In that connection, I would like to make the following proposals:

First , it is imperative that states and international organizations develop a comprehensive, extensive and broad awareness of the importance of oceans and seas, and the threats to maritime security. Such awareness shall form the basis for greater responsibility and political will to strengthen confidence and develop more cohesive and effective cooperation arrangements, in order to preserve and utilize oceans and seas in a sustainable manner, and safeguard a peaceful and stable maritime environment. Resources should be made available for the implementation of national strategies and regulations to meet this end.

Second , maritime security is a global issue and therefore requires global solutions. We need to take a comprehensive and holistic approach based on cooperation, dialogue and international law, and forge stronger cooperation through bilateral and multilateral channels and at regional, inter-regional and global levels to effectively address maritime security challenges.

Viet Nam proposes the development of a network of arrangements and initiatives for regional maritime security with the United Nations working as the coordinator , to bolster information and experience sharing, coordinate actions, and address common challenges in a timely manner.

Viet Nam values and actively takes part in initiatives and mechanisms in ASEAN and between ASEAN and its partners for practical cooperation in the South China Sea. They provide forums for dialogue and confidence building, and help coordinate maritime security cooperation efforts.

Viet Nam is determined to work with ASEAN and China to seriously, fully and effectively implement the 2002 Declaration of Conduct of Parties in the South China Sea (DOC), and negotiate an effective and substantive Code of Conduct of Parties in the South China Sea (COC) consistent with international law, in particular UNCLOS 1982. In addition, Viet Nam calls upon all countries and multilateral institutions, especially UN agencies, to step up assistance and pay due attention to the hardships and interests of developing countries.

Third , the policies, regulations and conducts of states at sea must be in line with international law, especially the United Nations Charter and UNCLOS 1982.

States shall uphold fully their legal obligations under the Convention, respect the sovereignty, interests and legitimate economic activities of relevant states, settle disputes through peaceful means in line with international law, respect diplomatic and legal processes, and ensure freedom, safety and security of navigation and overflight, without resorting to acts that would complicate the situation or create tension.

Mr. President,

It is my strong belief and fervent hope that the Security Council will uphold its primary role and responsibility in maintaining international peace and security, and continue to make important and concrete contributions to enhancing maritime security.

Viet Nam stands ready to make greater contributions to promoting dialogue and building confidence, and join the international community to maintain security at sea and to realize the ocean’s enormous potential, for a future of peace and prosperity for all as peace, cooperation and development is the irreversible course of our world today.

Thank you very much.

Vietnam’s economy to surpass Singapore's by 2030: DBS Bank

Sat, 10 Jul 2021 22:41:27 GMT

Việt Nam News, Ha Noi, July 10, 2021 - Việt Nam’s economy is expected to grow by between 6-6.5 per cent over the next decade. If it does, it will surpass Singapore by 2030, DBS Bank experts have said.

Despite impacts from two waves of COVID-19 outbreaks in the first half of this year, especially on industrial hubs, Việt Nam’s still posted gross domestic product (GDP) growth of 5.64 per cent.

Read more .

Photo: vtv.vn

Vietnam reinforces ties with Canadian province

Fri, 30 Apr 2021 22:46:23 GMT

Vietnam News Agency, April 30, 2021 - The Consul General of Vietnam in Vancouver, Canada, Nguyen Quang Trung joined a working session with the Premier of British Columbia John Horgan on April 30.

At the meeting, the two sides discussed potential and opportunities of cooperation between businesses of Vietnam and British Columbia, especially in education, tourism, people-to-people exchange and labour. They agreed that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has opened up chances in economy, trade and investment for them.

Read more .

Photo: The Consul General of Vietnam in Vancouver, Canada, Nguyen Quang Trung and Premier of British Columbia John Horgan during the working session, by VNA

Vietnamese businesses look to further optimize opportunities from CPTPP

Mon, 19 Apr 2021 23:35:44 GMT

VietnamNet, April 19, 2021 - After two years of implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the use of the deal to generate benefits for the economy and businesses has remained modest, according to insiders.

Among 14 free trade agreements (FTAs) Vietnam has signed, the CPTPP is a new generation FTA with high standards and the highest level of facilitation. Vietnam has been forecast to be one of the members that benefits the most from the deal.

Read more .

Photo: VietnamNet

Canadian firms need more support to take advantage of trade deals

Fri, 09 Apr 2021 23:41:08 GMT

The Globe and Mail, April 9, 2021 - Canadian companies need a shot of global ambition.

Although Canada has signed 14 trade deals covering 51 countries, our businesses are too slow to seize economic opportunities in foreign markets. It’s odd. Canada prides itself on being a multicultural country, but domestic companies are still uncomfortable venturing abroad. By Rita Trichur.

Read more .

Photo: CVTC

1e1a9e200b37405093f647cea716a46e

Canada: A gateway for Vietnamese businesses going global

Team Canada Trade Mission to Malaysia and Vietnam

Government of Canada, December 29, 2023 . As part of Canada's Indo-Pacific Strategy, the Honourable Mary Ng, Minister of Export Promotion, International Trade, and Economic Development will lead a Team Canada Trade Mission (TCTM) to Malaysia and Vietnam in March 2024. Read more .

Canada eager to hike interest across Vietnam

Vietnam Investment Review, December 28, 2023 . Photo by VIR. Vietnam has been extensively expanding its trade and investment ties with Canada while taking the advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership as a big leverage. Read more .

Boosting Vietnam’s manufacturing sector: From low cost to high productivity

McKinsey & Company, September 25, 2023 . Photo by VNA. Manufacturing has been the nucleus of Vietnam’s exceptional growth. However, faced with complex economic, geopolitical, and technological conditions, this sector may have to reinvent itself to continue thriving. Read more .

3 markets to watch: Vietnam, Thailand and the Philippines

EMBAs gain firsthand international business experience in Vietnam

Ivey Business School, April 14, 2023 . From Vespa tours around Ho Chi Minh City to exploring the Mekong Delta by boat, Ivey’s Executive MBA (EMBA) participants made the most of a week-long crash course in international business during their recent Discovery Expedition trip to Vietnam. Read more .

Minister Ng establishes Canada-Vietnam Joint Economic Committee

Vietnam’s Supply Chain Role to Grow Despite COVID, Chamber Says

The economy that COVID-19 could not stop

Remarks by Prime Minister PHAM MINH CHINH on Enhancing Maritime Security

Vietnam’s economy to surpass Singapore's by 2030: DBS Bank

Vietnam reinforces ties with Canadian province

Vietnamese businesses look to further optimize opportunities from CPTPP

Canadian firms need more support to take advantage of trade deals

Government of Canada, December 29, 2023 .

As part of Canada's Indo-Pacific Strategy, the Honourable Mary Ng, Minister of Export Promotion, International Trade, and Economic Development will lead a Team Canada Trade Mission (TCTM) to Malaysia and Vietnam in March 2024.

Read more .

Vietnam Investment Review, December 28, 2023 .
Photo by VIR.

Vietnam has been extensively expanding its trade and investment ties with Canada while taking the advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership as a big leverage.

Read more .

McKinsey & Company, September 25, 2023 .
Photo by VNA.

Manufacturing has been the nucleus of Vietnam’s exceptional growth. However, faced with complex economic, geopolitical, and technological conditions, this sector may have to reinvent itself to continue thriving.

Read more .