Monday, May 27, 2019 3:01:04 PM - Markets open
VN-INDEX 975.14 +5.11/+0.53%
HNX-INDEX 105.04 -0.35/-0.33%
UPCOM-INDEX 55.25 -0.02/-0.04%
CPTPP helps drive Canadian firms’ interest to Vietnam
VietnamPlus - 3/12/2019 12:58:04 PM
 (0 ratings. You must sign in to rate.)
 A conference was held in Toronto, Canada on March 11 to help Canadian small- and medium-sized enterprises (SMEs) study the Vietnamese market with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) effective.
 
Addressing the event, themed “CPTPP: Vietnam”, Canadian Minister of Small Business and Export Promotion Mary Ng affirmed the significance of the relationship between Canada and Vietnam, two members of the CPTPP, as well as the position of Vietnam as the largest trade partner of Canada in ASEAN.
 
The minister held that the Vietnam-Canada partnership is strong, expressing her hope to connect businesses of the two sides to promote two-way trade.
 
She said the Canadian side can fund its enterprises’ activities to research the market and join trade fairs to seek business opportunities in Vietnam.
 
Statistics showed that in 2018, Canada exported 1.02 billion CAD worth of goods to Vietnam, while importing 5.38 billion CAD worth of commodities from the country.
 
Jay Allen, deputy head of CPTPP negotiation team of Canada, highlighted the strengths of the Vietnamese market, including the strategic position in Southeast Asia, young population, and high GDP growth of more than 6 percent annually since 2014.
 
Allen said cooperation opportunities between the two countries are abundant in agriculture, aquatic farming, infrastructure, green technology and ICT.
 
Meanwhile, Dr. Nguyen Dai Trang, Director of the Canada-Vietnam Trade Council, said since the CPTPP was ratified, Canadian firms have paid greater attention to Vietnam.
 
She revealed that the council will introduce the Vietnamese market to Canadian businesses through the organisation of and participation in events, while also helping delegations study the Vietnamese market.
 
Canada is the only country in the G7 that shares trade agreements with all members of the group.
 
The Canadian business community is interested in various Vietnamese products, especially farm produce such as pork, beef, chicken and fresh fruit.-VNA
 
Read original article here
 
Newer News
13:08 FDI reaches 16.74 billion USD
26/05 Industry has important role to overcome middle income trap in VN
25/05 Aquatic businesses feel windfall from CPTPP
24/05 Vietnam, US to augment ties in economy-trade investment, defence
24/05 Vietnam’s exports to Thailand shoot up
23/05 Petrolimex plans convenience stores at gas stations
22/05 Deputy PM wants to increase value of Vietnamese brands
21/05 Vietnam-Russia economic, trade relations continue to thrive
19/05 Fund for development of SMEs to established
17/05 Vietnamese firms move to foster apparel exports to Canada
Older News
11/03 MPI estimates GDP lower than its low growth scenario
11/03 Two-month export of aquatic products up 4.4 percent
09/03 Vietnam, US look to bolster investment, trade ties
09/03 Tra fish export expected to bring home 600 million USD in Q1
09/03 Vietnam-Russia joint venture welcomes first oil flow from Ca Tam field
08/03 Vietnam an ideal market for foreign fruit exporters
06/03 Electricity prices to increase by 8 percent this month
05/03 Cashew price to recover this year
04/03 Experts discuss country’s socio-economic development strategies
04/03 State capital at four firms to be auctioned in March
 
Newsletter Signup
Top Stories
VAMC to reclaim US$2.13 billion in bad debts
HCM City: 46.8 percent of FDI goes to property sector
Vietnam Pepper Association not hopeful of global price recovery
HVN: Vietnam Airlines to pay $63.9 million cash dividend
Reference exchange rate kept unchanged on May 6
Market Update
Last updated at 3:09:44 PM
VN-INDEX 975.14 +5.11/+0.53%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.