Illustrative image (Photo: VNA) HCM City (VNA) – Opportunities to boost trade andinvestment with Canada are promising since the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) took effect, experts said at aseminar held in Ho Chi Minh City on June 28.
Speaking at the event, Honorable Executive President ofCanada Trade Link Bryon Wilfert said with CPTPP entry, Vietnam and Canada couldoffer mutual support to develop markets and expand investment.
He said the CPTPP is the first and only deal involving thetwo countries, creating an important legal framework to reinforce bilateraltrade and investment. Canada wants to make the best use of the CPTPP to furtherbilateral ties via cutting almost tariffs.
Canada pledged to remove 95 percent of tariffs, including 78percent on imports from Vietnam, opening up chances to increase export ofaquatic products, wooden furniture, apparel, footwear and farm produce.
Vince Lalonde, Director of Immigration and Investor Servicesat Pace Law Firm, said Vietnamese investors could choose to open companies,branches or buy firms in Canada on the back of the CPTPP, which has become atrend recently.
Business owners do not need to stay in Canada for 24 monthsto be eligible for permanent resident card, or for 36 months to earncitizenship. Instead, their relatives or employees could stay in the countryfor required time to seek the status.
Lalonde suggested hiring experienced consultants beforedeciding to invest in the nation to minimise possible risks.
Canada also considers Vietnam an attractive destination for thefields of its strength such as high-tech, clean energy, waste treatment andwants to extend collaboration with ASEAN markets via Vietnam, he said.
The event was co-hosted by the Vietnam Asia-Pacific EconomicCentre, the Saigon Times and the Vietnam Consulting Group.-VNA
Speaking at the event, Honorable Executive President ofCanada Trade Link Bryon Wilfert said with CPTPP entry, Vietnam and Canada couldoffer mutual support to develop markets and expand investment.
He said the CPTPP is the first and only deal involving thetwo countries, creating an important legal framework to reinforce bilateraltrade and investment. Canada wants to make the best use of the CPTPP to furtherbilateral ties via cutting almost tariffs.
Canada pledged to remove 95 percent of tariffs, including 78percent on imports from Vietnam, opening up chances to increase export ofaquatic products, wooden furniture, apparel, footwear and farm produce.
Vince Lalonde, Director of Immigration and Investor Servicesat Pace Law Firm, said Vietnamese investors could choose to open companies,branches or buy firms in Canada on the back of the CPTPP, which has become atrend recently.
Business owners do not need to stay in Canada for 24 monthsto be eligible for permanent resident card, or for 36 months to earncitizenship. Instead, their relatives or employees could stay in the countryfor required time to seek the status.
Lalonde suggested hiring experienced consultants beforedeciding to invest in the nation to minimise possible risks.
Canada also considers Vietnam an attractive destination for thefields of its strength such as high-tech, clean energy, waste treatment andwants to extend collaboration with ASEAN markets via Vietnam, he said.
The event was co-hosted by the Vietnam Asia-Pacific EconomicCentre, the Saigon Times and the Vietnam Consulting Group.-VNA
VNA
