Vietnamese Deputy Minister of Industry and Trade Do Thang Hai and Chief Trade Commissioner and Assistant Deputy Minister Sara Wilshaw at Global Affairs Canada signed a Memorandum of Understanding (MoU) on establishing a joint economic committee (JEC) between the two countries on January 11.
Ottawa (VNA) – Vietnamese DeputyMinister of Industry and Trade Do Thang Hai and Chief Trade Commissioner and Assistant DeputyMinister Sara Wilshaw at Global Affairs Canada signed a Memorandum of Understanding (MoU) on establishing a joint economic committee (JEC) betweenthe two countries on January 11.
Addressing the online signing ceremony, Canadian Minister of Small Business, Export Promotion and International Trade Mary Ng affirmed that Canada recognises the growing importance of creating trade opportunities with Vietnamand the Indo-Pacific region for its supply chain, long-term economic growth,and competitiveness.
Businesses and labourers in both countries will benefit from strong and diversesupply chains with the support of the JEC, she said.
Global Affairs Canada (GAC) said in a statement that “To drive a strong, sustainable, and inclusive economicrecovery, the Government of Canada is committed to strengthening the country’sinternational trade ties with fast-growing markets, such as Vietnam’s”.
Vietnam is not only an important global tradingpartner of Canada but also a dynamic economic player in the Indo-Pacific, itnoted.
By establishing the JEC, the Government ofCanada is advancing trade diversification in the region basing on the successof the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) andcollaboration through the Asia-Pacific Economic Cooperation (APEC) forum, as wellas advancing free trade negotiations between Canada and the Association ofSoutheast Asian Nations (ASEAN), of which Vietnam is a member.
The MoU will provide a platform to improvedialogue and collaboration on shared and emerging priorities with Vietnam which is Canada’slargest trading partner in ASEAN, the statement said.
It is hoped to help deepen the Canada-Vietnam bilateral relationship, enhanceCanada’s presence in the Indo-Pacific and create opportunities for Canadian businessesto scale up and grow internationally, it added.
Despite complicated developments of the COVID-19pandemic, two-way trade between Vietnam and Canada hit approximately 5.4 billion USD inthe first 11 months of 2021, representing a year-on-year increase of16.6 percent.
By November 2021, Canada was the 14th biggest foreign investor inVietnam with 231 projects worth 4.81 billion USD, mainly in the areas of hotelservice, insurance, and renewable energy./.
Minister of Foreign Affairs Bui Thanh Son on June 14 held phone talks with his Canadian counterpart Marc Garneau, during which he said Vietnam highly values Canada’s efforts in enhancing its relations with ASEAN and Vietnam.
The 2021 Vietnam - Canada defence consultation took place via videoconference on July 7, highlighting that defence cooperation has been carried out effectively and reaped encouraging outcomes, the Quan doi Nhan dan (People’s Army) daily reported.
Vietnamese Deputy Defence Minister Sen. Lieut. Gen Hoang Xuan Chien and his Canadian counterpart Jody Thomas co-chaired the first Vietnam – Canada online dialogue on defence policy on July 23.
Vietnam wishes to continue to receive Canada's sharing, cooperation, and consultation in the upcoming events to continue to develop and replicate successful co-operative models to more localities, said an official.
Two-way trade turnover between Vietnam and Canada increased by 12.8 percent last year and 28.5 percent in the first seven months of this year, reflecting a reliable and complementary trading partnership, Vietnamese Ambassador to Canada Pham Cao Phong has said.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
At the signing ceremony (Photo: VNA) 
