Vietnam leads ASEAN members in bilateral trade revenue with Canada, with the figure hitting 928.97 million USD in the first quarter of 2016, up 11.8 percent year-on-year.
Ottawa (VNA) – Vietnam leads ASEAN members in bilateral trade revenue with 💟Canada, with the figure hitting 928.97 million USD in the first quarter of 2016, up 11.8 p🍨ercent year-on-year.
According to Statistics Canada, Canada exported 92.9 million USD worth of goods to Vietnam, an annual decrease of 38.7 percent during the period. The country spent 836.1 million USD on Vietnamese imports – mainly machinery, electronic devices, apparel and footwear, 23 percent higher than last year.
Vietnam secured a trade surplus of 743.2 million USD, with an annual surge of 123 percent in the overall value of machinery and electronic devices exported to Canada.
Canada bought less seafood from Vietnam, leading to a drop of 22.4 percent in revenue compared to last year.
Vietnam mostly imported fertilizer, nuts, seafood, machinery-spare parts and fur from Canada.
Vietnam ranked fifth in ASEAN in terms of imports from Canada but exports the most to the country.
In the period, the ten ASEAN state members together recorded almost 2.9 trillion USD worth of exports to Canada and more than 1 trillion USD worth of imports from the country.-VNA
Tuna export value to Canada reached 1.4 million USD in August, up 61 percent compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The 2015 Canadian Food Festival was launched by the Canadian Embassy in Vietnam in Ho Chi Minh City on November 10 to promote Canada’s premium food products.
The Canada – Vietnam two-way trade increased sharply in the first nine months of this year, reaching 2.8 billion USD, according to Canada’s statistics agency.
A delegation of leading enterprises from Richmond, a coastal city in western Canada, led by Councillor Chak Au, visited HCM City on May 27 to seek cooperation.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
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.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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.
Illustrative image (Source: VNA)
