Canada’s tax reduction roadmap from the current 17-18 percent down to zero percent within three years will create great opportunities for Vietnamese businesses, especially garment, footwear, and timber product exporters, they said.

Illustrative image.

Two-way trade reached 3.87 billion USD in 2018, a year-on-year rise of 10.6 percent. Vietnam exported 3.01 billion USD worth of goods to Canada, up 10.9 percent against the previous year, according to Deputy Minister of Industry and Trade Do Thang Hai.

Canada is now the third biggest trade partner of Vietnam in the Americas, following the US and Brazil. Meanwhile, Vietnam is Canada’s biggest trade partner in the Association of Southeast Asian Nations (ASEAN).

Vietnam’s main exports to Canada include garment-textile, footwear, seafood, cashew nut, and iron and steel products.

The Asian country mainly imports wheat, soybean, machinery, equipment, spare parts, fertilisers, garment-textile material, footwear, wood and timber products from the market.

The supplementary structure of goods between Vietnam and Canada is a favourable factor for the two countries to cooperate in trade, market watchers stressed.

Trade promotion fair for cooperatives opens in HCM City

A trade promotion fair for cooperatives nationwide kicked off in Ho Chi Minh City on April 17.

 

ASEAN countries boost trade ties with western Mexican state

A business cooperation forum was held in the western state of Jalisco, the second biggest economic centre of Mexico, on April 11 and 12 to foster its multifaceted relations with ASEAN countries, particularly in trade, investment, education and tourism.

 

Vietrade, Amazon Global Selling announce cooperation plan

The Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (Vietrade) and Amazon Global Selling announced their cooperation plan on April 11, which aims to assist Vietnamese businesses in enhancing exports and developing brand names through e-commerce. 

 

Vietnam introduces investment, trade potential in Belgium

Vietnam’s potential and advantages in investment and trade once the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) take effect were introduced at the ASEAN Trade and Investment Forum in Brussels, Belgium, on April 4.

 

Vietnam’s trade surplus reaches US$536 million in first quarter

Vietnam recorded a trade surplus of US$536 million in the first quarter of 2019, according to the General Statistics Office.

 

Source: VNA