The establishment of the Eastern Chapter not only marks a significant step in the Việt Nam-Canada Business Association''s growth but also addresses the rising demand for networking and collaboration among Vietnamese and Canadian entrepreneurs in the region.
Canada''s recent changes in trade policies focusing on reducing domestic trade barriers are expected to provide significant benefits to Việt Nam''s export.
Experts see US President Donald Trump''s recent tariff hikes on Canada, Mexico, and China as the start of his administration''s trade policies, with potential for broader tariffs.
With a trade volume nearing $800 billion, Việt Nam ranks 23rd in terms of global exports and 22nd in imports, which represents an average annual growth rate of over 13 per cent since 2007.
The months ahead will be crucial in determining whether the country can navigate these challenges while capitalising on emerging opportunities in an increasingly complex economic landscape.
Việt Nam is strategically focusing on expanding traditional export markets while diversifying into new ones to navigate the growing volatility in world trade.
The Trade Remedies Authority of Việt Nam urged businesses to continue monitoring the export and import of plywood products to prevent illegal transhipment and the misrepresentation of Vietnamese origin.
The Ministry of Industry and Trade (MoIT) on March 4 organised a conference to evaluate and discuss trade promotion activities conducted in February through Vietnamese trade offices abroad.
The Việt Nam Trade Promotion Agency (VIETRADE) will organise a ''Trade Delegation to Japan’ this year, opening up great opportunities for Vietnamese businesses to access a potential billion-dollar market.
To protect the interests of Vietnamese export businesses, authorities have advised associations and exporters to thoroughly study the d US trade defence regulations before exporting goods there.
The establishment of a free trade zone in Đồng Nai is expected to boost trade, investment and jobs, while contributing to developing an ASEAN logistics hub.