Currently, Việt Nam is Canada''s largest trading partner in ASEAN and this country''s seventh largest import partner after the US, mainland China, South Korea, Japan, the Netherlands and Hong Kong.
This marked the third consecutive year that Việt Nam has recorded positive export growth to the market since 2019 after both countries officially became members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Vietnamese firms should find ways to expand into the Canadian market as there is a lot of untapped potential for Vietnamese goods in the North American country.
Trade activities between Canada and Viet Nam have developed strongly thanks to opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Shrimp exports to Canada as of mid-May had reached US$54.7 million, a 32 per cent increase year-on-year, following steady increases since 2016, aside from a slight dip last year.
Vietnamese exports to Canada expanded in 2014 by 34.55 per cent on the
year to US$2.08 billion, according to the Ministry of Industry and
Trade''s Information Centre.
The volume of Vietnamese exports to Canada has increased by 17 per cent
annually, said Zaki Munshi, Asia Project Manager of the Trade
Facilitation Office Canada on Thursday.