Showing posts with label Canada. Show all posts
Showing posts with label Canada. Show all posts

Sunday, January 2, 2011

Trade promo push in Mexico, Canada

Ha Noi — The Ministry of Industry and Trade will speed up trade promotion activities in Mexico and Canada in the fourh quarter.

The ministry has issued instruction No8/CT-BCT about pushing exports and enlarging markets to meet the country's annual export target of US$60 billion.

Sectors involved are mainly garments and textiles, footwear, seafood, wood products, arts and handicrafts and processed food.

Promotion activities were scheduled to take place mainly in Toronto and Mexico City.

The North American Free Trade Area, with a population of 520 million, is considered as a key export market of Viet Nam. Canada and Mexico are big markets for Vietnamese goods behind the US, which accounts for 82.5 per cent of Viet Nam's export turnover to the area.

Vietnamese Ambassador to Mexico Pham Van Que said two-way trade between Mexico and Viet Nam surged from $60 million in 2001 to nearly $720 million last year, $600 million of which were exports to Mexico.

The main exports were garments, footwear, seafood, printing-machines, sports equipment and wooden products.

Que expected that following the first session of the Mexico-Viet Nam Joint Business Committee in Mexico recently, trade between the two countries would increase significantly.

He said the session was the start of a partnership for sustainable development between the two countries.

Last year's trade turnover between Viet Nam and Canada reached $1.3 billion, $1 billion of which were Viet Nam's exports to Canada.

The ministry predicted that the country's export volume to Mexico and Canada would rise dramatically in the next three months, especially of vegetables and fruits.

Viet Nam shipped fruit worth $2.8 million to Mexico and Canada in July this year alone, up 21.7 per cent on the same period last year. — VNS

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Friday, August 20, 2010

Vietnam, Canada eye $2 billion in bilateral trade

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Canada will further step up cooperation projects in Vietnam, particularly in the fields of education and training

Two-way trade between Vietnam and Canada is expected to exceed US$2 billion and Canada will become one of the leading investors in the Southeast Asian country in years to come.

Prime Minister Nguyen Tan Dung was speaking at a reception given to the outgoing Canadian Ambassador to Vietnam, Deanna Horton, in the capital city of Hanoi Wednesday.

PM Dung spoke highly of the diplomat’s contributions to promoting mutual understanding, friendship and cooperation between the two nations’ people, especially in humanitarian assistance, cultural development, education and international cooperation.

The government leader requested Canada continue to hold negotiations with concerned ministries and agencies of Vietnam to soon sign a bilateral trade and investment protection agreement and speed up the implementation of projects in Vietnam.

He applauded Canada ’s rotating co-chairmanship of G-20 and thanked Canada for its invitation to Vietnam to attend the G-20 Summit in its capacity as Chair of ASEAN last June.

PM Dung said he hoped that in whatever positions, Horton would continue to support and contribute to the development of friendly and cooperative ties between the two nations.

Horton said Canada will further step up cooperation projects in Vietnam, particularly in the fields of education and training.

The ambassador told her host that Canada has funded many projects which have brought practical benefits to Vietnam in environmental protection, epidemic prevention and vocational training.

Investors from Canada currently want to pour more funds into Vietnam, she said, adding that the Canadian Government has already asked Canadian companies to perform in a socially responsible manner while doing business in Vietnam.

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