Canada boosts investment, trade with Vietnam

Canada’s bilateral merchandise trade with Vietnam over the past decade has increased steadily by more than four fold over 2000.

It reached an all-time high of nearly US$1.4 billion in 2010, according to Audri Mukhopadhyay, Consul General of Canada in HCM City.

Merchandise imports from Vietnam were valued at US$1.2 billion, while exports were worth US$264.7 million.
Canadian statistics showed that the stock of Canadian direct investment in Vietnam was US$89 million at the end of 2009.

Canada and Vietnam are currently negotiating a Foreign Investment Promotion and Protection Agreement (FIPA).
The Consulate General of Canada has arranged for many trade delegations to visit Canada and Vietnam, and organized various activities, including food promotions, education fairs, and seminars in an effort to boost bilateral cooperation. – VNA

Tags: Vietnam Canada trade

Posted by VBN on Oct 4 2011. Filed under Import-Export, Int'l Cooperation, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry