Vietnam and Canada are two member countries of the Trans-Pacific Partnership Agreement (CPTPP). As Canada's largest trading partner in Southeast Asia for nearly a decade, Vietnam will export more than 2022 billion USD to Canada in 9. In 2023, the global economy will decline, exports from Vietnam will only reach more than 5,6 billion USD. On the contrary, Canada is the 14th largest investor in Vietnam. The two sides strive to bring bilateral trade turnover to 10 billion USD as soon as possible.
In his welcome speech, Chairman of Binh Dinh Provincial People's Committee Pham Anh Tuan introduced the local potential and strengths: Geographic location, historical - humanistic values; Infrastructure; Abundant human resources; open investment environment; The leadership team and administrative apparatus are professional, rich in determination, and always persevere in the motto of taking people and businesses as the service center.
“According to planning, Binh Dinh province has 15 industrial parks, total area of about 6.700 hectares, 68 industrial clusters - nearly 3.500 hectares, of which, Becamex VSIP Industrial - Urban - Service Park is nearly 1.400 hectares, with infrastructure Modern, synchronous technical floors, fully meeting investment conditions.
With all enthusiasm and enthusiasm, I respectfully request the Vietnam - Canada Business Association to act as a bridge to bring Canadian businesses and investors to Binh Dinh to achieve success together," Mr. Tuan called.
Former Consul General of Vietnam in Vancouver Nguyen Quang Trung shared: "Canada has very strict standards on investment and trade. However, if they know how to take advantage of their advantages, Vietnamese businesses can succeed in this country with the third largest area in the world. Some domestic enterprises have even invested in Canada's pioneering and priority fields such as Vinfast, FPT, Vinastone, not to mention many Vietnamese-Canadian enterprises with stable positions such as Dan-D-Pak and Supermarket. 3, Henlong supermarket, Lucky Supermarket...".
25 years ago, Mr. Dan On, now Chairman of VCBA, was invited to return to Vietnam to seek development opportunities. Choosing Becamex Binh Duong to open a cashew processing factory with the most advanced technology at that time, Dan On is now a big name in the industry of processing and exporting nuts in general. From the initial 6 hectares, his factory cluster expanded to 12 hectares, with investment capital of 150 million USD, revenue of 300 million USD/year, becoming the nucleus of the value-added chain of many customers and partners.
Mr. Dan On commented: The potential for investment and trade cooperation between Binh Dinh and Canadian businesses is huge. "From the lessons of success in the two countries, I personally and VCBA are very willing to build a bridge to share experiences, advise, promote investment, and assist with legal procedures for colleagues from both sides," Mr. Dan On committed.
Vietnamese-Canadian businessman Nguyen Hoai Bac responded: "The existence of the Vietnamese-Canadian business community is an advantage for those who want to do business and two-way trade." He suggested a group of areas that need attention, especially delivery, transportation, consignment, and product introduction.
Director of Binh Dinh Department of Industry and Trade Ngo Van General information, since CPTPP took effect, exports from Binh Dinh to Canada increased 4 times, from 4,1 million USD in 2018 to over 17,2 million USD in 2023. Particularly 2022 reaches 23,9 million USD. Binh Dinh's goods exported to Canada are mainly seafood, refined wood for interior and exterior, garments, and plastic products. "The results are still quite modest, the market share is not commensurate with the potential," Mr. Tong acknowledged.
At the conference, the People's Committee of Binh Dinh province announced a list of projects calling for investment, supporting industry development policies, industrial promotion policies, and policies supporting trade promotion activities and market access...
