Vietnamese exports to Canada reach 17% growth

(VOV) - Vietnamese exports to Canada have been climbing on average 17% per year, said Zaki Munshi, project manager for Asia under the Trade Facilitation Office Canada (TFO Canada) at a seminar in HCM City on October 16. 

The project manager added that a sharp increase in two-way trade turnover is also one of major important factors that have contributed greatly to developing bilateral relations between the two nations.

However, Mr Zaki Munshi said businesses should strictly comply with procedures to boost exports to the Canadian market by devising sound market strategies. Especially, he emphasised the need to study the market demand and learn about the legal environment.

At present, Canadian consumers tend to favour traditional products that are good to health. Therefore, Vietnamese businesses can fully tap these factors to export products meeting the demanding Canadian consumer tastes, he stressed.

Vo Tan Thanh, director of Vietnam Chamber of Commerce and Industry, HCM City branch said Canada is considered as a free market and a highly lucrative potential market for Vietnamese goods.

Especially, Vietnamese and Canadian goods are supplementary rather than competitive, so there are huge opportunities for future cooperation to bring economic benefits to both nations.

Canada Consul General in HCM City, Wayne Robson said Vietnam is one of the 25 nations which are given priority to participating in the support program to approach the Canadian market. It is also one of six major markets that enjoy Canada's priorities to develop educational strategies.

He stated that Canada has expressed a strong desire to boost cooperative relations with Vietnam in various field- economics, politics, society and culture.