Experts said Vietnam has favourable conditions to develop supporting industry. Thanks to its sound business climate, the Southeast Asian country has become an attractive destination for foreign investors, including those from Canada. They expressed firm belief that the thriving Vietnam-Canada comprehensive partnership, together with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), will lay a foundation for businesses of both nations to enhance cooperation in the field. At the conference, Deputy Director General of the MoIT’s Department of European-American Market Department Nguyen Hong Duong highlighted Vietnamese firms can capitalise on the Canadian market’s strengths to develop supporting industry as the Canadian authorities have shown their increasing interest in the Vietnamese market. Besides, the bilateral free trade agreement will create a legal framework for business activities of enterprises in both nations, he added. Canada also has well-developed technologies, the official said, stressing both nations can work together in the fields of automobile, garment and textile and food processing. According to VASI Vice President Truong Thi Chi Binh, more Canadian firms have come to Vietnam to look for suppliers in the past two years. Although the amount of spare parts provided for the US is much higher than that for Canada,… Read full this story
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