Vietnam Seeks Deeper Investment Ties with Canada
General Secretary and President To Lam recently attended the Vietnam-Canada Roundtable in Ottawa. The high-level business seminar was organized by the Vietnamese Ministry of Finance, in coordination with the Canadian Ministry of Global Affairs.
In his welcoming remarks, Canadian Minister of International Trade Maninder Sidhu emphasized that the agreements signed between the two countries have created a solid relationship in trade and investment. He noted that Canada has great potential in clean and renewable energy and encouraged Vietnamese businesses to invest in the country.
General Secretary and President To Lam highly appreciated the good friendship between Vietnam and Canada, built on a foundation of trust, mutual respect, and mutually beneficial cooperation. He expressed confidence that the two economies can aim for a trade volume of 14-15 billion USD by 2030 in a balanced and sustainable manner.
The General Secretary and President also proposed that the business communities of both sides focus on major areas of cooperation, shifting from a strong trade relationship to a stronger investment relationship. He emphasized the need for high-quality long-term projects to attract long-term capital and encouraged Canadian businesses to invest in Vietnam's infrastructure, energy, technology, and digital infrastructure.
The two countries are also expanding exchanges in strategically important areas such as clean energy, LNG, energy technology, key minerals, transportation and logistics, science, technology, and innovation. Vietnam encourages Canadian businesses to invest not only in tangible assets but also in technology, research and development, data, digital solutions, clean technologies, and industries that can enhance the productivity of the economy.
General Secretary and President To Lam emphasized Vietnam's strong commitments to continue building a stable, transparent, competitive, and predictable investment and business environment. He also noted that ministries, sectors, and localities must address legitimate difficulties and obstacles faced by businesses.