Vietnam has become a significant market for potential Canadian business in the wake of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. In an effort to educate and support Canadian Companies and Enterprises with the framework of the CPTPP, the Canada-Vietnam Trade Council and the City of Toronto hosted a Doing Business in Vietnam information session with the aim of sharing experiences in doing business in Vietnam. Pace Global Advantage, and our sister company, Pace Immigration has a network of clients in the region, so we were eager to learn about the latest developments.
The event focused on the benefits to the CPTPP one year after its inception, with a variety of speakers sharing their experiences of doing business in Vietnam. This included Director of Canada-Vietnam Trade Council Julie Nguyen, Deputy Mayor Denzil Minnan-Wong (City of Toronto), Ms. Huong Do (Commercial Counsellor, Trade Office, The Embassy of Vietnam), Ms. Catherine Jollymore & Ms. Sarah Bernier (Global Affairs Canada), and Ms. Cholong Lim (Ontario Ministry of Economic Development) — all sharing their firsthand experience of what to expect in Vietnam, and providing useful information for Canadian businesses. Due to a shortage of homegrown technologies and initiatives, Vietnam is looking globally for aviation technologies, education, environmental / cleantech, agriculture and agri-food products, and information communication technology.
For further information on in-demand industries, and the in-depth breakdown of the information session, read the official article from the Canada-Vietnam Trade Council.