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Viet Nam
EDC's Position
Page Content - Key EDC Market
- Actively pursuing business
- Open under all programs, subject to regular approval criteria
| Nominal GDP | 123.50 Billion USD | | Population | 88.66 Million | | Total Trade/GDP | 183.24% | | Currency | Vietnamese Dong (VND) | | Merchandise Imports from Canada | 355.21 Million CAD | | Main imports | Petrol Products, Metals, Transportation Equipment, Agriculture Products | | Canadian companies assisted | 83 | | International buyers insured | 178 | | Business volume | 175.20 Million CAD |
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Page Content Center Right Business Environment
Canada and Vietnam have an established and growing trade and investment relationship. Vietnam is evolving from a centrally planned economy to one that is more market driven and is among the list of most attractive markets in the world by the United Nations Conferenece on Trade and Development (UNCTAD). The Vietnamese economy provides ample opportunities for Canadian companies due to the improving market conditions and growing GDP. Canada’s trade with the country tripled in the past five years. Opportunities exist for Canadian trade and investment in all sectors. Developing and improving power supply, especially to the urban and industrial areas is currently a major priority of the government. Vietnam is an attractive destination for FDI (Foreign Direct Investment) in the Southeast Asia region, as it encompasses favorable demographics and robust domestic demand.
Key Industries
- Agriculture
- Environmental Infrastructure & Waste Water
- Forestry (Lumber, Pulp & Paper)
- Oil and Gas
How we can support your business
Through our representation in Singapore, we provide regional support to Canadian companies planning on or currently doing business in Viet Nam. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.
- We are well positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.
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Where does this information come from?
The information displayed in this table is extracted from the Trade Opportunities Matrix (TOM), an EDC tool used to rank opportunities based on a range of economic, financial and industry-specific criteria. It is important keep in mind that the TOM rankings refer to potential export opportunities, which may not reflect actual Canadian exports. - TOM is an empirically-based tool that provides an objective and forward-looking analysis of the most attractive markets for Canadian exporters.
- Using up-to-date economic and financial criteria, TOM ranks Canadian export opportunities in 44 industries, across 69 countries.
- TOM provides an objective starting point for export market research, which can be used to complement in-depth industry analysis and sector-specific knowledge.
Please refer to the TOM background paper for additional details.
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